Tracking the DOW PLUNGE!!!

[Spectrism]

Hello fellow plungers! It is time for us to get ready for the next downward PLUNGE. Today is starting the downward slope. Let's see if it breaks support levels.

Right now it is down 110 pts.... and falling. Is this another bear trap?

[optionT]

The bears have gotten their faces ripped off lately.

[Spectrism]

The bears have gotten their faces ripped off lately.


That's only because we got all our legs chopped off in the bear traps.

The plunge protection team has been using our tax dollars against us.... keeping the market pumped. Will they keep it up or will they divert dollars to Treasury bonds?

[Spectrism]

We have to see the indexes drop below support levels and close there firmly before the market will turn around. There is ALWAYS a punch that comes into the market when these plunges begin. I noticed these starting about a year ago. My guess is the PPT has this rigged to keep people feeling secure.

When everybody is in the market.... watchout. Then they gotcha.

[Ponce]

I am gla that yesterday I bought my Canadian fiat......like I said in that post "I can feel that something is going to happen", who knows.........if everything goes ok I will then get more.

[Gaillo]

Looks like it's stabilized... for now.

Due for a HUGE correction soon, though! ;)

[Unobtainium]

The bears have gotten their faces ripped off lately.


That's only because we got all our legs chopped off in the bear traps.

The plunge protection team has been using our tax dollars against us.... keeping the market pumped. Will they keep it up or will they divert dollars to Treasury bonds?


That's exactly what will likely happen. When the Treasury auction start really crapping out, the Top will sell their stocks and buy Bonds. Round 2 of the fleecing of the middle class.

[Spectrism]

This is options expiration week. Great news everywhere about businesses loading up their inventory to meet ANTICIPATED customer demand. There is more activity but the debt is unsustainable. With billions more being floated and going to unknown fatcats, and the tab put on the taxpayers' future, the can is being kicked down the road.... but the can is a mine ready to explode. The game of hot potato is running at the same time as musical chairs.

The VIX (volatility index) looks at the fear in the market. Very low. It is the lowest in about 2 years. This means the cost of distant future put options will be low. If there is going to be a devastating plunge and you want to use options, the time is getting good to select the targets and be ready.

When I looked at the drop in the VIX, it looked much like the edge of an ellipse. If my guess is right, we are close to the bottom there and in the next few weeks we will see this begin to turn around.

Right now we are seeing the DOW still climb (over 11,000) and move sideways.... still bullish. Many dynamics are playing into this complex mess. US borrowed money is spirited off to unknown players. The Obama regime wants to hide any appearance of depression. Treasury debt will exceed the world's hunger for "a safe harbor" and the federal reserve has vowed not to take on more. I don't trust them, so I expect unknown buyers to appear from the shadows.

What will be the trigger to start the whole shift? I gotta go find my monkey wrench.

[jaybone]

Any strike recommendations for the long-dated put newbies?

[Spectrism]

Any strike recommendations for the long-dated put newbies?




The market is a wild mess of ponzi schemes. It seems that most options players are working off technical analysis- charting the next move, or insider information... on an hourly basis.

I was hoping we could get some interest in our Finance and Economics area...
http://gold-silver.us/forum/index.php?topic=637.0

Finding weak companies that are ready to fall when the market changes.... or even falling now as the market rises, is the goal. I don't have any good targets at the moment.

ed- some big resistance levels coming up in the DOW. Just looking at one of my lines, I think there could be some fireworks around 11,111. :imskerd:

:dunno

[Spectrism]

Nice move today. I got short a bit late... wanted to see it move first. Hopefully it will drop til next week...

It almost reached 11,111 on the miniDOW I track....

[MNeagle]

11004.91 -139.66 1.25%

No PPT today?

[Spectrism]

11004.91 -139.66 1.25%

No PPT today?


Hahaha!! You noticed too!! Maybe they gave up on it. The market must really need a correction here and they will let it go for a bit. Or, maybe they want to see the money sump into Treasuries for a while.

[gunDriller]

maybe they just want to pump up the dollar a few points, to offset the dollar decline when they announce they just printed $1 Trillion.

[chad]

11004.91 -139.66 1.25%

No PPT today?


Hahaha!! You noticed too!! Maybe they gave up on it. The market must really need a correction here and they will let it go for a bit. Or, maybe they want to see the money sump into Treasuries for a while.


too early, wait until about 2 o'clock EST. we'll close down only about 30, then monday, BAM! back up 50.

[MNeagle]

They seem to be doing fine keeping it above 11K.

[MNeagle]

Oops, spoke too soon.

10979.37 -165.20 1.48%

[Spectrism]

Big change today: Goldman Sachs under investigation for fraud.

Hmmmm.... PPT was using GS to pump the market. Maybe they shut down the pump and said, "How dare you investigate us!"

Too big to fail is also too big to punish.

Notice the volume. Most we have had in 2 months.

[MNeagle]

Sinclair was right?! April 16.

[Spectrism]

If we see it close south of that channel, the show is on. If the PPT kicks it back up, we could see the bull continue a little further.

I expect that in the next few minutes- around 1330 EDT- that the action will kick back in. Volume should be higher than previous weeks- back to first week of Feb.

[chad]

there it goes, right on cue. 2:00 EST. up to 107 already. ::)

[gunDriller]

there it goes, right on cue. 2:00 EST. up to 107 already. ::)


so it looks like the PPT goes out to lunch, then comes back to the office & starts buying Dow stocks & S&P stocks & NASDAQ stocks.

what a job.

[Spectrism]

I wish there was a way to know how much money the govt has in the stock market. My feeling is that the market will stampede over the herders if the wind turns just right. The bulls have to be sacred before that happens.

VIX is still pretty low.... no fear.

Just think of how many herders it takes to control one dumb herd.

[Neuro]

it is interesting how a high VIX (volatility) correlates to a falling market... How come a rising market isn't associated with high volatility?

[Spectrism]

it is interesting how a high VIX (volatility) correlates to a falling market... How come a rising market isn't associated with high volatility?


some definitions-

VIX. An index designed to track market volatility as an independent entity. The Market Volatility Index is calculated based on option activity and is used as an indicator of investor sentiment, with high values implying pessimism and low values implying optimism. There are three volatility indexes in the Chicago Board Options Exchange which track the three main stock indexes: the VIX is the most widely used, tracking the S&P 500, but there also is the VXN which tracks the Nasdaq and the VXD which tracks the Dow Jones Industrial Average.


Created in 1993 by the Chicago Board Options Exchange (CBOE) the Market Volatility Index (VIX) measures the volatility of the market and is used to determine risk. Traders use the VIX as a general inverse indicator of market volatility and sentiment. The VIX is the implied volatility on the S&P 100 (OEX) option, calculated from both calls and puts that are near the money. Normally the VIX has an inverse relationship to the market, which means that a rising stock market carries less risk and a declining stock market carries more risk.


The first VIX Index was introduced by the CBOE in 1993 and was a weighted measure of the implied volatility of eight S&P 100 at-themoney put and call options. In 2003, it was expanded to use options that were based on a broader index, the S&P 500 Index, which provides a more accurate picture of investors' expectations of future market volatility. VIX values that are greater than 30 generally are associated with a large amount of volatility as well as greater investor fear and uncertainty. VIX values below 20 generally signal less volatile times for the market.

Although none of the definitions come right out and say it, my guess is that there is a ratio of puts to calls (at same strike prices) in that calculation. Higher puts means higher ratio==> higher VIX

[Spectrism]

Are we ready for a plunge beast to start making tracks, or is the bull scaring the monster away? We seem to be hitting a resistance level. If this holds and we close lower today, this weakness could push us lower.... or just bounce around in the channel.

[FunnyMoney]

I don't think we're done with the reflation theme.

It seems there's enough money to bail out all the too bigs and line their pockets in the process. TPTB print fiat money, I don't think there's a limit to that. With taxes and fiat money machines - what more could you ask for? Nominal asset prices should rise prior to general prices in an inflationary theme.

[gunny highway]

could today be a good day to plunge?
11,027.28 -97.64 (-0.88%)
Real-time: 9:41AM EDT

[Spectrism]

could today be a good day to plunge?
11,027.28 -97.64 (-0.88%)
Real-time: 9:41AM EDT


This game is being played by the Goldman Sachs thieves. The chop up and down allows them to profit on every trade.

I have to wonder how much taxpayer-funded money is in the market right now.

[gunny highway]

i think the only way the market has gone up is because of taxpayer money. i just wonder how long they will maintain control. sooner or later the point of no return will be reached and we will see a plunge. what really gets me though is that we are dealing in fiction, fictional money, fictional interest and fictional debt. it was all just made up from nothing. the laws of nature say that it's impossible to create something from nothing. yet, here we are on the precipice of financial ruin because of something we just made up. worse yet most Americans are so lazy, ignorant and distracted by pointless sensationalism (as i was for a long time) that they don't even know what they should really be worried about, or what they should be downright upset about. it drives me crazy.

sometimes i can relate to Cypher in the matrix, "ignorance is bliss". then i come to my senses, of course. :)

http://www.youtube.com/watch?v=Z7BuQFUhsRM

[uranian]

my, what a huge surprise, it is recovering nicely. haven't seen that before, at all, no sirree.

