January 4, 2016 at 2:32 pm #46461
Here we go, China stock market loses 7% before the Chinese government stopped all trading. If the Chinese government had let it go on the Chinese stock market may have collapsed.
Lets see what will happen today on the DJ stock market today, we may have a large lose.
China Stocks Slump 7% on Weak Data SurveysJanuary 4, 2016 at 2:42 pm #46462
We just opened and the DJ is down 349 points this morning, we will see were this will go.January 4, 2016 at 6:30 pm #46466
A 1-day move isn’t worth getting concerned over. Now, if the US market is down over 1000 by the end of the week, that’s big news. China’s been in massive decline for quite a while. Any number of news items could be responsible for this, potentially making it a knee-jerk reaction by traders looking to make money on intra-day moves. After all, Saudi Arabia has now been joined by other Arab nations in severing diplomatic ties with Iran, and Obama has more than just his pen and cell phone available to him since his return from the tax-payer-funded Hawaii vacation.
Gold also rose over $20 since opening late last night (US time), spiked at 10:00 EST this morning, and has since backed off nearly $10 three hours later. So far, nothing indicating that the Crash of 2016 has begun.
Also, China’s weak data has been no secret. Remember, this is the first trading day after a long holiday weekend, and it’s a new year – psychologically a “big” deal. Sort of ….January 4, 2016 at 10:16 pm #46468
Well this is not a one day thing, first look at 2015 headlines,
2015 Was The Worst Year For The Stock Market Since 2008
Then you have the Chinese stock market in Aug 25, 2015 so this is the second time!
Then you have today where the Chinese stock market loses 7% and the Dow goes down 276 today, look at the headlines,
Dow Sees Worst First Day of the Year Since 2008
So 2015 was the worst since 2008 and then the first day of 2016 is also the worst since 2008. I say that is not a one day event.January 4, 2016 at 10:19 pm #46469
Not a good start to the year but such volatility, or even a general decline is to be expected. You can only pump things up so far.January 6, 2016 at 9:21 pm #46510
So yesterday the Dow only was up 9 points after Monday – 276 lost. Well this is not a one day thing, today the Dow went down -252 or another 1.47%. This year has start real bad.January 6, 2016 at 9:52 pm #46513
I keep hearing Apple is going to reduce IPhone production by 30%. When a leading retail brand is forced to cut back like that, bad things are happening.January 6, 2016 at 10:30 pm #46515
And when WWIII starts, nobody is going to care what the DOW is at.January 7, 2016 at 1:56 am #46517
I keep hearing Apple is going to reduce IPhone production by 30%. When a leading retail brand is forced to cut back like that, bad things are happening.
A report today that I read says that one of its suppliers is going on an unplanned HOLIDAY! Ditto on the “bad things are happening,” unless you listen to the government. That will calm your nerves. They’re telling us all is well, that the economy is improving, etc., etc., etc. Just like they did in 1929/30:
“There is no cause to worry. The high
tide of prosperity will continue.” Andrew
W. Mellon, Secretary of the Treasury,
“Secretary Lamont and officials of the
Commerce Department today denied
rumors that a severe depression in
business and industrial activity was
impending, which had been based on a
mistaken interpretation of a review of
industrial and credit conditions issued
earlier in the day by the Federal Reserve
Board”. New York Times, October, 1929.
“Trade recovery now complete President
told. Business survey conference reports
industry has progressed by own power. No
Stimulants Needed! Progress in all lines
by the early spring forecast.” New York
Herald Tribune, January, 1930
Listen to your government. They will never steer you wrong. All is well, if they can just eliminate all the dangers to society by removing all the guns from the hands of citizens.January 7, 2016 at 3:19 am #46521
Also, look at this chart carefully and understand what it is telling us. We are NOT suddenly seeing a massive decline in an otherwise healthy market. What we’re seeing is the most wealthy of the S&P 500 stocks suddenly dropping like everything else has been doing. As you can see with the blue line, the “equally weighted” stocks have been in considerable decline since about July (i.e. equally weighted meaning not taking into consideration size, health, or any other characteristic of the 500 stocks in the S&P 500). In other words, the overall market has already been in substantial decline. Only the “wealthy” stocks have propped up the market (the so-called “FANG” stocks: Facebook, Amazon, Netflix, and Google). Once those dropped, it LOOKED like the entire market dropped even worse than it did on Monday because those “big four” stocks also plunged, affecting a disproportionate share of the “value” of the market (the green line that is massive weighted by only a handful of stocks).
The full article is very instructive – just disregard the Casey sales pitches now that Doug Casey is no longer in control and Porter Stansberry is using his time-worn sales tactics – don’t bite!
Freedom, I was not arguing for “business as usual, all is well.” I think exactly the opposite. BUT I think we’re still being propped up artificially, and no longer have a strong feeling that a catastrophic, sustained stock market plunge is in the immediate future. I was shocked that we got through 2013 without a massive bottom-falling-out event, and even more so with 2015 also seeing the DOW and S&P stay way above the stratosphere. I began to realize in 2015 that there is far more manipulation going on than I thought possible. In theory, we “can’t” be sustaining this economy this long. But it appears we have. The man behind the curtain is still well in control of the strings. And unless there really is a plan to suspend the election in November and declare a state of emergency (in which case they could let a crash finally happen as the excuse for the takeover), I suspect that we will AT LEAST get through the November election and also through the inauguration of a Republican president next January – IF a Republican wins. Then s/he gets to sort out the unsortable disaster, not a Democrat administration.
