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Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
Neuro
See, see! I am totally in the dark!
Here don't say I never gave you anything....!
http://gold-silver.us/forum/attachme...tid=7805&stc=1
You can thank me someday...
;)
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Re: Tracking the DOW PLUNGE!!!
Do we panic or laugh?
-204.91 as of 4:30pm
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Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
Plastic
Do we panic or laugh?
-204.91 as of 4:30pm
Both is apropriate! The plunge is on!
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Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
Neuro
Up some 350 points right now! I wonder if it will hold until the end of day... If it ends in red I think we'll see panic tomorrow...
Probably tomorrow, we'll see one of the biggest up days! Expect anything!
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Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
Plastic
Do we panic or laugh?
-204.91 as of 4:30pm
https://www.youtube.com/watch?v=waZSvFbIOGk
https://www.youtube.com/watch?v=waZSvFbIOGk
Grin !
-
Re: Tracking the DOW PLUNGE!!!
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Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
BrewTech
Closed at 15,666.44
What does this mean?
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Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
ximmy
What does this mean?
That the microscopically thin thread holding the 40 ton very sharp knife over your head/body has not broke yet !
;)
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Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
ximmy
What does this mean?
The Goose Drank Wine
https://www.youtube.com/watch?v=FPquvsacG5M
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Re: DOW Is Tanking !
Quote:
Originally Posted by
expat4ever
Put options?
Quote:
Betting On "The End Of The World" Just Returned 2400% In One Day
On Friday afternoon, while the VIX was jumping as stocks were sliding, and well ahead of Monday's brief but systemic ETF failure which led to a VIX explosion, marketwide halts and a 1000 point Dow Jones collapse,
we pointed out a disturbing event: someone was aggressively buying insurance against a market catastrophe by loading up on all the VIX September 50 calls they could get their hands on. In fact as of lunch time, some 625 calls had been purchased at a price of about a dime.
This is
what we said last Friday:
Quote:
"what would be far scarier is if whoever is suddenly offering a nickel for the VIX Sept 50 calls actually knows something. Because if he "does", that would suggest a market move 'Straight out of Lehmam""
Fast forward to Monday, when we had a market move that was, drumroll, Straight out of Lehman indeed, and shockingly, the VIX 50 calls, which were bought when the VIX was trading at half that value, were briefly in the money!
http://www.zerohedge.com/sites/defau...824_vix1_0.jpg
And, as the chart below shows, in this case betting on the end of the world was perhaps the most profitable trade of the year: purchased on the offer at 10 cents, the calls traded as high as $2.50 one trading day later, a 2,400% return in one day. We tried to do an XIRR analysis what that return would look like annualized but Excel simply Reffed out.
ZH link
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Re: DOW Is Tanking !
come out an play we have saved the world .... DOW JONES INDU AVERAGE INDEX (Dow Jones Global Indexes:INDU)
Add to Watch List
Set Alert
-
Re: DOW Is Tanking !
Quote:
Originally Posted by
mick silver
come out an play we have saved the world ....
DOW JONES INDU AVERAGE INDEX (Dow Jones Global Indexes:INDU)
Add to Watch List
Set Alert
We have to wait and see; yesterday it was green all day and then at the end of the day it tanked to end on a loss.
-
Re: DOW Is Tanking !
Quote:
Originally Posted by
madfranks
We have to wait and see; yesterday it was green all day and then at the end of the day it tanked to end on a loss.
You make it sound as though its some sort of pyramid scheme.
-
Re: DOW Is Tanking !
Gregory Mannarino showing the DOW 50 day moving average is about to death cross through the 300 day moving average with chart porn.
*The yellow 50 day moving average appears to be closing in on the purple 300 day moving average.
It is my contention that when this event occurs, and it appears to be just weeks away, a MAJOR stock market event will occur. We can expect a massive loss in the value of stocks, one which has the potential to be the financial event of our lifetime.*
http://seekingalpha.com/instablog/29...get-much-worse
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Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
ximmy
What does this mean?
It means the next two days the Dow will rally 990 points! ;D
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Re: Tracking the DOW PLUNGE!!!
are buy more beans an rice
-
Re: Tracking the DOW PLUNGE!!!