[Buddha]

We are due for a huge drop. I don't play the markets at all and don't follow them much because I have no money. IT just ridiculous to me that the DOW and other indexes are so high 11,000 + DOW?!?!? Thats complete BS and not a reflection of reality.

I should post this in anecdotal economic field reports, but it fits here to. I have talked to a few people who are on unemployment and rather than find a job, they use the money to "day trade." My ex just got fired today from a large bank ( :D ) and her new boyfriend has also been unemployed for 6 months, he uses the money to "day trade" he among others. The ironic thing is that they will both be making more on unemployment than I am working, go figure ???

[uranian]

and we're 14 points, what a shocka!!!

[FunnyMoney]

The casino can have more chips than you can have resolve.


I know, the true one, by RMK, "The market can remain irrational longer than you can remain solvent."

Seriouly, I would recommend investing in honest money, it's at least ... honest.

[MNeagle]

a little plunging action today:


11078.29 --126.74 1.13%

Goldman Sachs related?

[randymatt]

a little plunging action today:


11078.29 --126.74 1.13%

Goldman Sachs related?


-213.95 -1.91%

[MNeagle]

Thank you. I thought we lost all the plungers at this site!!

[Spectrism]

Not sure if we will ever see the good ole days like 2008. I was prepared to cut my short positions until I had the dream Friday night. Monday came and I almost stopped out of my bigger positions. But I thought about the dream and held-

http://gold-silver.us/forum/index.php?topic=2940.0

This whole game is a house of cards resting on faith in a greater fool to come along and pay a higher price. When we get days like today- and put a couple or three together, the greater fool increasingly looks like the mug in the mirror. Panic could make this thing shake down.

The volatility is so bad that you cannot effectively use stop-loss limits. If I had set them, I would have been stopped out 3 times today. I think the market sentiment is over the top now, so any bad news will make the people jump out. I will hold my positions for another day.

[Spectrism]

Interesting interview with Harry S. Dent on GoldSeek radio.

http://www.radio.goldseek.com/players/dentplayer04.28.10.php

He is calling for the stock market to continue the rally - perhaps after a small correction... and then in July/August a major crash. DOW down to the 3000 level.

When he starts talking 2018 and 2020, I call BS as it won't go that far. Guessing what is coming 5 years out is a bit much.

[Spectrism]

We are getting plenty of volatility and a little fear creeping into the market. We dropped the previous day's gains. We could be in the closing leg of a head & shoulders formation.

If we see the white line broken and close below it, we have an interesting technical situation. Gotta get to the 1180 range.

[oldmansmith]

I still have a hard time believing that the lows of 08 won't be tested at some point. I always figured we'd get back to 10K on the dead cat bounce, but this seems long in the tooth. But what do I know, and what do I care, I will never buy a stock again.

Edit: What is a post here without numbers?

Dow 11,075.27 -92.05 -0.82%

[Spectrism]

I still have a hard time believing that the lows of 08 won't be tested at some point. I always figured we'd get back to 10K on the dead cat bounce, but this seems long in the tooth. But what do I know, and what do I care, I will never buy a stock again.


It sure is long in the tooth. I would love to be able to see where the money came from and its flows.

The money is not likely to go into bonds so this has been one source... flight from bonds. If interest rates rise, some of the money could be enticed back to bonds.

Right now I am just waiting for the next bit of news that shakes the world. Multiple choice question.... pick as many as apply:

a) New major war breaks out threatening oil lanes
b) Major terrorist attack on US soil
c) Katla errupts shutting down air travel over Europe & Russia
d) Major earthquake hits Missouri and many fear Yellowstone to blow
e) The truth about derivatives is revealed to the world
f) People realize the money system is built on false confidence
g) Major political figure is assassinated
h) Spain, Portugal & Ireland default
i) North Korea sinks another South Korean ship
j) Obama fails to bow again to the premier of China

[gunny highway]

i agree. just as the oil spill in the gulf "forced" the POTUS to reinstitute the ban on offshore drilling, some other major event in the world will "put pressure" on the markets forcing the .gov to intervene in our best interests. and as your list shows, it could be any one of those events.

[MNeagle]

Wake up plungers! :P


DJIA 10897.90 -253.93 -2.28%

[Horn]

Wake up plungers! :P


DJIA 10897.90 -253.93 -2.28%

[Dave Thomas]

Actually crude is down, due to Greece concerns.

Apparently 1/3 of Greece's workforce are government employees.

And they're pissed that they're losing 2 of their free payed holiday months. Yes that's right some Greek state workers get payed for 14 months work.

The retirement age for women is going form 60 to 65,

And the national sales tax is going from 20 to 23 percent.

God I wonder what their income tax rate is.

Who knew the Greeks were so into Socialism.

[Spectrism]

The opening bell is about to ring. Agains stocks are DOWN. They have broken the neckline of the sloppy head & shoulders.

Hmmm.... will they bounce back? Fear is coming into the market big.

[uranian]

nikkei down 3.3%:

http://uk.ichart.yahoo.com/b?s=^N225

[gunny highway]

Looks like we may see another triple digit plunge today. one can only hope.

10,810.83 -57.29 (-0.53%)
Real-time: 10:58AM EDT

[randymatt]

Dow 10,595.67 -272.45 -2.51%

Edit: 10 min later...

10,534.15 -333.97 -3.07%

Edit: 2min later...

Dow 10,456.61 -411.51 -3.79%

[Spectrism]

Any drop today? LOL.... ready for phase 2?

[Spectrism]

The story circulated as a PG- Proctor & Gamble mistake trade- was a lie!!!

Citi reported after hours that they found NO mistakes in their trades! There was NO erroneous key punch. Watch for another drop tomorrow!!

[Spectrism]

Futures market is down a bit.

Here is the S&P 500 futures....

[randymatt]

Will be watching the late show tonight: Nikkei 225

...and the late late /early show: FTSE 100

[Neuro]

Futures market is down a bit.

Here is the S&P 500 futures....

Gigantic drop with huge turnover, I believe that PPT will have a lot of work tomorrow. Probably they will be able to save the day without to much of spillage tomorrow, since it is Friday, but if it ends in the red we will probably see a very interesting Monday. Gold did incredibly well today totally decoupled from stock market DOW:Gold parity here we come! 1224 gold with 1.23 Euro= almost 1000€ gold, and we are still in the trading ranges of gold and Euro vs the dollar. I bet that gold will not go above a 1000 € just yet, may be a good idea to trade gold for Euro just under 1000 if it goes there.

[Spectrism]

Here is a trend trader analysis. He is pretty good.

http://www.youtube.com/watch?v=1vgWnPwF4F8&playnext_from=TL&videos=tKrnq6QGYX4&feature=sub


Here is the full vid-

http://www.thestockmentor.com/050610.html

[optionT]

Futures are all up about 1/2 % tonight. Everything back to normal, :-* :-*

[Neuro]

I think the PPT has threatened traders with execution if they fail to fulfill their patriotic duty of buying futures in the stockmarket tonight...

[Olmstein]

Futures market is down a bit.

Here is the S&P 500 futures....

Gigantic drop with huge turnover, I believe that PPT will have a lot of work tomorrow. Probably they will be able to save the day without to much of spillage tomorrow, since it is Friday, but if it ends in the red we will probably see a very interesting Monday. Gold did incredibly well today totally decoupled from stock market DOW:Gold parity here we come! 1224 gold with 1.23 Euro= almost 1000€ gold, and we are still in the trading ranges of gold and Euro vs the dollar. I bet that gold will not go above a 1000 € just yet, may be a good idea to trade gold for Euro just under 1000 if it goes there.


Hey Neuro, would 1000 euro gold get people's attention over there? Does the average European realize their currency is circling the bowl?

[the white rabbit]

Another day in the triple reds ?

[Dirty Harry]

Another day in the triple reds ?



You need a turban oh great swami....

DOWN 187...

[gunny highway]

10,252.41 -267.91 (-2.55%)
Real-time: 10:29AM EDT

[Spectrism]

Hahaha... I guess the fat fingers excuse ain't holding up!!!

Drop through the floor again!



VIX spiked higher than yesterday!!

Hold your hats.... PLUNGE!!!

[chad]

somebody pressed the B button again! :o

[randymatt]

somebody pressed the B button again! :o


I think most software nowadays has safegards for this...

http://i542.photobucket.com/albums/gg404/randymatt/B_or_M.jpg?t=1273359592

[1970 Silver Art]

somebody pressed the B button again! :o


I hope that there is no "T" button (as in Trillions) on the stock trading computer that gets fat-fingered. :ROFL:

[Spectrism]

With the failure of the "containment" attempt by BP, soon people will realize that this mess is bigger than Pearl Harbor.... bigger than 911..... bigger than the midwest dustbowl.

