Viewing 15 posts - 1 through 15 (of 18 total)
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  • #43337
    Profile photo of matt76
    matt76
    Survivalist
    member8

    Just found this article. It seems circuit breakers have been set to trip when the markets drop to specific percentages.

    http://www.bloomberg.com/news/articles/2015-08-24/nyse-will-suspend-stock-trading-if-s-p-500-index-plunges-7-

    #43338
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Yes we came close for the circuit breakers turning off the Dow.

    #43341
    Profile photo of 74
    74
    Survivalist
    rnews

    Whatever is driving down the market isn’t going away. It was closed all weekend only to crash at the opening bell.

    #43344
    Profile photo of MountainBiker
    MountainBiker
    Survivalist
    member10

    The circuit breakers have been in place since 1987. It is supposed to be a cooling off period for people to regain their composure but so much of the market is now driven by computerized algorithms that I wonder how effective the circuit breakers can be these days.

    #43347
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Whatever is driving down the market is called world wide collapse of all the markets, the dominoes are falling. Way to much debt.

    #43348
    Profile photo of 74
    74
    Survivalist
    rnews

    Free, LOL ya well I got that. My point is the forces that are causing the crash will still be there.

    #43350
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Yes 74 they will be there. Well we will see tomorrow morning, how China markets do and the Dow.

    #43351
    Profile photo of Brulen
    Brulen
    Survivalist
    member9

    Cry me a river of “limit down” stop trade for five minutes.

    1200 times. According to cnn. It was a rout and a stampede for the exit.

    #43389
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    Dow has gone down for five days now. Today Dow -204. Looks like real bad news now.

    #43407
    Profile photo of freedom
    freedom
    Survivalist
    rnews

    So what happen today with the Dow closing at +619? Well first the Fed said that they were not going to raise interest rates and they also said that a Q4 is not out of the question if the Dow keeps going down. WOW! more printing of paper just like I have said they will keep printing till the end.

    #43411
    Profile photo of L Tecolote
    L Tecolote
    Survivalist
    member8

    The banksters don’t mind crashing the US economy … but not until they’ve crashed everyone else’s first.

    Cry, "Treason!"

    #43413
    Profile photo of GeorgiaSaint
    GeorgiaSaint
    Veteran
    member9

    Has anybody wondered where the Fed gets the money to “buy” all those treasuries and mortgage backed securities (currently over $4.5 TRILLION)? I mean, it’s not like they own a business or have a rich uncle. Last I checked, it’s just a bunch of guys and gals appointed to “governor” positions, with one of those gals being appointed the all-knowing chairperson. It would be so absurdly laughable if it wasn’t so deeply serious. The average person doesn’t even have a clue about this stuff, never asks questions, and just figures that the gummint knows more than they do and will ultimately take care of them. Karl must be smiling up from his grave, grinning ear to ear. My, my, what great work his book has accomplished in only 167 years. {choke!}

    [sarc/ON] I’m just glad to know that the crisis is over and everything is now completely back on track. After all, the “market” couldn’t have gone up 619 points in just one day if things weren’t all better! (Could it?)

    Oh – and I notice that oil is staying down around (or even below) $38/barrel, with silver hitting a 6-year low. And gold was down over $50 off its recent upswing last week of $1170. Now I know I can fill my gas tank cheaper, and there CAN’T be anything to worry about if nobody’s bidding up gold and silver because they know something bad is coming. ♫ La-la-la-la-la! ♫ All is well. China and its economy? Russia and its oil-based economy? Forget them! We’re America. They don’t affect us. [sarc/OFF]

    [DeepSerious/ON] Poke around John Williams’ Shadow Stats web site. There’s a (pun intended) wealth of information even in the non-subscription areas. What’s the REAL inflation rate? What’s the REAL unemployment rate? It’s all there in the public area.

    And if you want to go REALLY deep: http://www.shadowstats.com/article/special-commentary-2015.pdf

    Warning: don’t read any of the above two links shortly before trying to go to bed at night. I won’t be responsible for your inability to sleep well, or for the nightmares that could result. <very weak grin>

    GS
    "Ye hear of wars in far countries, and you say that there will soon be great wars in far countries, but ye know not the hearts of men in your own land."