Quote:
Originally Posted by
mick silver
are buy more beans an rice
I did that yesterday. Mostly beans but I also added another years worth of TP. Tomorrow I am headed to the international market. One, for more rice, they have much better prices on large quantities and 2 to feed my addiction. They have durian and I cant get enough of them. Fuckers got me hooked and at 15 bucks a whack its not a cheap addiction. Hopefully will get some cheap noodles as well.
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Whither the Market in an Era of Rate Hikes?
Dominant Social Theme: Things are getting better and better.
Free-Market Analysis: The Baltic Dry Index has received a lot of coverage because it tracks shipping activity worldwide – and it has never been lower. Nobody is shipping much of anything, it seems.
For this reason, Tavares's analysis of US rail transportation may have received more attention than it would have otherwise. It was posted at ZeroHedge, for instance, and reposted at other websites as well.
He concluded that rail transport volumes were showing considerable weakness (see excerpt above). However, the weakness was relatively recent so he declines to draw any firm conclusions.
More:
The rail intermodal traffic category registers the long-haul movement of shipping containers and truck trailers by rail whenever combined with (a much shorter) truck movement at one or both ends ... The weaknesses leading up to the 2008 financial crisis is pretty noticeable ...
The analysis covers commodity groups within the context of rail traffic. According to the article, rail shipping shows a continued glut of oil and gas. Forest products, a good indicator of construction, have also fallen off significantly. However, motor vehicle shipping has been setting a new high.
His conclusion:
Our analysis of rail volumes provides a mixed picture of the US economy at this point: oil & gas and mining-related sectors are taking a real beating, some consumer sectors seem to be holding up and there are signs of weakness in the housing sector. 2016 should witness some type of a resolution here.
Tavares, as we can see, declines to make any firm predictions. However, over at the CFA Institute, Ron Rimkus writes that "2016 is a turning point for markets," and that while the world's outlook is grim, the US may benefit considerably from Federal Reserve rate hikes.
The Fed ... signaled four .25% increases in interest rates are in store for 2016 ... Although the Fed has proceeded ever so gingerly, the world is nevertheless at a turning point punctuated by the Fed's historic rate hike.
... With these modest expectations, weak economies around the globe, and a rising dollar, maybe – just maybe — all that global capital sloshing around will find a home here in the US stock market? Think about it . . .
Could Yellen's rate hikes set off the next leg of a US securities boom? We recently reviewed an article by David Stockman that was relentlessly negative about central bank currency debasement (already in play) and the effect it was going to have on indebted governments and large quasi-public entities generally.
According to Stockman – and his analysis is shared by numerous hard-money analysts and economists – as the era of easy money gives way to tighter monetary volumes and higher rates, the world's economy will show considerable stress.
In fact, there are those like Euro Pacific's Peter Schiff who believe that one way or another Yellen and company will be forced to continue easy-money policies because wringing out the leverage of US$175 trillion (Stockman's estimate, printed since 2008) is an impossibility.
We would tend to agree with the hard-money crowd – and have written such – but the suggestion that US markets should benefit from higher rates (not too high, of course) is an intriguing one.
It doesn't mean anything in the longer term, given the mess of US finances. But in the short term, a continued securities rally might benefit large corporations and also enhance the prospects of smaller enterprises and companies that have not yet gone public.
Conclusion: Certainly a sustained rally, even with considerable volatility, would enhance the prospects of emerging sectors. One such sector – cannabis – has yet to fully debut on the world's stage, but if US markets continue favorable, that process might be considerably eased.
- See more at: http://www.thedailybell.com/news-ana....g4diSZLQ.dpuf
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Re: Whither the Market in an Era of Rate Hikes?
I have started a few thread about this , the charts show this dropping off like a rock in water all one needs to do is go back t 2007 an 2008 and you see the same thing but this time there more ships parked .................The Baltic Dry Index has received a lot of coverage because it tracks shipping activity worldwide – and it has never been lower. Nobody is shipping much of anything, it seems.
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Re: Whither the Market in an Era of Rate Hikes?