The shock will ripple through the Gulf states and punch Washington DC in the nutz. This is only the first of many shocks coming.

[gunny highway]

With the failure of the "containment" attempt by BP, soon people will realize that this mess is bigger than Pearl Harbor.... bigger than 911..... bigger than the midwest dustbowl.

The shock will ripple through the Gulf states and punch Washington DC in the nutz. This is only the first of many shocks coming.


with all due respect, i believe it will be us that is punched in the nutz. :o
that's okay, mine are numb from the constant barrage dealt to me by the .gov
i think i'm okay on this one. ;D

[1970 Silver Art]

With the failure of the "containment" attempt by BP, soon people will realize that this mess is bigger than Pearl Harbor.... bigger than 911..... bigger than the midwest dustbowl.

The shock will ripple through the Gulf states and punch Washington DC in the nutz. This is only the first of many shocks coming.


with all due respect, i believe it will be us that is punched in the nutz. :o
that's okay, mine are numb from the constant barrage dealt to me by the .gov
i think i'm okay on this one. ;D


The Washington DC Congress whores will continue to punch everybody in the "nutz" regardless of whatever happens in the Gulf. The oil spill situation in the Gulf will just be another reason for the Washington DC Congress whores to punch us in the "nutz" much sooner rather than much later.

[Neuro]

Hahaha... I guess the fat fingers excuse ain't holding up!!!

Drop through the floor again!

VIX spiked higher than yesterday!!

Hold your hats.... PLUNGE!!!


Yes a high volatility index seems to correlate very strongly with a falling market... Can someone post a chart of the VIX together with the DOW or S&P500?

[optionT]

Futures are getting slapped around again, down almost 1% across
the board.

[Ares]

Futures are getting slapped around again, down almost 1% across
the board.


A trillion dollars doesn't buy you much anymore.......

[optionT]

Yet again, the futures are down about 3/4 %! Even with the bailouts the markets are not going gang busters.

[gunny highway]

started to fall off a cliff around 3pm.
10,816.65 -80.26 (-0.74%)
Real-time: 3:25PM EDT

[Ponce]

Today............. -113.xx

[MNeagle]

[b]10659.68 -123.27 -1.14%[/b

[1970 Silver Art]

[b]10659.68 -123.27 -1.14%[/b


What a wonderful start to a wonderful Friday. :sarc: :sarc: :sarc: :sarc:

Hmmmm..........I wonder.........Will today will be "Fat Finger" Friday for the stock market?

[Spectrism]

A fine day for a plunge.

And BP broke the 47 barrier.... finally!

[mick silver]

is the gov running out of paper to keep the market up and running . i never tought of bp pulling the the markets down and taking every thing else with it but they have a big ass mess down there and it will cost us all . what would be a good and fast bet on the market right now .. something you can get in and out fast and make some money on

[gunny highway]

10,582.37 -200.58 (-1.86%)
Real-time: 11:21AM EDT

[Dirty Harry]

And again....

10,374.77 -136.18 -1.30%

[gunny highway]

Futures down 152 this morning. Gonna open low, but will it plunge after that is anyone's guess. got my fingers crossed. ;D

[randymatt]

and away we go...

Dow 10,265.94 -178.43 -1.71%

[MNeagle]

10195.50 -248.87 2.38%

[vacuum]

Dow 10,179.63 -264.74 -2.53%

[randymatt]

Dow 10,131.94 -312.43 -2.99%

Another FFT? ...(Fat Finger Thursday)

[Book]

In the first hour of trading, the Dow fell 286.73 points, or 2.8 percent, to 10,157.64. The broader Standard & Poor’s 500-stock index fell 34.15, or 3 percent, to 1,080.90. The Nasdaq composite index fell 74.36, or 3.2 percent, to 2,224.01.

In Europe, the FTSE 100 index of leading British shares was down 129.05 points, or 2.5 percent, while Germany’s DAX slid 178.99 points, or 3 percent. The CAC-40 in France was 123.91 points, or 3.5 percent, lower.

Worldwide.

:o

[Horn]

http://www.youtube.com/watch?v=YtER2E34Ptk

[randymatt]

Dow 10,092.12 -352.25 -3.37%
S&P 500 1,074.98 -40.07 -3.59%

http://www.markhoustonrecovery.com/images/upload/train%20wreck.jpg

[Spectrism]

Yeah baby! A good ole fashioned plunge.

[Olmstein]

http://www.youtube.com/watch?v=yUc3wd4It8g&feature=related

[randymatt]

Not to bad of a plunge day...

Dow 10,068.01 -376.36 -3.60%

[k-os]

Every time I go to the gym, the DOW goes down by a significant amount (200-400 pts).

I am not saying it's related, it's just a fact. Maybe it's inspiration from above.

[sunshine05]

What are they blaming it on today?

[k-os]

Stocks Slide on Fears Over Europe and Regulation (?)

Jobless Claims Jump, Leading Indicators Fall (?)

[Steal]

Stock market down hard, gold & silver down significant, dollar also down sharp. Where did everyone go?

[Spectrism]

Futures trading already have us poised for another down day.

Reading some credible analysts- a crash is anticipated today or Monday. Will it bounce? Maybe.

There are just too many bad things that can no longer be hidden. We are weaker than we were in October 2008. We have more debt. We have larger unemployment. States are in debt and some will default unless they commit to radical cuts- adding to unemployment. The stimulus plans were temporary doses with no sustainability. The bank bailouts ripped off the people while fattening certain friends of Obama and hid Goldman Sachs controllers. The leveraged worthless derivatives are unwinding.

Add in some disasters like earthquakes, volcanoes, BP-oil.... and I am sure a few more will soon erupt... and things are ready to progress into the next stage of the great tribulation.

[Book]

We are weaker than we were in October 2008. We have more debt. We have larger unemployment. States are in debt and some will default unless they commit to radical cuts- adding to unemployment. The stimulus plans were temporary doses with no sustainability. The bank bailouts ripped off the people while fattening certain friends of Obama and hid Goldman Sachs controllers. The leveraged worthless derivatives are unwinding.



http://4.bp.blogspot.com/_ucHLXiVwMEQ/R5EyOpriGYI/AAAAAAAAARw/9C_wVLIrXoA/s400/art_bailing_water_from_boat_hg_clr.gif

Yep.

:)

[Spectrism]

Another fat finger day? Down more than 200 over night. No good news coming out. Getting harder to spin the green shoots line. One of these days I expect to see Obummer get out there and totally go off script blaming Bush and whining about how people are just not cooperating by buying more junk. Then, back on script- all retirement funds to be funnelled into Treasuries and managed by the gov.

Time is accelerating. If you do not have a warp drive chronometer, you will be wondering why things are happening so fast. Time exists so that ecerything does not happen at once.

[randymatt]

Every time I go to the gym, the DOW goes down by a significant amount (200-400 pts).

I am not saying it's related, it's just a fact. Maybe it's inspiration from above.


k-os is going to the gym today?

Dow futures -207.00

[MNeagle]

And The Market Selloff Continues After Hours


Apparently the final several minutes of the day wasn't a long enough period to get in all the selling folks wanted to do.

As you can see, the new bear market continues after hours.

For a wrapup of what happened during the US trading day, see here.

http://www.businessinsider.com/and-the-market-selloff-continues-after-hours-2010-5#ixzz0otA3FLmf

http://static.businessinsider.com/image/4bfaf1aa7f8b9ac03d860200/chart.png



Just repeating this post here for the record.

[MNeagle]

9791.56 -275.01 -2.73%

As predicted. Now let's see the PPT scramble.

[Carbon]

9791.56 -275.01 -2.73%

As predicted. Now let's see the PPT scramble.


I bet it closes above -30.00

[1970 Silver Art]

Looks like the PPT is trying to "rescue" the stock market......Down "only" 199 points according to CNN-Money.com.

[mick silver]

uncle sam will step in and save the day ... our money at work for them

[sunshine05]

And notice how gold is steady, just under 1200. They can't let it go above that!

[jedemdasseine]

They need a lower market to hide price inflation of essentials (food, energy, etc) and price deflation of non-essentials.

Keeps the game going longer.

Keeps the dollar up.

It's all about capital destruction.

A lower market is a roundabout (and not-so-effective) means of devaluing the currency via velocity in the bond market and a means of revaluing real goods and services.

Moreover, it's capital destruction from a low- and no-interest rate policy.

This is where the monetarists got it wrong. You can't inflate that which is exhausted. See Hypertiger for further details.

The bond market feasts due to a lack of risk (QE, bailouts, etc), while commodities and equities suffer, due to greater risk.