That’s why I’m not terribly concerned about day-to-day plunges in the stock markets (including ours). Remember, it was only a short while back before the end of the year that the Chinese market was plunging massive amounts previously, and ours reacted “predictably,” only to recover almost immediately and get back over 18,000 for a while. Some here remember the massive one-day drop in October 1987 that too many said was going to be the end of the nation! Ooops – the market recovered to a level ABOVE what it had started the year at, only two months later (December 1987). Not counting the absurd buying frenzy during 1987, the market was better off on 31 December 1987 than it was on 1 January 1987, despite a terrifying (to some) plummet in October. It’s called a correction. Yes, we’re due for a correction, and we’re due for a whole lot more, because the underlying fundamentals are out of bounds of rational thinking and behavior on the parts of the “controllers.”
Oh – and if you want to watch something really interesting, look at gold since the week before Christmas. It has gained nearly $50 in only a few trading days, and well over $30 in just the past three trading days. Gold has historically been a leading indicator of things to come, but has become far more manipulated in recent years, and cannot be relied on very well at this point. Still, it’s apparently at LEAST reacting to the stock market activity. Personally, I think it’s all a bunch of head fakes. When “the big one” comes, I suspect it will be portrayed as the “result” of some catastrophic world event (probably political), not as a stand-alone economic collapse, which would then highlight the terrible job that’s been done ever since the Fed was created 102 years ago, among other notable unconstitutional things that have happened to this country. All part of the design Uncle Karl skillfully signaled in his final chapter (page) 167 years ago, and as updated by Cloward and his beautiful bride (Frances Fox Piven), back in 1966. Translation: don’t believe what you see, until it’s really, truly, “blood in the streets” (almost literally, if not so in fact).January 7, 2016 at 11:23 am #46523
Well this morning there is more bad news, China is down again so we will see what happens in the Dow today.
GREAT FALL OF CHINA: Wall Street futures down more than 400 points after second Shanghai trade stopJanuary 9, 2016 at 3:38 am #46556
Well the Dow industrials tumbled more than 1,000 points this week with today -167.65.
The worst first five days of any year! Said by The Wall Street Journal. U.S. stocks lost $1.36 trillion in value this past week.
Oil prices fell below $33 a barrel which is a sign that the world economy is slowing down.
We will see what happens next week. The Chinese Government is now buying into there stock market(Printing paper) like we did and putting it into the stock market to hold this up. How long will all of it work? All of this is slowly coming to the end game.January 9, 2016 at 4:37 am #46557
The creator of the web site shadowstats.com, a highly qualified economist, thought we’d have seen the crash two or more years ago, and was virtually certain it would have happened by 2015. Obviously, that came and went, too. He’s got the numbers to show that it SHOULD have happened, and no one appears to have successfully “proven” him wrong – it simply didn’t happen. Why? Manipulation. Wires, mirrors, and smoke. I doubt that people at our level are going to be “calling” the crash, if people like him have been putting their reputations on the line and calling it for at least a couple of years.
Is it going to happen? Of that, I have no doubt. But history has shown that there are ways that simply defy any and all known laws of economics. We’re in entirely uncharted territory. The dollar is extremely strong, in comparison to almost any other currency in the world, and continuing to grow “stronger” (at least on the charts).
The most important thing we can do is have reserves of our own, in various forms, and at least a fair amount that we can get to if/when the banks shut down either due to grid failure and/or cyberattack, or else the system finally ruptures and runs on the bank are stopped in their tracks by total shut down. One way or the other, we need to have as many months of living “arrangements” as possible, whether that be because of paid off land/housing, or cash or other barter material to pay the landlord, a way to eat, and plenty of that other precious metal for taking care of any other business that comes along. The three primary precious metals are Au, Ag, and Pb.
Roof, water source, adequate clothing and possibly heat source, food, money/barter material, supplies, protection supplies and equipment, electricity generation, medical kit, medications as needed, fuel for whatever you need it for, transportation (be it bicycle or other vehicle), etc. It may get very, very ugly, but sitting around agonizing over it being just around the corner only adds to stress – an unnecessary and counter-productive condition. Someone once said, “If ye are prepared, ye shall not fear.” A guy on YouTube has a massive number of videos with that slogan, all on preparedness of all kinds. If we’re as up to speed as we can be, we need not spend a lot of time paying attention to the catastrophe headlines – they’re mainly there to sell advertising, not to accurately inform people. Worry is useless – it saps energy. Concern is different – that’s when you do all you can to be prepared, then enjoy the life you DO still have.
But yes – the massive collapse is going to happen – sometime between Monday and 2025. You can take that to the bank.
2¢January 13, 2016 at 9:35 pm #46647
Well here we go again Dow Jones down 364 points. All signs are pointing to a very bad year. 2016 will be a bad year.
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