U.S. Stocks
Data as of 12:31:07pm ET
Wednesday’s Trading:
- Dow -221.44
16,937.22
-1.29% - Nasdaq -49.47
4,841.96
-1.01% - S&P -22.75
1,993.96
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Re: Whither the Market in an Era of Rate Hikes?
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Re: Whither the Market in an Era of Rate Hikes?
U.S. Stocks
See Pre-Market Trading Data as of Jan 6
Wednesday’s Close:
- Dow -252.15
16,906.51
-1.47% - Nasdaq -55.665
4,835.77
-1.14% - S&P -26.45
1,990.26
-1.31%
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Re: Whither the Market in an Era of Rate Hikes?
World Markets
North and South American markets finished broadly lower on Wednesday with shares in Brazil leading the region. The Bovespa is down 1.52% while U.S.'s S&P 500 is off 1.31% and Mexico's IPC is lower by 0.83%.
North and South American Indexes
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Re: Whither the Market in an Era of Rate Hikes?
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Re: Whither the Market in an Era of Rate Hikes?
European Indexes
http://i.cdn.turner.com/money/.eleme...nClosedKey.gifAsian markets finished sharply lower today with shares in China leading the region. The Shanghai Composite is down 7.04% while Hong Kong's Hang Seng is off 3.09% and Japan's Nikkei 225 is lower by 2.33%.
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Re: Whither the Market in an Era of Rate Hikes?
China stock trading abruptly halted after 7% plunge
by Charles Riley and Rich Barbieri @CNNMoneyInvest January 7, 2016: 5:21 AM ET
http://gold-silver.us/forum/newreply...treply&t=87029
http://gold-silver.us/forum/newreply...treply&t=87029
http://gold-silver.us/forum/newreply...treply&t=87029
http://gold-silver.us/forum/newreply...treply&t=87029
Replay
Richard Quest explains China's circuit breakers
Trading in Chinese stocks was suspended Thursday for a second day this week after a dramatic plunge that sent shocks through global markets.
Dealing was briefly halted after the CSI 300 stock index fell 5%. When markets re-opened, losses reached 7% within seconds, triggering a complete suspension for the day. The shortened trading session lasted just 30 minutes.
The abrupt decline triggered so-called circuit breakers, which Chinese authorities recently implemented in a bid to tame the country's volatile markets. The new circuit breakers were also used to halt trading early on Monday.
While circuit breakers initially limit losses, they may encourage investors to sell more. Why? Observers say the first breaker is reached too quickly, and investors use the cool-down period to line up additional sell orders.
The CSI 300, which tracks stocks in Shanghai and Shenzhen, has already fallen 12% in 2016.
China's central bank responded Thursday by announcing it would pump $10.6 billion into the financial system. That follows an injection of $20 billion on Tuesday.
The moves are designed to juice stocks and calm mainland markets, which are dominated by small savers who put more faith in speculative investing newsletters than company fundamentals. But observers say they also signal that China's leaders are concerned about the economy.
"Investors recognize that the [central bank's] actions serve as confirmation that China's economy is slowing in a meaningful fashion, which has real repercussions on global ... growth," Mike O'Rourke, chief market strategist at JonesTrading, wrote in a note.
Related: Check world market data
Two separate reports this week fanned fears of slower growth in the world's second-largest economy. One showed that China's services sector grew at the weakest pace in 17 months in December -- another revealed that activity had slowed in the country's key factory sector.
Another concern is China's weakening currency: Before trading began Thursday, China's central bank set the yuan's value at its weakest level since March 2011. A weaker currency can help Chinese exporters and support growth, but it can also push money out of the country and hurt asset values.
Worries over the currency have intensified since a surprise devaluation in August. At the time, Beijing said it was hoping to allow market forces more control over the yuan -- but the central bank has spent billions in recent months to prop up the currency. On Thursday, regulators set the yuan's daily trading limit sharply lower, the largest such decline since August.
The yuan has lost nearly 6% against the U.S. dollar since August.
Related: Investors should focus on China's economy, not stocks
Chinese markets had stabilized in the final months of 2015 after a summer crash caused trillions of dollars in losses.