But the bond market is still part of the sinking ship.

Capital destruction is inevitable, and the current interest rate policy is exacerbating it, and that's what we're witnessing.

[Kali]

It's going DOWn!

[k-os]

Every time I go to the gym, the DOW goes down by a significant amount (200-400 pts).

I am not saying it's related, it's just a fact. Maybe it's inspiration from above.


k-os is going to the gym today?

Dow futures -207.00


How did you know? :D

[k-os]

9791.56 -275.01 -2.73%

As predicted. Now let's see the PPT scramble.


I bet it closes above -30.00


Nicely done, Carbon. -22.82

BTW, I lied about going to the gym. I went to the beach and walked. I thought it would have the same effect. Now I know.

[MNeagle]

9791.56 -275.01 -2.73%

As predicted. Now let's see the PPT scramble.


I bet it closes above -30.00



ding ding ding!!! We have a winner!

10043.67 -22.90 -0.23%

[sunshine05]

Great job Carbon!

[Neuro]

Every time I go to the gym, the DOW goes down by a significant amount (200-400 pts).

I am not saying it's related, it's just a fact. Maybe it's inspiration from above.

The bankers got to have their pound of flesh, you pay for it at the gym, the rest at the stock exchange... :banrasta

[k-os]

Every time I go to the gym, the DOW goes down by a significant amount (200-400 pts).

I am not saying it's related, it's just a fact. Maybe it's inspiration from above.

The bankers got to have their pound of flesh, you pay for it at the gym, the rest at the stock exchange... :banrasta


Nice. They can have up to 10-15 lbs of flesh. And that's all!

[MNeagle]

Dow ends worst May in 70 years


NEW YORK (CNNMoney.com) -- Stocks cut losses but finished in the red Friday, ending a dismal month that saw the Dow Jones industrials suffer their worst May in 70 years, after a downgrade of Spain's debt reminded investors that Europe's economic woes continue.

The Dow Jones industrial average (INDU) lost 122 points, or 1.2%, after having been down as much as 186 points earlier in the session. The S&P 500 index (SPX) fell 14 points, or 1.2%, and the Nasdaq composite (COMP) dropped 21 points, or 0.9%.

more: http://money.cnn.com/2010/05/28/markets/markets_newyork/index.htm?section=money_markets&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_markets+%28Market s%29

[MNeagle]

After only 5 minutes:

10091.06 -164.22 -1.60%

PPT will be busy today.

[Neuro]

G'morning plungers!

Dow now Down 186 points. Getting close to 10k, a weak week finish below 10k would make the next week weak to methinks!

[k-os]

-234.36 (-2.29%) now, and I didn't even go to the gym today.

[uranian]

and gold is up...not so much in $, but nearly 2% in €:

http://goldprice.org/charts/gold_3d_b_o_EUR.png

[randymatt]

Dow 9,930.31 -324.97 -3.17%

[Spectrism]

Great entertainment watching a plunge when we have been expecting it for a long time.

[uranian]

mildly entertaining but we need another one of those 1000 point drops in half an hour to really get the popcorn out :D

[Neuro]

mildly entertaining but we need another one of those 1000 point drops in half an hour to really get the popcorn out :D

You Sir are spoiled rotten! ;D

[randymatt]

Dow 9,897.96 -357.32 -3.48%

[k-os]

mildly entertaining but we need another one of those 1000 point drops in half an hour to really get the popcorn out :D


Every DOW drop does seem a little boring after that day, doesn't it?


Edit: spelling.

[Neuro]

mildly entertaining but we need another one of those 1000 point drops in half an hour to really get the popcorn out :D


Everything DOW drop does seem a little boring after that day, doesn't it?

We may never see anything like that again in our lives, unless we get hyperinflation... Anyhow we got an end of the week solidly below 10k, so I think next week could be very bad... Though serious summer plunges are almost unheard of, I think we may be in for one now...

If you think I sound a bit vague with my predictions, it is because I am not rally sure about anything regarding the market any longer... But I do think it is likely that the plunge will continue next week. However since there are string pullers controlling the market it really is impossible to tell for sure... Heck maybe it always was...

I bought shares at the Hong Kong Stock Exchange two weeks before the Tianinmen Square massacre in 1989... Then at the day of the massacre the market plunged 30%, and the day after it plunged another 23%. It took 2 years before values were back to were we bought the shares. We sold a few days or so before desert storm in Iraq, we figured that stocks would plunge bad when war started... It didn't instead it surged for a couple of weeks especially in HK, probably up about 30% in a months time... We were 4 young guys who bought these shares together, we put in about a 1000 dollars each, a lot of money for us lads at that time, if we had bought a month later and sold a month later we would have tripled our original investment, instead we broke even... However I am pretty sure we never would have bought these stocks a month after the massacre at Tianinmen Square, if we hadn't done it before.

Good learning experience. The thing was that I had read in a business mag what a marvelous opportunity investing in HK would be, Possibly maybe someone 'knew' what was going to happen and decided to get the public to buy these shares, considering what I have learned from how Soros et al is doing business I wouldn't discard the possibility that he or someone did work with chicoms and the students to create the conditions that lead to the crack down on the square... Obviously you can make a fortune shorting a market that plunges 30% one day and 23% the next...

EPIC PROFITS!

[k-os]

As far as I am concerned the stock market is no different than gambling. There are professional gamblers who study poker, horses, football . . . and they bet based on a formula. Sometimes they win, sometimes they lose, but they shouldn't attempt to make a living out of it unless the profits are greater than the losses. I feel exactly the same about the stock market. It's a gamble. To me, it is not a place to "invest" retirement funds. It's a place to roll the dice, cross your fingers and pray.

Don't get me wrong, I enjoy gambling, but I'd rather do it trashed, with a bunch of crazy people in Vegas.

[Ponce]

Dow down 323+, it will be a very interesting Monday.

[uranian]

neuro, you remind me of my first foray into the stock market, pretty much as the dot com bubble burst i bought a few shares of lastminute.com. it was a hugely oversubscribed issue of shares, so i got a lot fewer than i'd planned (few hundred quid IIRC), they're still not worth what i paid for them a decade ago! can't recall last time i even saw them, paper shares these were. since learning that approx. half the market is naked shorts (aka shares that don't really exist), i have ever less reason to "invest" in promises to pay.

[MNeagle]

DOW Futures for Monday already 300 down! LOOK OUT BELOW!

http://money.cnn.com/data/premarket/index.html

[Steal]

DOW Futures for Monday already 300 down! LOOK OUT BELOW!

http://money.cnn.com/data/premarket/index.html


Thanks for the link ;)

[Spectrism]

DOW Futures for Monday already 300 down! LOOK OUT BELOW!

http://money.cnn.com/data/premarket/index.html


No- they haven't started trading yet. Those numbers are from Friday. Check back Sunday night.

[MNeagle]

DOW Futures for Monday already 300 down! LOOK OUT BELOW!

http://money.cnn.com/data/premarket/index.html


No- they haven't started trading yet. Those numbers are from Friday. Check back Sunday night.


SO sorry, still learning. Why the heck do they keep it up there then? Makes no sense to me!

[Kali]

Monday will be down or hardly no change. Tuesday or Wednesday it will be back up a good couple hundred points.

[optionT]

Damnnnn....DOW down 105 points. It's gonna be a blood bath tomorrow. :whip

[optionT]

......and the EUR/USD is at 1.1899, down .6%.

Lowest since 2006.

[MNeagle]

9816.49 -115.48 -1.16%

[k-os]

Did you notice it was all at the end of the day?

I get the feeling that everyone in the stock market is playing "hot potato".

[osoab]

Did you notice it was all at the end of the day?

I get the feeling that everyone in the stock market is playing "hot potato".


They ramped everything nicely up on the overnight.

The Nikkei ended down 3.8 percent or so.

Got to love Au and Ag today though. Not a lot of dollar weakness to cause the bump.

PHYS didn't seem to follow gold though. Anyone know why?

[MNeagle]

Teasing the 10K threshold again...


10010.72 -127.80 -1.26%

eta: 9972.78 -165.74 -1.63%

[Spectrism]

This is gonna leave a mark.

[Grand Master Melon]

Teasing the 10K threshold again...


10010.72 -127.80 -1.26%

eta: 9972.78 -165.74 -1.63%


I heard a guy on the radio this morning talking about how there were no fundamentals to support this drop. ;D

[uranian]

webbots FTW! a day late! -2.3% as we speak. seems gold was heralding this a bit too, if the past few months are a guide, it'll be back to safe haven status within a day or 2 while the dow plunge continues afresh.

[k-os]

Dow 9,890.10 -248.42 (-2.45%)

I am sure they'll pull it back over 10K before the end of the day.






I didn't go to the gym today, but I did walk four miles briskly on the beach.

