Posted on 08/24/2015 8:39:34 PM PDT by canuck_conservative
Edited on 08/25/2015 6:54:18 AM PDT by Admin Moderator. [history]
(Excerpt) Read more at business.financialpost.com ...
Dow futures up 348 points right now.
If I had any money, now would be the time I would buy, buy, buy and gamble it all.
According to several FReepers it was a just a normal day on the exchange, hardly any thing to it and certainly nothing worth worrying about.
Rats. I need a good downturn. Too much dry powder.
Obamaconomy
My fund manager is busy snapping up cherries, like last time.
I hope he is snapping up those cherries for you. LOL!
I noticed that and couldn’t believe it. Maybe denial.
Nope, it's not. China is losing another 8% in overnight trading right now. (Actually, that was earlier tonight, I haven't looked again in just over an hour now.) That doesn't set a good table for the European markets or our own come tomorrow.
Dow futures are up @ 350 right now, but that's a fairly typical bounce after such a big decline. There will be plenty of panic sellers and value buyers tomorrow when our markets open. I don't think anyone knows with any certainty how the market will fare tomorrow. It all depends on who's not panicking and buying instead of selling off and how much they're buying.
Me? I'm standing pat. I can only hope and pray that's the right decision.
One of the strangest days I've ever seen.
Corruption for all of the world to see.
If you have a list of those freeper's nic's, please publish it. They should never be given any serious credibility going forward.
Won't tell you who I work for, but I'll tell you this: every single one of our trading, reconciliation and cash movement systems were stretched to the point of breaking today. In a few limited cases, we struggled quite a bit to keep them up and available shifting capacity to them from other compute environments.
I have a pretty high number of friends who work in the trading, hedge fund, commodity and options clearing parts of financial services. To a person, each one said that the volume and volatility seen today exceeded that of any single day during the 2008 melt down.
Funny thing is after the 2008 melt down, almost every financial services/trading/hedge fund/commodity trading/options clearing firm increased their capacity and fail-over capacity more than three fold. All that capacity got used up today.
I call bullsh*t on anyone who says today was another "normal day."
With that, I'm headed off to bed as it sure looks like tomorrow's going to be another rough day.
A 10% drop...in 1985 the DOW was like 1270.00....was GIANT!!
The DOW now between 16000..and 15000....with a 10% drop isn't all that big.
That said....I figure we go back to 13000-12800....
I think the NYSE...could go back to 7000...
The NAS back to 2870 is a possibility.
Trends are powerful things..and some important MA's have been broken..to the down side.
We shall see!!
My ex works for a large brokerage and she said today was effing insane and said she was hitting the sack early tonight, knowing it will be a bumpy ride tomorrow.
She has said for months and months now, her advice to people about the market, GET OUT. She doesn’t get real political but she knows something is coming down the pike.
I also do some market research videography and recently have covered some roundtable discussions about some new policy that will be out soon and how it will affect brokerages. I cant say anything due to NDA, but I would also be concerned enough that I would get out if I were actively participating in the market.
The media is trying to protect Obama
Trump was right again
Now everyrone will see the damage that the big eared donkey called Barak Obama has done to the USA
This is what happens when you tie yourself to other countries now as they fall you do too. Fact is the USA has every natural resource , (had the technology) to produce anything it needed . It didn't nee to get involved with China nor Mexico etc.
Barack Obama has destroyed the U.S. economy and all of the USA.
The mainstream news media will try to blame anybody except Obam (Bush, Palin, Republicans anybody). Their media’s main goal is to protect their Obama, marxism personified.
Barack Obama has destroyed the U.S. economy and all of the USA.
The mainstream news media will try to blame anybody except Obama (Bush, Palin, Republicans anybody). Their media’s main goal is to protect their Obama, marxism personified.
The federal fiscal year is coming to an end and it's time to spend another 4 or 5 trillion dollars.
4 or 4 and half trillion of which will go into the "stock market".
This is not a stock market at all. It's a bank vault for the criminal ruling elite.
I watched a “special report” on one of the financial channels earlier in the evening. I find the stock market interesting to watch, even though I’m not involved in trading.
So on the show tonight, a few of the commentators saw that the Dow futures were in positive territory tomorrow and they didn’t think that was good. It was as if they believed that the market should gradually recover, not shoot back up to a “no big deal” conclusion about the losses today.
Can anybody explain to me why they were not happy about the positive DJIA futures report for tomorrow?
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