http://finviz.com/fut_image.ashx?rel...64429085625000
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Shittttttt!
Tanking -405.98
And counting!
But look at the USD, up 1.25! All the money that's fleeing Europe is coming to uncle sam!
Only a short sighted fool would think the USD is a "safe haven". We are much worse off, and it'll only be a matter of time before those moron paper traders see it.Quote:
Originally Posted by madfranks
True, they are trying to find a safe harbor.Quote:
Originally Posted by madfranks
Still , some could see chicken little. ;D
The whole market is broken. It is a bizarre financial play. Dollars compared to Euros goes up --->Quote:
Originally Posted by madfranks
dollar buys more stocks -----> stock prices drop.
BUT it is not that simple. I thought it was, but have been watching the Euro follow our stock prices (inversely). There is some underlying money transfer going on whereby the two are tied together, but not causative (necessarily) by the Euro. I think it is more of the risk being assessed on companies - and largely banking companies, which is preceding the drop of the Euro. It's like early warning circulates among the insiders (traders at the elite houses).
i know it's amateur hour but i couldn't resist.
DOW
11,569.60
-226.56 (-1.92%)
Yeehaw! -289!
-314
-322
Come on guys, we need the visual here!!
http://finviz.com/image.ashx?dow&rev=634574715704148750
The Bloomberg speech wasn't an effective replacement for Bernanke's usual.
I go to check the markets, down 324 points...
11483.62 -312.54 (-2.65%) Nov 21 2:09pm ET
while not as dramatic as last year's swings (yet); still worth a bump imo.
http://finviz.com/image.ashx?dow&rev=634666348861250000
http://www.kitco.com/images/live/t24...0.688232421875
http://www.kitconet.com/charts/metal..._en_usoz_6.gif
A good plunge today, and the market hasn't had as low volume since December 2007. The bull'shit' is running out of steam. Meanwhile gold is up. Seems like run to safety to me!
http://chart.finance.yahoo.com/z?s=%...n-US®ion=US
Do you think that India's gold retailers are the reason for the current spike. Meaning Monday and today.Quote:
Originally Posted by Neuro
I can only imagine what Obama will do next to keep up appearances:
nationalize all retirement accounts and force them into stock funds- and not let them sell.
federal reserve can keep buying up treasury bonds.
Anything particular that happened the last few days re Indian gold retailers? I knew that India is going to levy taxes on gold imports, but I doubt that would create 'spikes', a general increased demand yes, but not increased volatility!Quote:
Originally Posted by osoab
Stock Market Volume is low and the prices are high. This means the bull market in Stocks is running out of steam. Smart Money Insiders move into gold now. They know that it is the only remaining safe haven... Bonds will probably be kept at low interest rates, but only through massive monetization, which means the value of the bonds will go down through currency devaluation...
Quote:
Originally Posted by Neuro
http://www.zerohedge.com/sites/defau.../picture-5.jpg
India's Jewellers End Gold Strike As Government Caves On Excise Duty: Pent Up Gold Demand To Be Unleashed
Quote:
A month ago, after causing a spike in cotton prices following the imposition of an export ban, India promptly overturned said surprising move following a surge in protest from not only various trade local groups, but more importantly China, whose already razor thin margins would become negative if input costs soared even further. The whole process lasted about 72 hours from beginning to end. Days after, desperate to fund ongoing budget shortfalls, the government shifted its attention to price controls in a market it knew China would absolutely not mind to having the price kept artificially low - gold. What happened then was an announcement by the government to impose to levy an excise duty on unbranded jewelry. The response was swift - a countrywide strike among India's jewellers who all went dark, crippling demand from one of the traditionally strongest gold markets in the world. And all this happening at a time when the wedding season is at its peak, with Akshaya Tritiya, one of the biggest gold buying festivals later in the month, making the period crucial for jewellers. As of hours ago, the Indian finance ministry has caved, and while it took three days to end the cotton export ban, it took three weeks to end the excise duty proposal, India's Finance Minister Pranab Mukherjee said that the government would consider scrapping a budget proposal to levy an excise duty on unbranded jewellery. The result will be three weeks of pent up demand for precious metals being unleashed suddenly, likely pushing spot gold far higher, to where it would be had this latest artificial price control never been established.
Yes, that could be it too! Thanks!Quote:
Originally Posted by osoab
[img]http://finviz.com/image.ashx?dow&rev=634741409483775407[/img]
http://finviz.com/image.ashx?dow&rev=634741409483775407
need help inserting plunge pic! Just turned the year dow negative...