[General of Darkness]

Dow 9,890.10 -248.42 (-2.45%)

I am sure they'll pull it back over 10K before the end of the day.






I didn't go to the gym today, but I did walk four miles briskly on the beach.


Pick up any tar balls?

[k-os]

Pick up any tar balls?


Nope. All clear on the tiny portion of the east coast I visited today. I thought I smelled oil at one point, but I think it was just some cheap perfume from a couple of young girls upwind of me.

[Twisted Titan]

http://www.dailyfinance.com/story/investing/stocks-drop-to-2010-low-as-consumer-confidence-dives/19535777/

[madfranks]

Dow 9,890.10 -248.42 (-2.45%)

I am sure they'll pull it back over 10K before the end of the day.



Nope, closed the day at 9870.30 for a drop of -268.22.

[madfranks]

Down another 100 pts today.

DOW 9769.90 -100.40

Are we done with 10,000 for the time being? Is now the beginning of the next big drop in the stock market?

[osoab]

Down another 100 pts today.

DOW 9769.90 -100.40

Are we done with 10,000 for the time being? Is now the beginning of the next big drop in the stock market?


That was some nice tankage @ the end of the day.

Was this mostly relating to squaring of books for end of Q2?

Futures are down about 100 for the DOW too.

http://www.eltee.de/futures.php

[synbi]

PPT been on a holiday, or have they gotten colorblind from having to deal with all this red ink?

[Horn]

Toto peeked around the outside on Monday.

http://joshtom.files.wordpress.com/2009/05/toto-exposes-oz.jpg

Market Plunges Off Late-Night Highs Into Tuesday Morning

http://www.futuresmag.com/News/2010/6/Pages/Market-Plunges-Off-LateNight-Highs-Into-Tuesday-Morning.aspx

[oldmansmith]

And Gold, that barbarous relic that pays no interest or dividends, sits there happily at $1242.00.

[osoab]

Toto peeked around the outside on Monday.



Umm, Isn't he talking about this past Tuesday?

[MNeagle]

9638.59 -135.43 -1.39%

[Dave Thomas]

Guess all those Census jobs got found out by the markets.

I'll give this dip two Jim Kramers:

http://www.youtube.com/watch?v=HGO-VUVdWyc

"Dick Fuld" LOL

[MNeagle]

10178.95 -180.36 -1.74%

[chad]

financial reform bill passed.

oh, i believe your little friends will find that the shield generators are quite operational when they arrive.

[1970 silver art]

DOW........Down 212.29 as of 1:19 PM.

[1970 silver art]

DOW........Down 231.97 as of 2:36 PM.

[1970 silver art]

DOW.......Down 253.81 as of 3:19 PM.

[MNeagle]

http://www.finviz.com/image.ashx?dow&rev=634148905013512366

[Kali]

It does this all the time. For decades.

I'll be waiting for a real plunge.

[oldmansmith]

In the last 10 years, the S&P is down about 25%, while gold is up about 300%. In real money (gold) terms, the plunge HAS been spectacular.

[MNeagle]

http://www.finviz.com/image.ashx?dow&rev=634166903612301624
Bump for today's plunge.

[k-os]

http://www.finviz.com/image.ashx?dow&rev=634148905013512366


Bump for today's plunge.


I've been so busy juggling plans and work and life (and of course, my time here), that I forget about the market. Even though I post here multiple times a day, I go many days without checking the price of metals. ???

[1970 silver art]

The plunge is off to a decent start.........

DOW......Down 136 as of 11:19 AM EST.

[1970 silver art]

DOW............Down 198.59 as of 10:38 AM

[Spectrism]

Massive head & shoulders in the making. Now we drop to under 9800 on the DOW (1050 SPX).

[General of Darkness]

DOW............Down 198.59 as of 10:38 AM


1970 I was going to bump this thread it's down -206 now. I wasn't expecting to see this because the Nikkei 225 took a bath at -258 yesterday, and when the Nikkei goes down the DOW always does something unexpected, and rarely follows the same course. ;)

[1970 silver art]

General of Darkness,

I really never know what will happen with this market. Honestly, I am surprised to see the DOW at the 10,000 range given that the economy and the job market are bad. I would think that it would be down much lower than 10,000 but maybe the ecomomic realities will eventually catch up with the DOW and bring it back down to where it should be.......much lower than where it currently is at.

[MNeagle]

http://www.finviz.com/image.ashx?dow&rev=634171224340156250

[General of Darkness]

General of Darkness,

I really never know what will happen with this market. Honestly, I am surprised to see the DOW at the 10,000 range given that the economy and the job market are bad. I would think that it would be down much lower than 10,000 but maybe the ecomomic realities will eventually catch up with the DOW and bring it back down to where it should be.......much lower than where it currently is at.


You know, I'm convinced that the stock market in general is currently working at squeezing the last few drop of blood out of the turnip, and I wouldn't be surprised to see to 5K point drop in one day before the end of the year.

[MNeagle]

Taleb Says Government Bonds to Collapse, Avoid Stocks

Nassim Nicholas Taleb, who warned that unforeseen events can roil markets in “The Black Swan,� said he is “betting on the collapse of government bonds� and that investors should avoid stocks.

“I’m very pessimistic,� he said at the Discovery Invest Leadership Summit in Johannesburg today. “By staying in cash or hedging against inflation, you won’t regret it in two years.�

Treasuries have rallied amid speculation the global economic recovery is faltering, driving yields on two-year notes to a record low of 0.4892 percent today. The Federal Reserve yesterday reversed plans to exit from monetary stimulus and decided to keep its bond holdings level to support an economic recovery it described as weaker than anticipated. The Standard & Poor’s 500 Index retreated 16 percent between April 23 and July 2, the biggest slump during the bull market.

The financial system is riskier that it was than before the 2008 crisis that led the U.S. economy to the worst contraction since the Great Depression, Taleb said.

In February, he told a conference in Moscow that “every single human being� should bet U.S. Treasury bonds will decline. It’s “a no brainer� to sell short the debt, he added. Since then, 2- and 10-year notes have rallied.

http://www.bloomberg.com/news/2010-08-11/-black-swan-author-taleb-says-he-bets-on-collapse-of-government-bonds.html

[k-os]

General of Darkness,

I really never know what will happen with this market. Honestly, I am surprised to see the DOW at the 10,000 range given that the economy and the job market are bad. I would think that it would be down much lower than 10,000 but maybe the ecomomic realities will eventually catch up with the DOW and bring it back down to where it should be.......much lower than where it currently is at.


You know, I'm convinced that the stock market in general is currently working at squeezing the last few drop of blood out of the turnip, and I wouldn't be surprised to see to 5K point drop in one day before the end of the year.


I think they have safeguards against that happening in one day.

[Fudup]

General of Darkness,

I really never know what will happen with this market. Honestly, I am surprised to see the DOW at the 10,000 range given that the economy and the job market are bad. I would think that it would be down much lower than 10,000 but maybe the ecomomic realities will eventually catch up with the DOW and bring it back down to where it should be.......much lower than where it currently is at.


You know, I'm convinced that the stock market in general is currently working at squeezing the last few drop of blood out of the turnip, and I wouldn't be surprised to see to 5K point drop in one day before the end of the year.


I think they have safeguards against that happening in one day.




I am pretty sure you are right. The markets would close early and restart after the plunge protection team injected as much money into the market as they could scrounge up to try to slow the complete collapse. Can't do it all at once, there might be some currency left on the table. :P ;D

[chad]

it'll magically recover 200+ points 15 minutes before close today or 5 minutes after tomorrow's open. ::)

[Ares]

it'll magically recover 200+ points 15 minutes before close today or 5 minutes after tomorrow's open. ::)


I've always wondered and maybe you or someone can chime in here. But how the hell can the market move 200 - 300 points in either direction and yet have 0 volume?

[Spectrism]

it'll magically recover 200+ points 15 minutes before close today or 5 minutes after tomorrow's open. ::)


I've always wondered and maybe you or someone can chime in here. But how the hell can the market move 200 - 300 points in either direction and yet have 0 volume?


Low / no volume is the best time to pump it. It is not volume that makes prices but trades.

Let's say I start with 1000 shares of JNK stock at $30. That is $30,000.
If nobody is trading, I can offer my stock in small volumes (10 shares each group) at $30, $32, $36 and $40.

If there are no other sellers, I can buy from myself on another account and drive this stock to $40. Now I have 1000 shares in my pocket that are worth $40 each and it cost me nothing. I gained $10,000 manipulating the market.

When the pump monkeys do this, they can keep buying enough to bump the prices on a broad selection of stocks. After hours or slow times is their best place to do this unless they can get a zombie rally started during the day.

[MNeagle]

http://www.finviz.com/image.ashx?dow&rev=634178115670375000

[Spectrism]

The technicals and fundamentals say this market will crash. The problem, though, is that this market is not free. It is manipulated by the PPT via various brokers like Goldman Sachs.

