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A 1,000-point Dow drop .... How an hour of panic unfolded as markets opened
National Post [Canada] / Bloomberg ^ | Monday August 24, 2015 | Lu Wang

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 ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: aug2015stockcrash; china; dowjones; morerehash; stockcrash; stockmarket
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To: Nervous Tick

81 posted on 08/27/2015 11:07:05 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: Kartographer; abb; Osage Orange; Old Sarge; usconservative; mlo

>> The same reason the otherside didn’t say anything on the 25th.

That’s simply not true! In fact, earlier in this same thread you were a willing participant in a witch hunt for “othersiders” who dared, during the worst of the bloodbath, to point out that the percentage drop wasn’t all that much, historically speaking — and that the market, being a market, goes up and down, sometimes significantly.

>> The FED backdoor announcement of no interest rate increase wouldn’t have anything to do with things would it?

Might have had *something* to do with it. But I’d say it’s more due to investors recognizing an oversold market when they see it, and snapping up bargains. From a worldwide investor point of view, dividend-paying equities in the relatively stable, relatively growth oriented US markets are a relatively safe haven — and all that money has to go *somewhere*. That explains more about what happened than goofy, and unproven, “plunge protection team” crapola.

>> A market built on faux money is not prudent and soon or a later will fail.

I agree. What isn’t sustainable won’t be sustained forever. What I have a problem with is your, and others’, tendency to want to silence and browbeat anyone who doesn’t buy in 100% to your “sky is falling” prophecies. Smacks of fascism and it pisses me off, so I speak up when I encounter it.

So carry on — you mean well and your warnings have their place. But knock it off with that “debate is closed” crap. Deal?


82 posted on 08/27/2015 11:07:50 AM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: Nervous Tick

What I a problem with problem with is your, and others’, tendency to want to silence and browbeat anyone who doesn’t believe it is prudent to warn that a market built on faux money is not prudent and soon or a later will fail.

They rather cover it and pretend it can’t happen, then warn people to watch for it.


83 posted on 08/27/2015 11:52:06 AM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

>> What I a problem with problem with is your, and others’, tendency to want to silence and browbeat anyone who doesn’t believe it is prudent to warn that a market built on faux money is not prudent and soon or a later will fail.

I never suggested to silence you, and you know it. Didn’t I just say that your warnings have a purpose?

Nor have I ever seen an instance — not even a single instance — of ANYONE trying to silence you.

Please post an example of such.


84 posted on 08/27/2015 12:59:34 PM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: Nervous Tick; appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; goosie; kalee; ..

You own post on this thread reveal you to be a mocker. You mocked the possibility that a financial collapse could possibly happen while agreeing that the market is unsustainable using the Feds money.

You mock the warning while admitting the real possibility. When should a warning be given? When the event happens or before when it is self evident?

Do your own homework I’ve been at this long enough that the post are full of what you look for.


85 posted on 08/27/2015 1:26:49 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Nervous Tick; Kartographer

I hate both of you.


86 posted on 08/27/2015 1:28:04 PM PDT by Lazamataz (Ok. We won't call them 'Anchor Babies'. From now on, we shall call them 'Fetal Grappling Hooks'.)
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To: Lazamataz

I know, but admit it, you hate me less than you hate him.


87 posted on 08/27/2015 1:37:09 PM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: Lazamataz

Thanks Laz!! ;-)


88 posted on 08/27/2015 1:56:11 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

Of course a financial collapse is possible. Our government, after all, is run by stupid people.


89 posted on 08/27/2015 1:59:21 PM PDT by Tolerance Sucks Rocks (Democrats and GOP-e: a difference of degree, not philosophy)
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To: Kartographer
You own post on this thread reveal you to be a mocker. You mocked the possibility that a financial collapse could possibly happen while agreeing that the market is unsustainable using the Feds money.

I have set my family up for the possibility of financial or some other type of collapse of society by prepping. I have goods, guns, ammo, money and precious metals in case there is a collapse. At the same time, am I an idiot for prepping for the possibility that the world as we know it may not collapse and that maybe I need to prep for that fact too. If the market is unsustainable and will most likely collapse, that means you have to pick the right time to get out. If you got out sometime this summer it was probably the right move. If you got out 6 years ago then It wasn't unless that's all the finances you had available with which to prep.

90 posted on 08/27/2015 2:07:10 PM PDT by Starstruck (I'm usually sarcastic. Deal with it.)
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To: Nervous Tick; Kartographer; abb; Osage Orange; Old Sarge
What I have a problem with is your, and others’, tendency to want to silence and browbeat anyone who doesn’t buy in 100% to your “sky is falling” prophecies. Smacks of fascism and it pisses me off, so I speak up when I encounter it.

Oh good grief tick, get a grip and quit trying to practice what you are condemning. The recent dow activity is only a foreshock - read what money managers are saying. volatile activity is going to be expected through the point where the dow (and the rest of the global market) begin to melt down. I would hope you have the common sense to recognize that unemployment isn't 5% and gdp is nearly 4% or that this country is nearly 20 trillion in debt. And the rest of the world is in worse shape.

you don't like threads like this - then hit your ignore button.

91 posted on 08/27/2015 2:22:24 PM PDT by Godzilla (3/7/77)
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To: Kartographer

How did I get pulled into this?????


92 posted on 08/27/2015 2:22:34 PM PDT by freedumb2003 (Trump is the missile. Cruz is the payload. (Tagline stolen from Kid Shelleen with no attribution!))
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To: freedumb2003

Whirlpool effect. ;-) It would appear that some people don’t believe that the prepper threads have ever been attacked.


93 posted on 08/27/2015 2:26:04 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Lazamataz

I love you Laz, deep unbridled passionate steaming love.

Platonically of course


94 posted on 08/27/2015 2:30:30 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Godzilla

>> you don’t like threads like this - then hit your ignore button.

I LOVE threads like this! That’s why I came here.

My beef is with the PORTION (several posts) of this thread wherein Kartographer and others advocated tracking down FReepers with opposing views and ostracizing them publicly, merely because they held opposing views. Actually, it went beyond “advocating” and got to the point of calling them out by name.

That should concern you whichever side of the debate you’re on.

Smacks of the global warming cult’s “This debate is over” nonsense.


95 posted on 08/27/2015 2:49:27 PM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: Kartographer

>> It would appear that some people don’t believe that the prepper threads have ever been attacked.

Attacking or ridiculing your beliefs, and attempting to formally silence your expression of those beliefs are two very different things.

I’m still waiting for you to produce an example of someone attempting to silence you.

I’m confident I’ll be waiting a very long time. Like unicorns, such examples exist only in the fever swamps of your paranoid, bitter mind.


96 posted on 08/27/2015 2:53:49 PM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: driftdiver; Lazamataz

Ew. Get a room.


97 posted on 08/27/2015 2:55:00 PM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: abb

Loved that movie....


98 posted on 08/27/2015 3:03:57 PM PDT by Osage Orange (Q. What do Eskimos get from sitting on the ice too long? A: Polaroids.)
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To: Nervous Tick; Kartographer
N.T. has some good points....Kart.

I made a post...and you served it up to "others" as some sort of example.

Of course...I had some mental dyslexia....in my post. LOL!! Not the first time.....But, I was pointing something very clear out.

FWIW-

99 posted on 08/27/2015 3:13:02 PM PDT by Osage Orange (Q. What do Eskimos get from sitting on the ice too long? A: Polaroids.)
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To: Lazamataz

HA!!


100 posted on 08/27/2015 3:14:10 PM PDT by Osage Orange (Q. What do Eskimos get from sitting on the ice too long? A: Polaroids.)
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