Beijing reacted forcefully, spending at least $236 billion to stop the slide. The central bank cut interest rates, while regulators suspended new share listings and threatened to jail short sellers. In an effort to prop up the market, regulators organized the purchase of shares using cash supplied by the central bank.
Markets are now dealing with the hangover from Beijing's intervention. In particular, investors had been worried that brokers would unload huge amounts of stock on Friday, when a ban on selling by major shareholders expired.
On Thursday, regulators announced new rules that will sharply limit stock sales. Major shareholders will be able to unload only 1% of their holdings in any three month period, and they must disclose their plans 15 days in advance.
Some analysts argue that Beijing would be best served by resisting the temptation to intervene in markets. Mainland stocks are still expensive when compared to corporate profits, and while a sharp decline in equity prices would be painful, Beijing's efforts to prop up the market are only delaying the inevitable.
"People think this is a manipulated, distorted market," said Peter Lewis, the director of Peter Lewis Consulting. "It's a market that's not open ... there are all sorts of restrictions on selling, and foreign institutions will be very alarmed by this."
The pain extended beyond mainland China on Thursday. Hong Kong's Hang Seng dropped 3.1%, while Japan's Nikkei shed 2.3%. U.S. stock futures were sharply lower.
Concerns about China have also helped ravage oil prices -- a trend that in turn hurts global economies and further unsettles stocks. Oil is now trading below $33 a barrel.
Most investing professionals recently surveyed by CNNMoney listed China as the biggest risk to U.S. stocks. When Chinese markets were halted Monday, the move triggered a global selloff, including losses of roughly 2% in the U.S.
-- Jessie Jiang, Pamela Boykoff, Jonathan Stayton, Lex Haris and Matt Egan contributed to this report.
CNNMoney (New York) First published January 6, 2016: 9:22 PM ET
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Re: Whither the Market in an Era of Rate Hikes?
Macy's to cut over 4,000 jobs after poor holiday sales
by Matt Egan @mattmegan5 January 6, 2016: 5:06 PM ET
http://i2.cdn.turner.com/money/dam/a...as-780x439.jpg
The pink slips are flying at Macy's following a holiday season clouded by warm weather.
The iconic department store announced plans on Wednesday to lay off about 4,350 employees across the country.
Macy's (M) said about 3,000 sales associates will be impacted, or about three to four per Macy's and Bloomingdale's location. The company expects that about half of the affected store associates will be "placed in other positions."
Another 1,350 employees in back office and service center positions will be impacted by the cost-cutting moves. Some of those workers too are expected to be reassigned to other jobs, Macy's said.
Upper management is also being impacted, with Macy's implementing a "voluntary separation opportunity" for about 165 senior executives.
All told, Macy's hopes to save about $400 million to help offset its "disappointing" 2015 results.
It was fresh evidence of the struggles at Macy's. The company said sales in the critical November and December period slumped by a worse-than-expected 5%. Profits are also expected to miss the company's own targets.
Like other retailers, Macy's blamed the "historically warm weather" in northern climates. Macy's said about 80% of its sales declines can be attributed to shortfalls in cold-weather goods like coats, sweaters, hats, gloves and scarves.
Macy's also pointed to the impact of the strong U.S. dollar, which has caused international tourists to spend less.
The struggles are forcing Macy's to close stores. On Wednesday the company listed 36 stores slated to close early this spring, including ones in Los Angeles, Buffalo and Fort Worth.
Macy's expects the cost-cutting moves to hurt fourth-quarter profits by $200 million.
Still, Wall Street cheered the belt tightening, bidding Macy's shares up nearly 6% in after-hours trading on Wednesday. The stock lost nearly half its value in 2015, making it one of the worst performers in the S&P 500.
CNNMoney (New York) First published January 6, 2016: 4:58 PM ET
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Re: Whither the Market in an Era of Rate Hikes?
giant miner Freeport-McMoRan down 89% over last 5 years
http://money.cnn.com/quote/quote.html?symb=FCX
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Re: Whither the Market in an Era of Rate Hikes?