Also, the printing of money (federal reserve taking paper in exchange for FRN paper) has gone beyond previous lines in the sand. Either the system implodes or they pump money into key visibilty influencers, like market pumpers. The supply of new money will hit the co-conspirators first and then trickle through the market as the dollar devalues.

It is possible for us to see the market rally in terms of dollars, while being absolutely worthless.

[MNeagle]

Let's see the battle to keep the Dow above 10K this week:

http://www.finviz.com/image.ashx?dow&rev=634182406885687500

[chad]

1,030.

i'm expecting some miracle at 2:45, and we'll close up 250! :oo-->

[MNeagle]

It was there for a milesecond!!

9996.18 -178.23 -1.75%

[Book]

http://www.youtube.com/watch?v=Z_rShZA_IjE

http://www.youtube.com/watch?v=LZuJqrcwrEU

Tony Robbins is crashing the Stock Market with his doomer warning...lol.

:D

[Neuro]

The fall season is approaching I wouldn't be surprised if we saw DOW:Gold below 5 by December

[MNeagle]

Goodbye Dow 12K:

http://www.finviz.com/image.ashx?dow&rev=634318172647873750

Note for archives: Egypt unrest in the second day.

[Spectrism]

I think the PPT has made it clear that they can stuff this market up with printed FRNs until the end of the world. There is no "free market" to it at all. Everything is controlled. So, if it crashes, it crashes BECAUSE they want it to. They are thieving bastards.

[osoab]

BTFD!

[mick silver]

i see silver and gold up today ...

[MNeagle]

wow, hard to believe this thread hasn't had any action in a few months!!

Here's some recent doom for everyone:

http://www.finviz.com/image.ashx?dow&rev=634358826644062500

[Neuro]

Damn it I have a hard time being excited about this plunge, now...

[MNeagle]

http://www.finviz.com/image.ashx?dow&rev=634417399717968750

12,347.28 -164.76 -1.32%

Not even 5 minutes open!

[Spectrism]

The market is so manipulated, that the only moves are when the big players get their bets on the right side to rip off the little guys. HFT is always winning- up and down.

Technical analysis does not work anymore. Fundamental analysis is impossible with cheating accounting practices.

[gunDriller]

Damn it I have a hard time being excited about this plunge, now...


true. these 1% drops are a little boring.

do we hear 3.5% 3.5 3.5 3.5 3.5 ...

> 3.5 !

yes, do we hear 4% 4% 4% 4%

> 4.0 !

YES ! ladies & gentlemen, we have 4%, do we hear 4.5, 4.5, 4.5, you can do it, short sale today, GO BIG, 4.5 4.5 4.5, YES !


heck, i'd just as soon have a skilled auctioneer manage the downticks as Uncle Shylock.

[MNeagle]

http://www.finviz.com/image.ashx?dow&rev=634473788211318750
http://www.finviz.com/image.ashx?dow&rev=634473788211318750

Just a bump as Dow nears the 12300 basement...

[Spectrism]

Today it seemed like the pump monkeys were sent home. The market has been so fake over the last 2 years+ that it has been like eating cardboard steak and plastic fruit.

They faked it so long that when it really does crash, it should make a big splash. I have no sympathy for those I told to get out of the market. I only hold a few put options.

[Neuro]

http://www.finviz.com/image.ashx?dow&rev=634473788211318750
http://www.finviz.com/image.ashx?dow&rev=634473788211318750

Just a bump as Dow nears the 12300 basement...

Basement? That is pretty close to the ceiling, IMO... Thanks for bringing back this ole thread though, which was a continuation of a very posted thread at GIM. 2008 brings tears to my eyes, days when you saw amazing plunges, followed by three percent recoveries, only to be outdone with a greater plunge before the closing of the bell. I think we may have days like that upon us soon actually. Raise da det ceiling, without any federal reserve monetization, and all hell will break lose.

This mini plunge may just be the precursor of what will happen. My bet is that they will agree on raising the taxes on the ultra-rich (which the ultra-rich will get out of through loopholes), and cutting some benefits, which will hurt the middle class (which they will not get out of)...

Once this package is through the debt ceiling will be raised and $600 B will be taken from the bloated market in a months time... Then PLUNGE TIME!

[osoab]

ES Volume Surges At Close As $3.3 Billion Sale Hits The Tape (http://www.zerohedge.com/news/es-volume-surges-close-33-billion-sale-hits-tape)



It appears someone rather big just couldn't wait until the debt ceiling resolution was found, and instead decided that defection is the better part of a ponzified game theory. As such, just after the last second of trading, they dumped about $3 billion worth in ES. In the last tick, or just after, over 65k contracts of ES were sold at $50k per. Obama better find a resolution tomorrow or this dumpathon will be a humble appetizer of what is coming up.

That will move the market.

[Jersey Thursday]

Ironically, on the day this thread was started (April 7, 2010) the DOW was 10,897.52 and the S&P 500 was 1,182.45.
At the end of today, we have a Dow of 12,302.55 and the S&P 500 is 1,304.89.

That being said, I expect the Dow under 10,000 by fall. The the economy tumbling into deflation seems more likely then the chances of dramatic inflation. This also doesn’t bode well for PM prices either.

[Spectrism]

Ironically, on the day this thread was started (April 7, 2010) the DOW was 10,897.52 and the S&P 500 was 1,182.45.
At the end of today, we have a Dow of 12,302.55 and the S&P 500 is 1,304.89.

That being said, I expect the Dow under 10,000 by fall. The the economy tumbling into deflation seems more likely then the chances of dramatic inflation. This also doesn’t bode well for PM prices either.

The federal reserve has an endless supply of "money". They can buy as many stocks... all the stocks... as they want. Part of Bernanke's plan to make all look well is to keep the stock market from crashing. That is number ONE on his list. Does anyone think Bernanke will suddenly change his plan by letting the stock market crash?

Interest rates. The federal reserve can buy all the treasury bonds and keep interest rates for govt borrowing near zero. This is number TWO on his list.

When we do see a crash, you can THEN be assured that they are ready to usher in the new global system, and that they think they have all the important loose ends tied up. The totalitarian government we will see will make the old Soviet Union with its KGB look like liberty highway. Clamaities and crises will be the keys to open up the "need" for the brave new government.

[Jersey Thursday]

The federal reserve has an endless supply of "money". They can buy as many stocks... all the stocks... as they want. Part of Bernanke's plan to make all look well is to keep the stock market from crashing. That is number ONE on his list. Does anyone think Bernanke will suddenly change his plan by letting the stock market crash?

Interest rates. The federal reserve can buy all the treasury bonds and keep interest rates for govt borrowing near zero. This is number TWO on his list.

When we do see a crash, you can THEN be assured that they are ready to usher in the new global system, and that they think they have all the important loose ends tied up. The totalitarian government we will see will make the old Soviet Union with its KGB look like liberty highway. Clamaities and crises will be the keys to open up the "need" for the brave new government.

All good points. But short term, we have the failure of the Federal Government to stimulate the economy (no surprise). Thus, the chances of dramatic inflation (keeping the marked propped up) in the short term future are also diminished. Enter in its uglier sibling, deflation. The declining broad market is an indication of this risk.

[Spectrism]

All good points. But short term, we have the failure of the Federal Government to stimulate the economy (no surprise). Thus, the chances of dramatic inflation (keeping the marked propped up) in the short term future are also diminished. Enter in its uglier sibling, deflation. The declining broad market is an indication of this risk.

By your reply, I see you still believe that there are rules to be followed. I believed that from 2007 to 2009 and lost a ton of money as the markets were manipulated.

Yes- if the laws were followed by the government and if we had a free market, deflation would suck everything dry. We are seeing an implosion of money supply from traditional sources. Real estate is still crashing. Businesses are not borrowing. Banks have restrictive lending.

But the criminals-in-charge are able to pump their fake money directly into the markets. They are able to buy up assets, secondary market bonds, and junk paper from banks to keep the system inflated with unaccounted FRNs. Just what is owned by the federal reserve? Where have they been giving money out? We have no way of knowing.

[Spectrism]

There is an erie feeling, as if people are waking up to the fake money system. While driving today, I heard Rush Limbaugh talking about how all the FRN money is fake. People are learning that the fake money is not production and it is not wealth. With all the fake shows being played, we still have losses of businesses, manufacturing, jobs, liberty... real wealth.

I think this could prompt a fair number of people to close out their retirement funds and pull them from stocks & bonds. Hmmm.... the markets are doomed.

The political scounrels got their raised debt ceiling and still the stock market drops. DJI now at 11,949 and it looks like the mood is downward. Maybe they just sent the pump monkeys on vacation, or maybe the pump monkeys went on strike for more pay. Here's one of them....
http://dailybail.com/storage/BankingCEOTestifyBeforeHouseUseTARPFSnYaPqxm-ul.jpg?__SQUARESPACE_CACHEVERSION=1245315729849

[Libertytree]

Wow! Rush said the FRN was fake? That blows my mind, I'm literally speechless.