When you link the pic from the url, uncheck the box.Quote:
Originally Posted by MNeagle
http://finviz.com/fut_chart.ashx?t=Y...01,124603&p=m5
:mad: When I uncheck the box, the o.k. option disappears... so nothing inserts. aarrghh!!
That bites.Quote:
Originally Posted by MNeagle
I was having some issues with all the board linking and smilies yesterday. Maybe shutdown your browser and restart?
I clicked the 'compatibility' button. Logged me out, but seems to have fixed my issues atm.
http://finviz.com/image.ashx?dow&rev=634741405627147580
Facebook just got under $28 (27.87 atm)... Was there ever a market crash in June?
A little nod to the anniversary of Black Monday 25 years ago:
http://finviz.com/image.ashx?dow&rev=634862537017992500
http://finviz.com/fut_image.ashx?gc....62537392680000 http://finviz.com/fut_image.ashx?si....62537392680000 http://finviz.com/fut_image.ashx?cl....62537392680000 http://finviz.com/fut_image.ashx?dx....62537392680000
Buy the dips gentleman!
Just queing up for tomorrow's action, futures' looking bleak:
http://finviz.com/fut_image.ashx?ym....16402056273750http://finviz.com/fut_image.ashx?es....16402056273750http://finviz.com/fut_image.ashx?nq....16402056273750http://finviz.com/fut_image.ashx?nkd...16403409242500
EOY tax avoidance profit taking... big tax increase after 12\31\2012.... gold has been hedging bonds, as profit is taken the hedges are closed & POG falls... I anticipate weakness until after the 1st....
OHhhhh if it were only trueQuote:
Originally Posted by BarnkleBob
Hard to believe this thread hasn't been used in 9 months! Does the PPT still work?Quote:
Originally Posted by MNeagle
I think Wall Street is playing the volitility game over the budget and debt ceiling. They can't get the market to move higher, so create fear and play the swings to take all they can get their hands on.Quote:
Originally Posted by MNeagle
In case you haven't heard it in the last 5 minutes, the government might shut down tonight...oooh my!
How many times can they play this game?
FEDERAL SHUTDOWN LOOMS!!!
booga booga
Government shutdown is almost certain
The US federal government is barrelling towards its first shutdown in 17 years after congressional Republicans demanded a one-year delay of President Barack Obama's health care law and the repeal of a tax to pay for the law before approving any funds to keep the government running.
House of Representatives Republicans emerged from a secret meeting on Saturday unified and confident that they had the votes to delay the health care law and eliminate a tax on medical devices that partly pays for it.
But before the House had even voted, Senator Harry Reid of Nevada, the majority leader, declared the House bill dead. Senate Democrats are planning to table it when they convene on Monday, leaving it up to the House to pass a stand-alone spending bill free of any measures that undermine the health care law.
The House's action all but ensured that large parts of the government would be shuttered as of 12.01am Tuesday, US eastern time. More than 800,000 federal workers deemed nonessential faced leave of absence; millions more could be working without pay.
A separate House Republican bill would also ensure that military personnel continued to be paid in the event of a government shutdown, an acknowledgement that a shutdown was likely. The health law delay and the troop funding bill were set for House passage.
''The American people don't want a government shutdown, and they don't want Obamacare,'' House Republican leaders said in a statement. ''We will do our job and send this bill over, and then it's up to the Senate to pass it and stop a government shutdown.''
Darrell Issa, a powerful Republican committee chairman who is close to the leadership but has sided with those who want to gut the health care law, flashed anger when asked what would happen when the Senate rejected the House's offer.
''How dare you presume a failure?'' he snapped. ''We continue to believe there's an opportunity for sensible compromise, and I will not accept from anybody the assumption of failure.''
Senator Reid made it clear that failure was inevitable. ''After weeks of futile political games from Republicans, we are still at square one,'' he said. ''We continue to be willing to debate these issues in a calm and rational atmosphere, but the American people will not be extorted by Tea Party anarchists.''
It seems some representatives are more worth than others. Democrats=American people, Republicans=Tea party anarchists. I just think the bunch of them are just scum, with no interest in the well being of anyone apart from themselves. If some of them would be anarchists I would apologize for the generalization...Quote:
the American people will not be extorted by Tea Party anarchists.''
I think we are likely to see a black October day plunge...
It depends on how many times your district can send the same Representative that yours gets earmarked for larger Fed. fund projects.Quote:
Originally Posted by Neuro
Royalty in action.
Actually, a lot of us do. :)Quote:
The American people don't want a government shutdown