U.S. Stocks
Data as of 9:38:49am ET
Thursday’s Trading:
- Dow -268.15
16,638.36
-1.59% - Nasdaq -84.18
4,751.59
-1.74% - S&P -28.73
1,961.53
-
Re: Whither the Market in an Era of Rate Hikes?
Will the blood stop, or is this just the beginning?
-
Re: Whither the Market in an Era of Rate Hikes?
beginning U.S. Stocks
Data as of 1:27:09pm ET
Thursday’s Trading:
- Dow -327.01
16,579.50
-1.93% - Nasdaq -118.55
4,717.22
-2.45% - S&P -38.50
1,951.76
-
Re: Whither the Market in an Era of Rate Hikes?
Is this another 2008 for the stock market?
-
Re: Whither the Market in an Era of Rate Hikes?
-
Re: Whither the Market in an Era of Rate Hikes?
Thursday’s Close:
- Dow -392.41
16,514.10
-2.32% - Nasdaq -146.34
4,689.43
-3.03% - S&P -47.17
1,943.09 take that bitch
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Re: Whither the Market in an Era of Rate Hikes?
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Re: Whither the Market in an Era of Rate Hikes?
Stock Market Crash 2016: This Is The Worst Start To A Year For Stocks Ever
Published: January 8, 2016
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Source: Michael Snyder, Guest Post
We have never had a year start the way that 2016 has started. In the U.S., the Dow Jones Industrial Average and the S&P 500 have both posted their worst four-day starts to a year ever. Canadian stocks are now down 21 percent since September, and it has been an absolute bloodbath in Europe over the past four days. Of course the primary catalyst for all of this is what has been going on in China. There has been an emergency suspension of trading in China two times within the past four days, and nobody is quite certain what is going to happen next. Eventually this wave of panic selling will settle down, but that won’t mean that this crisis will be over. In fact, what is coming is going to be much worse than what we have already seen. On Thursday I was doing a show with some friends, and we were amazed that stocks just seemed to keep falling and falling and falling. The Dow closed down 392 points, and the NASDAQ got absolutely slammed. At this point, the Dow and the NASDAQ are both officially in “correction territory”, and some of the talking heads on television are warning that this could be the beginning of a “bear market”. But of course some of the other “experts” are insisting that this is just a temporary bump in the road.
But what everyone can agree on is that we have never seen a start to a year like this one. The following comes from CNN…
The global market freakout of 2016 just got worse.
The latest scare came on Thursday as China’s stock market crashed 7% overnight and crude oil plummeted to the lowest level in more than 12 years.
The Dow dropped 392 points on Thursday. The S&P 500 fell 2.4%, while the Nasdaq tumbled 3%.
The wave of selling has knocked the Dow down 911 points, or more than 5% so far this year. That’s the worst four-day percentage loss to start a year on record, according to FactSet stats that go back to 1897.
When CNN starts sounding like The Economic Collapse Blog, you know that things are really bad. I particularly like their use of the phrase “global market freakout”. I might have to borrow that one.
Even some of the biggest and most trusted stocks are plummeting. For instance, Apple dropped to $96.45 on Thursday. It is now down a total of 28 percent since hitting a record high of more than 134 dollars a share back in April.
So that means that if someone put all of their retirement money into Apple stock last April (which may have seemed like a really good idea at that time), by now more than one-fourth of that money is gone.
For months, I have been warning that the exact same patterns that we witnessed just prior to the great stock market crash of 2008 were happening again. To me, the parallels between 2008 and 2015/2016 were just uncanny. And now other very prominent names are making similar comparisons. According to the Washington Post, George Soros says that the way this new crisis is unfolding “reminds me of the crisis we had in 2008″…
Influential investor George Soros said that China had a “major adjustment problem” on its hands. “I would say it amounts to a crisis,” he told an economic forum in Sri Lanka, according to Bloomberg News. “When I look at the financial markets, there is a serious challenge which reminds me of the crisis we had in 2008.”
Don’t get me wrong – I am certainly not a supporter of George Soros. My point is that we are starting to hear a lot of really ominous talk from a lot of different directions. All over the world, people are starting to understand that the next great financial crisis is already here.