[Spectrism]

Wow! Rush said the FRN was fake? That blows my mind, I'm literally speechless.

I know... he must have been talking about it for 5 minutes. He said all the moiney is fake.... the TVs, the cars, they are not fake, but the money is. Its almost like he is just starting to figure it out himself. Once they see the federal reserve exchanging paper with the treasury, what else can you call it?

[Spectrism]

A 2.19% drop today (close 11,866 a drop of 266 pts).... feeling like the good ole days. I can't wait to see what the next rabbit is that they pull out of the hat. Each time, that rabbit gets uglier & meaner.

We went from this-
526

To this-

527

[Libertytree]

528

[mick silver]

The building blocks of a gold price parabola are slowly being put into place. Today, I want to show you how the stock market plays into the parabola. Both the Dow industrials and the transports have both lost upwards momentum and are on the cusp of crash season (the months of September and October).
The remaining public stock market investors took an axe chop to the “crisis is over” face, with President Obama’s statements that America’s government stood on the doorstep of default on its debt. While default has been avoided for now, the incident has killed public interest in flowing liquidity into the stock market.


I want you to take a very hard look at this monthly Dow chart that shows the market action from 1997 to date. Click here now (http://www.gracelandupdates.com/images/stories/AMJ11/2011aug2dow1.png) to view what I think is substantial “gold parabola fuel”.


Note the three blue boxes that I have highlighted. Some of you may recall my Dow 9,000 to 11,500 “shorting PGEN”, where I advised using my pyramid generator as price rose into the 3rd blue box area, on the right side of the chart.
The reason the 9,000-11,500 area is so important on the Dow chart is not because of any technical lines or oscillators, but because that price box is the zone where the public came into the market in 1999.


The public didn’t just enter the market in the late 1990s. They engaged in one of the greatest and most lobotomized price chases of all time. Pensioners were blowing out their government bond portfolios to load up on Nortel and Cisco. Mom and Pop were getting loans against their mortgaged home to buy more stock and mutual funds.
Nobody asked who was selling to the public, or why. As the banksters and insiders unloaded gargantuan amounts of stock onto Elmer Fudd Public Investor, the market began to lose momentum, as is happening now. The public booked losses into the lows of 2002 and 2009, and as the market rallied back to the 2nd Dow 9,500-11,500 box.
They wanted to “get out near break-even”. There is a still a lot of stock held by the public that was bought in the Dow 9,500–11,500 area. That price box is “home base” for the public. I believe we are at a point in terms of public psyche, where a fall back to that key price zone would cause a sort of “grand throwing of the white towel” event amongst the public.


There’s only so much time and price in the underwater zone that a public investor can endure. Many are beyond retirement age now, and believe they “can’t take another hit”. Emotionally, I don’t think they can.
The banksters know how the public investor feels right now. The public has a history of being on the wrong side of all major moves in any market. While anything and everything is possible, I don’t believe the Dow is going to blow out the March 2009 lows around 6,500. I do think it could decline back into the 9,500 – 11,500 zone for a 4th play there, one that would “seal the deal” on the public’s stock market foray.
The public is already nervous right now. What happens if the market drops thousands of Dow points from here? The answer is that the public would move into cash and perhaps bonds, and they would do it in size. Their stock market “marked to 15-20% gains a year forever model” pipedream would finally be buried in a marked to market coffin, in the Dow 9,500–11,500 zone. Since their own stocks have generally performed much worse than the Dow, that final exit would likely be one of substantial loss booking.


The US dollar has to be substantially devalued to make even a portion of the OTC derivatives and unfunded liabilities debt manageable. It makes sense that the public would abandon the stock market and go “all-in” on the dollar just in time for a dollar crisis to explode on the world financial stage.
One company after another is cutting employees and earnings estimates. The 2nd half of 2011 was supposed to bring almost 3% in GDP growth. Prospects for achieving that goal are dimming fast. All signs are pointing towards a bankster move to herd the public into a near 100% cash and bonds positioning.


At the beginning of the year in 1979, gold was trading around $200. About a year later price had quadrupled to about $800. I expect the price of gold to repeat that type of parabolic action, as unprecedented institutional liquidity flows out of the US dollar begin to occur. My ultimate gold price target of $6000 is about 4 times the current gold price, something to keep in mind.
Many investors in the gold community have tried to leverage what gold could do, using silver and gold stocks. Because we are in a crisis, assets will be violently bought and sold in size by institutional players using computer algo trading systems. Silver, for example, has already experienced a major bear market within this crisis, when price crashed from about $21 to under $9. That type of price action is not a “correction”. It is a bear market.


A new bull market was since reborn for both silver and gold stocks, but don’t think you can outperform gold with silver or gold stocks in this OTC derivatives-based crisis….without taking some serious kicks in the financial head on the downside. Focus on enduring those kicks in the head, because you are not going to avoid them, despite what the timers are telling you. At some point, I think silver disconnects from gold and implodes, while gold sits there watching the action with a smile. I think it happens at prices far above $50 an ounce, but I think it happens.


It’s very important to carry at least 20% cash in your accounts, if you are active in the gold and gold-related markets. The other 80% will make you more than enough profits if the 20% cash position goes off the board.


If the dollar starts a new leg down, institutions will go into a state of near-panic, and they will be looking towards the major banks, Tim Geithner, and Ben Bernanke for guidance. Institutional liquidity flows stand to become very violent in nature from here on in, and a barrage of price surprises could cause you to panic. You don’t need a lot of gold-related items to make a lot of dollars in a parabolic move, but you need to keep solid levels of cash in your accounts to keep you from feeling “my account is going to zero!”, and selling out, as the markets begin to display huge whipsaws of price action.


Be very careful about playing master trader with trend channels. Focus on horizontal support and resistance if you want to take “enhanced” liquidity flows action. Click here now (http://www.gracelandupdates.com/images/stories/AMJ11/2011aug2dow2.png) to view where a conservative Dow investor would begin a buy program and end it. The black HSR line denotes horizontal support, and that is the where I believe the public enters liquidation mode.


You want to buy what the public sells, particularly when they do it in size. At minimum, you must avoid taking any action they are taking. Note that the larger buys extend below the support at 9500. The buy pyramid (pgen) ends about 8900-9000, so you catch what is sold by “team stop loss” if support at 9500 fails.


Gold rises to $1635. GDX rises to $62. Gold declines a bit and GDX tanks. Gold rises back towards $1635 and GDX wallows around $57. Your individual gold stocks in many cases are below the highs of 2006! Between trips to the vomit bag, I want you to understand that there must be no limit to what you can endure on the horrific front lines of this gold stocks battlefield.


You are in the gold stocks gulag and the winners are the survivors with the most intestinal fortitude. All other schemes to gold stock riches lead to the garbage can, and the only question is, are you onside? Picture yourself tied to a chair while a bankster-financed hedge fund manager tortures you. Why? Because that is the reality of where you are, right here, right now.
You don’t predict yourself out of the chair, you endure your way out of it.


Click this key GDX chart (http://www.gracelandupdates.com/images/stories/AMJ11/2011aug2gdx1.png) now. Notice the 3 big blue HSR lines. Price is gyrating around the first one now, in the $56 area. The next one down sits at about $44. The 3rd one down sits at about $28. I’m not trying to freak you out. Nobody knows where price is going, but the grown-ups can take action at these key support areas, while the kiddies will liquidate. At minimum, don’t liquidate. Do I think price is going to $44? No, but it is possible. Look on the upside. Price could blast up through the $64 area and turn that party pack of a price zone into your key buy area. Gold is $1635 as I send this off. I’m about as worried about the ultimate picture for gold stocks as I am about a dollar fly on a block of gold bullion. Worry less, respond more, so you…get richer!
Aug 2, 2011
http://www.321gold.com/editorials/thomson_s/thomson_s_080211.html

[Jersey Thursday]

Expect a rally for a few days and then an ugly August-September.
Even if all you have are mining stocks, now would be a good time to re-evaluate your positions. Typically, a “plunge” takes all the equities with it.

[Dogman]

So far the Dow has lost eight days in a row.

Debt legislation brings no comfort to Wall Street

Stocks sink; S&P 500 sell-off erases 2011 gains



Posted Aug 2, 2011, 6:09 pm


Global Post




There was finally a debt vote, and the president signed legislation to raise the debt ceiling Tuesday, but it didn’t stop the U.S. stock market (http://money.cnn.com/2011/08/02/markets/markets_newyork/)from sliding farther down, as yet another economic report revealed how weak the economy is.
Tuesday’s declines wiped out the 2011 gain for the Standard & Poor’s 500 Index, CNNMoney reports.


