Gains go poof: Dow turns red before close, loses 205
LOVE IT!
Posted on 08/25/2015 6:15:14 AM PDT by expat_panama
U.S. stock index futures pointed to a sharply higher open on Tuesday, recovering from the plunge seen in global stocks on Monday as mayhem in Chinese markets and interest rate fears dominated markets.
Dow futures were up around 450 points in premarket trading, implying a 320 point bounce at the open and shrugging off deeper selling in China. Equity markets in China fell further in the final hour of trading on Tuesday, with the Shanghai Composite (Shanghai Stock Exchange: .SSEC) settling below the key 3,000 mark, to end the day down 7.6 percent.
Read More More selling may be ahead, but bull market called not dead yet
Japan's Nikkei 225 (Nihon Kenzai Shinbun: .N225) index was the second-biggest laggard in the region, closing down 4 percent, after turning negative in the afternoon trading session Tuesday.
European equities bucked the weakness seen in Asia , and were trading firmly in the green in early deals. The pan-European Stoxx 600 rallied 2.8 percent, with French (Euronext Paris: .FCHI), German (XETRA: .GDAXI) and U.K. (FTSE International: .FTSE) stocks all up around 1.5 percent. Basic resources stocks were the key outperformer, gaining in excess of 3 percent.
On the data front, there are a flurry of housing market indicators due Tuesday, with the FHFA and Case-Shiller home price indices for June both due at 9.00 a.m. ET and new home sales figures for July at 10.00 a.m. Other releases include the Conference Board's consumer confidence indicator for August at 10.00 a.m. as well as the flash Markit services and composite PMIs for the same month.
"After yesterday's data vacuum, we get U.S. new home sales and Conference Board consumer confidence this afternoon. Neither of these is going to change anyone's expectation about the outlook for Fed policy...
(Excerpt) Read more at finance.yahoo.com ...
Yes. Please tell
It's what Mussolini said he was bringing, not the evil capitalism that he hated, not the communism that everyone else hated, but a 'third way' between the two.
[Fascism in the 2nd edition.] ... was seen as a third way between laissez-faire capitalism and communism.
--and after Hitler, Obama also followed the same line...
Third Way (centrism) anti-communism, designed to bind all classes together under a capitalist ... The ref specifically cites Barack Obama as third way. ...
The question I get stuck on is if we don't know what's right, how can we be soooo sure what's wrong?
wow....pretty good estimation....down over 200...
I told a friend that the Hi speed computerized traders were shearing the sheep.
It appears your prediction was fairly close. Dow was down 204.
It comes from knowing that 92 million people are not working. That number is from the labor force participation rate, which is the highest number there has ever been.
Those people are oddly noted counted among the unemployment rate.
As far as the ‘inflation numbers’ one just needs to look at the velocity of money numbers, which a link was provided in my post. Inflation doesn’t happen when money is essentially not moving in the economy.
I agree it was just a warning shot. I called it yesterday a lightening flash before the storm.
There are way too many fundamentals being ignored and faked.
The desire for a normalcy bias to keep citizens calm is overwhelming common wisdom.
What do you see for tomorrow? ;^)
We’re in uncharted territory now and the Fed + fake employment numbers + fake earnings + fake Chinese number + (QE bailout liquid = fakery)= who the heck knows.
Oh, throw in Comex fakery and fake gold prices and manipulation = who the heck knows.
Be vigilent. Oh, Cheaper than Dirt has great ammo sales.
Yeah, that’s the ticket.
Thanks for the ping (I haven’t read the thread)…most FReepers had to have seen today coming (recently home from work).
You da man! What is your rate?
--and that's usually how it goes, the unemployment rate (unemployed/laborforce) is a lie, but the unemployed number and the laborforce numbers are just fine. That's also how mindless democrats talk, they say Obama's great because his unemp/labforce ratio is lower now than when he started but if you point out that Bush's and Clinton's rates averaged out the same at 5% but Obama's average is 7+% then they suddenly say that actually the rate's no good at all.
Mindless.
I predict at 4pm it will be down 250
You da man! What is your rate?
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