As I write this tonight, I just feel quite a bit of sadness. A lot of hard working people are going to lose a lot of money this year, and that includes people that I know personally. I wish that my voice had been clearer and louder. I wish that I could have done more to get people to understand what was coming. I wish that my warnings could have made more of a difference.
I just think about how I would feel if everything that I had worked for all my life was suddenly wiped out. And that is what is going to end up happening to some of these people. When you lose everything, it can be absolutely debilitating.
You only make money in the markets if you get out in time. And unfortunately, most of the general population will be like deer in the headlights and won’t know which way to move.
There will be up days for the markets in our near future. But don’t be fooled by them. It is important to remember that some of the greatest up days in U.S. stock market history were right in the middle of the stock market crash of 2008. So don’t let a rally fool you into thinking that the crisis is over.
The financial crisis that began in the second half of 2015 is now accelerating, and everything that we have witnessed over the past few days is just a natural extension of what has already been happening.
Personally, I am just really looking forward to this weekend when I will hopefully get caught up on some rest. Plus, my Washington Redskins will be hosting a playoff game on Sunday, and if they find a way to win that game that will put me in a particularly positive mood.
It is good to enjoy these simple pleasures while we still can. Unprecedented chaos is coming this year, and we are all going to need strength and courage for what is ahead.
Share This Article...
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Re: Whither the Market in an Era of Rate Hikes?
U.S. Stocks
Data as of 3:38:23pm ET
Friday’s Trading:
- Dow -104.75
16,409.35
-0.63% - Nasdaq -21.06
4,668.37
-0.45% - S&P -12.52
1,930.57
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Re: Whither the Market in an Era of Rate Hikes?
U.S. Stocks
Data as of 3:55:24pm ET
Friday’s Trading:
- Dow -158.23
16,355.87
-0.96% - Nasdaq -43.97
4,645.46
-0.94% - S&P -21.52
1,921.57
-1.11%
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Re: Whither the Market in an Era of Rate Hikes?
U.S. Stocks
See After-Hours Trading Data as of 4:58:39pm ET
Friday’s Close:
- Dow -167.65
16,346.45
-1.02% - Nasdaq -45.80
4,643.63
-0.98% - S&P -21.06
1,922.03
-1.08%
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Re: Whither the Market in an Era of Rate Hikes?
Hedge-fund billionaire Steve Cohen avoids lifetime SEC ban
by Matt Egan @mattmegan5 January 8, 2016: 3:39 PM ET
http://i2.cdn.turner.com/money/dam/a...n-1024x576.jpg
So much for that lifetime ban of hedge-fund billionaire Steve Cohen.
The Securities and Exchange Commission reached a settlement with Cohen on Friday that allows the star investor to return to managing client money in 2018.
It's a big win for Cohen, who had been facing a lifetime ban under the original charges filed by the SEC.
Not only that, but Cohen -- whose personal net worth is estimated at $12 billion -- also avoided a financial penalty.
The SEC found that Cohen failed to supervise former portfolio manager Mathew Martoma, who the agency says engaged in insider trading in 2008 while working at Cohen's hedge fund SAC Capital. The firm pled guilty in 2013. Regulators also say Cohen ignored red flags that should have caused him to take action.
Under the terms of the deal, Cohen is banned from serving in a supervisory role at any broker, dealer or investment adviser until 2018 and must retain an independent consultant.
Related: Martin Shkreli used $45M in E*Trade account to secure bail
Andrew Ceresney, director of the SEC's enforcement division, said the punishment achieves "significant and immediate investor protection and deterrence."
Still, it's a dramatic scaling back by the SEC, which was hampered by the loss of a key court ruling.
In a memo to employees at his investment firm Point72 that was obtained by CNNMoney, Cohen said the decision to settle gives his firm certainty and opens the possibility of raising outside capital in the future.
"The longer the pending litigation lingered, the more it distracted from the world-class firm that we are building," Cohen wrote.
Cohen said the settlement doesn't mean it's a time to be "complacent" and promised his firm would continue to do business at the "highest ethical and professional levels."
CNNMoney (New York) First published January 8, 2016: 3:39 PM ET