The S&P 500 lost 33 points, or 2.6 percent, to close at 1,254. The Russell 2000 Index of small companies dropped 3.3 percent, also erasing its 2011 gain. The Nasdaq Composite declined 75 points, or 2.8 percent, to 2,669. The Dow Jones industrial average (http://www.bloomberg.com/news/2011-08-02/u-s-stock-index-futures-retreat-on-concern-economic-recovery-is-faltering.html) fell 265.87 points, or 2.2 percent, to 11,866.62, it’s lowest level since March 18, Bloomberg reports. The Dow has now declined for eight days in a row, which is the longest slump since October 2008.


All 30 stocks in the Dow lost ground, NPR reports. General Electric Co., Pfizer Inc., Home Depot and United Technologies Corp. posted losses of 4 percent or more.


The report that sent stocks tumbling today came from the U.S. Commerce Department (http://www.npr.org/2011/08/02/138935412/stocks-slump-as-concerns-about-economy-grow). Its figures showed that Americans cut spending in June for the first time in almost two years. Analysts had predicted a slight increase in spending. In addition, incomes grew at the slowest pace since November and the savings rate increased.


On Monday, a report showing low levels of manufacturing activity prompted investors to sell off stocks.
“Now that we’ve moved past the debt ceiling fears, people are really focused on growth,” Mark Bronzo, a portfolio manager at Security Global Investors in Irvington, New York, told Bloomberg news. “We’re in this period where people don’t love the stock market. They think economic growth is slow. So, there’s a flight to safety.”


"The market is starting to wonder where the growth is going to come from," said Nick Kalivas, a vice president of financial research at MF Global, told NPR. "It hasn't hit the panic button yet, but that's where we're drifting."
Global markets were gloomy, too. Britain's FTSE 100 fell 1 percent, the DAX in Germany dropped 2.3 percent, and France's CAC 40 slipped 1.8 percent. The Shanghai Composite dropped 0.9 percent, the Hang Seng in Hong Kong tumbled 1 percent and Japan's Nikkei lost 1.2 percent.


http://www.tucsonsentinel.com/nationworld/report/080211_debt_stocks/debt-legislation-brings-no-comfort-wall-street/

[MNeagle]

11617.05 -279.39 -2.35%

http://online.wsj.com/home-page

[mick silver]

i wonder if this is helping the drop were seeing today ... http://www.telegraph.co.uk/finance/financialcrisis/8677989/Europes-money-markets-freeze-as-crisis-escalates-in-Italy-and-Spain.html

[chad]

-349. holy smokes.

[MNeagle]

Where's the money fleeing to? Doesn't seem to be gold atm...

[Dogman]

Where's the money fleeing to? Doesn't seem to be gold atm...

Big "mattress"?

http://www.sillylobster.com/m_pictures/thumbs/money-under-mattress-353445.jpg

[MNeagle]

Industrial money

not us little guys

The BIG movers/shakers of the market (G/S, JPM, Chase, etc.)

[Dogman]

Industrial money

not us little guys

The BIG movers/shakers of the market (G/S, JPM, Chase, etc.) Understand fully, The same may also apply in a way here. The industrials maybe selling and not reinvesting at the moment. Sort of save what they can and then hold until they get a ideal of what to do??

My best guess!

[undgrd]

DOW Down 357pts (3%)

Had to post so something other than Joe threads were on top.

WAKE UP PEOPLE!!!!

[Libertytree]

-444.00

[Dogman]

-467.88

Dji

-4.02

[chad]

days like today make me wish i had tv, so i could watch cnbc.

[JDRock]

hahahahaaaaaa.....bastids.....

[Dogman]

days like today make me wish i had tv, so i could watch cnbc. Shit mon all of the msm is going ape shit right now.

-500

[cpy911]

Call me crazy, but I found some spare change and picked up a little bit of silver today.

[platinumdude]

Closed down 512 for the record.

[Dogman]

It maybe a total fubar event, overnight and tomorrow.



Edit: Wonder how long it will it take the sleaze bags to get
called back to Washington if this gets worse.

Claiming they had nothing to do with helping to create this
mess, by the clown act they did with the default bullshit.

I am betting less than a week or so!

[Joe King]

-467.88

Dji

-4.02




http://www.youtube.com/watch?v=1aXpty_1xo4&feature=related

[Silver Rocket Bitches!]

So much for the "recovery."

[LuckyStrike]

So much for the "recovery."

No you are wrong Timmy Geithner says "Welcome to the Recovery" http://www.nytimes.com/2010/08/03/opinion/03geithner.html

What a lying shitbag.


What a lulzy day in the market which is now down 7% in one week. Stable markets in industrialized countries do not behave this way, the US is getting ever closer to the end of it's rope, maybe they will be able to kick the can a little further (I'm surprised they have kicked it so far) but as we all know at some point the piper gets paid and he may be about to collect.

[mick silver]

has the over seaa market open yet if so are they taking a hit down ?

[AndreaGail]

wheres the popcorn smiley when you need it :)

[Dogman]

wheres the popcorn smiley when you need it :) Here.

http://www.gifmania.us/food/popcorn/popcorn4.gif

[mick silver]

Stocks dive; Dow off 513 points, worst since 2008 ... http://www.marketwatch.com/story/stocks-dive-dow-off-513-points-worst-since-2008-2011-08-04?link=MW_story_latest_news

[mick silver]

Brazil’s stock market drops to join a global selloff, with its benchmark index suffering its biggest one-day percentage loss since 2008 to close at a two-year low

[platinumdude]

# Nikkei 225
# 9,271.50
-387.68 ( - 4.01%)

[gunDriller]

has the over seaa market open yet if so are they taking a hit down ?

http://www.bloomberg.com/markets/stocks/world-indexes/

Aussie markets open at 5 or 6 PM Pacific time.

HOLY MOSES. the carnage/ correction continues. down 4% ! i think it's Friday morning for them.

[Joe King]

It's only 5%, what's the big deal?

If it keeps going it'll just provide the "excuse" for QE3 or one of its derivatives that we already know they are looking for. Ho-hum.

[Neuro]

I knew it! Gold has held up very well so far though. Keep your cash for a while longer, if you have it, we wk
will get QE3, but it may take a few weeks, and until it comes it will be murder at the markets...

[Ash_Williams]

Oh QE3 is coming for sure.
How long can it keep coming though? Every time the last QE starts to wear off we get another one?
Years and years of recession and bailouts.

We thought the shit would hit the fan but instead it's just kinda building up slowly on the fan. Still stinks though.

[Spectrism]

That they allowed this to happen is what concerns me. The pump monkeys could have stopped this. They are letting the market ripple for a reason. It might be time for them to create another crisis to advance the plan. When the people are in free fall from a high place, they will gladly put the noose around their own necks thinking it will save them when the rope pulls tight.

[Neuro]

Oh QE3 is coming for sure.
How long can it keep coming though? Every time the last QE starts to wear off we get another one?
Years and years of recession and bailouts.

We thought the shit would hit the fan but instead it's just kinda building up slowly on the fan. Still stinks though.
The bankers wants a period of extreme deflation now it allows them to increase their profits from the working stiffs!

[LuckyStrike]

That they allowed this to happen is what concerns me. The pump monkeys could have stopped this. They are letting the market ripple for a reason. It might be time for them to create another crisis to advance the plan. When the people are in free fall from a high place, they will gladly put the noose around their own necks thinking it will save them when the rope pulls tight.

I agree, although I still find the timing odd considering the debt deal. I would imagine they would've delayed the debt deal for a week let the market blow off 10% or so, get support behind the debt deal, then pump the market up 15% and act like heroes.

OTOH, we all know the markets are manipulated but it seems to me as though the market is more concerned about the US debt crisis than they are about anything else. I know that's me personally, there are a lot of companies who have solid fundamentals but it's certainly hard to navigate when with such huge leverage babies get thrown out with bathwater. Interesting times to say the least, I tightened some stops on a few of mine since I have no confidence on this market without huge injections. To me this is what the market looks like without life support, pure crap.

I was just looking through some of my stocks on my watchlist and came across HCA, a company I bought at the IPO, and came to GSUS recommending, I made 10% it hit resistance went sideways and by providence or luck I decided to move into something else that paid a dividend, thank God I did it's nearly 40% off where I sold it.

[Joe King]

I have no confidence on this market without huge injections.

IMHO, perhaps you should cash-out, now.

[vacuum]

My company's stock was down about 30%. I lost about $1200 (if I sell tomorrow).

[platinumdude]

down another 60 to 11,324. I bet they try to pump it back up at the close.

[mick silver]

i dont see it going up till we give the banks some more paper , they need it to buy up what left of this country

[undgrd]

Down 102

Seems to be bouncing between 80 and 100 down

[Dogman]

-215 don't worry the bankers and government will protect us....Sarcasm icon Here!

[mick silver]

so what happen to the Europe's money markets . they were having a hard time yesterday