    #43416
    Whirlibird
    Whirlibird
    Survivalist
    member10

    Saint, you and Tec have cost me more sleep than you know over the years.
    I long ago stopped looking at that stuff unless its the middle of my day.

    #43417
    Profile photo of GeorgiaSaint
    GeorgiaSaint
    Veteran
    member9

    you and Tec have cost me more sleep than you know over the years.

    Sorry about that, Bro! But here’s a little saying that I find comforting, and at the same time motivating: “If ye are prepared, ye shall not fear.” While that was originally meant primarily as a spiritual thing, I also believe it applies to temporal things as well – just what this entire web site is dedicated to. You’re probably better off than you think, and certainly far better off than most. Do what you can, be as prepared as you can be under your own personal and family circumstances, here a little and there a little, and when “the balloon goes up,” you’ll be way ahead of most. It just never hurts to be aware of what’s going on around us, if for no other reason than not getting blind-sided. Just don’t get too wrapped around the axle in doing so. I now view things like what I put in my post above with interest, not fear, and simply use it like our indoor/outdoor digital thermometer – I can see how hot it is outdoors before I ever go out, and not be shocked. Am I secure that we’ll be “fine” when “the balloon goes up?” No, not entirely. But I remember that I’m FAR better off because of people like those here with whom I’m privileged to associate than I was 15 years ago, and particularly 20+ years ago. JJ became a wonderful motivator “back when.” And over the years we’ve refined what we understand, taken more steps to refine what we DO as a result, and are better off for it. If we’ve done all we can reasonably do, I have a personal belief that we’ll be blessed in ways we can’t foresee now, when we need it. I’ve already seen that in my own life over the years. Sometimes it’s kind of scary looking forward, but when I look back I feel more than a little guilty for doubting, because I’ve always in the end received help beyond my own ability to cope. I just have to do all that I can reasonably do, in my imperfection. That’s all any of us can do. A bit of a personal secret (that immediately becomes common knowledge now, without details): I’m highly familiar with the twelve steps (both from a personal and professional standpoint), and do my best to keep constantly reviewing them, both privately and with others. In them is great wisdom. Resources like this one fit in very nicely – though many would not see that.

    Still, I’m sorry to have robbed you of much needed (and deserved) sleep. <grin>

    =========
    For those not familiar with the phrase “when the balloon goes up,” here’s a good explanation. It even refers to this web site as an authoritative source. The phrase dates back to WWI, but was also used frequently among people I associated with in the military during the rather warm portions of the cold war, when the Strategic Air Command motto was “Peace is Our Profession.” Many (most?) never understood that that phrase was not sick humor, or an empty phrase. Being able to launch a massive fleet of B-52s and Minute Man missiles in a matter of just a few minutes, ready to unleash enough destructive power to probably put the world out of business entirely in its aftermath, was the ultimate manifestation of, “If ye are prepared, ye shall not fear.” It kept us AND the Soviets alive for decades, due to the old “MAD” philosophy (Mutually Assured Destruction). Ahhhh …. the good old days (says an old man). LOL!

    GS
    "Ye hear of wars in far countries, and you say that there will soon be great wars in far countries, but ye know not the hearts of men in your own land."

    #43421
    Profile photo of MountainBiker
    MountainBiker
    Survivalist
    member10

    GS, I know a member of the Board of the Boston Fed. He is very bright, successful in his career, and one who tends the details, but he absolutely does not see anything fundamentally wrong with the economy nor does he see the Feds role in creating massive distortions in the economy. All he sees are rainbows and unicorns on the horizon. I don’t even try to convince him of anything different anymore. Waste of my breath. He is self-made coming from modest origins and so hasn’t been insulated from the real world in the manner of trust fund babies. If he is typical of other Fed Board members in his inability to see what is happening, then they are never going to see it, and when it all comes crashing down they aren’t going to see that they had anything to do with it.

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