it would be even worse today if China didn't limit how much selling its largest stakeholders can do.

(08-24-2015 09:27 AM)fsquid Wrote:  it would be even worse today if China didn't limit how much selling its largest stakeholders can do.

a reminder about china and why developing a nation takes time....

gotta be an idiot to think this is valid

edit: a visual seems necessary...



edit2: all that shite did was drive up the price of oil, steel, gold, AL, and other natural resources.....again, pay attention to who owns our dollar.....as they go, we will most certainly follow....and if their strategy is not solvent.....well......most of you will get the rest....

"Correction territory"

But, the best financial advice in the world, "easy come, easy go."

China is going down. There will be short term pain, but big picture this is a good thing.

Ho hum. The market's on sale. Too bad they can't give a bigger discount. Maybe the sale will get better tomorrow. Stock up at these low prices while you can...this sale won't last forever.

(08-24-2015 10:48 AM)EverRespect Wrote:  China is going down. There will be short term pain, but big picture this is a good thing.

do what....how can china going down be a good thing....

oh my.....

(08-24-2015 10:56 AM)stinkfist Wrote:  

(08-24-2015 10:48 AM)EverRespect Wrote:  China is going down. There will be short term pain, but big picture this is a good thing.

do what....how can china going down be a good thing....

oh my.....

Because it could be an opportunity for America to start making schit again (granted the DC-Wall Street cartel probably won't let that happen). We rely on China for making and importing cheap schit. They don't buy schit from us aside from lumber, scrap, and waste. They need us a lot more than we need them.

bounced off the 200 day MA this morning.

Intraday, we're now 900 points up off the session low. NFLX is up 23% since 9:30. Just, lol.

That 1% just got richer

(08-24-2015 11:06 AM)EverRespect Wrote:  

(08-24-2015 10:56 AM)stinkfist Wrote:  

(08-24-2015 10:48 AM)EverRespect Wrote:  China is going down. There will be short term pain, but big picture this is a good thing.

do what....how can china going down be a good thing....

oh my.....

Because it could be an opportunity for America to start making schit again (granted the DC-Wall Street cartel probably won't let that happen). We rely on China for making and importing cheap schit. They don't buy schit from us aside from lumber, scrap, and waste. They need us a lot more than we need them.

then it's margin call....and it's one less pawn that will absorb the debt as we print that new money.....that sounds like a solid strategy....hell, lets just print money and not tell anyone


you do understand they own a large percentage of our debt, don't you?

regaining manufacturing and making shite in 'murica is a deeper issue....I also won't discount the two are related to some degree...

regardless, china going down is a long term no-no

Sounds like computerized selling this morning, then computerized buying after a 1000 point drop.

(08-24-2015 11:35 AM)UofMstateU Wrote:  Sounds like computerized selling this morning, then computerized buying after a 1000 point drop.

the day traders are having a blast....especially if they understand the algorithms....it couldn't play out any better....

darn...missed most of the sale. Hope they have one again real soon.

Depends on how twitchy the Chinese investors are. If they are looking to bail, then yea, probably so.

I would probably pull the trigger on the 700 downside and sell on the 500 upside if you are dow trading. The big boys will likely change their computerized metrics to pull the trigger sooner in the downfall, and then sell a bit quicker than today.

If you are an options trader, look for a stock that is over inflated in price, has had a good run the past 2 years, and is heavily owned by institutions. Expect those stocks to take a beating.

(08-24-2015 02:45 PM)UofMstateU Wrote:  Depends on how twitchy the Chinese investors are. If they are looking to bail, then yea, probably so.

I would probably pull the trigger on the 700 downside and sell on the 500 upside if you are dow trading. The big boys will likely change their computerized metrics to pull the trigger sooner in the downfall, and then sell a bit quicker than today.

If you are an options trader, look for a stock that is over inflated in price, has had a good run the past 2 years, and is heavily owned by institutions. Expect those stocks to take a beating.

stop giving away trade secrets

make 'em do the due and let them put their schlong on the block.....

jk....most have mincy ones anyway wall st. knows that.....

edit: that was mean.....

(08-24-2015 09:32 AM)stinkfist Wrote:  edit: a visual seems necessary...

The Chinese behave like capitalists internationally. But abroad that communist stupid creeps over the landscape like the itchy red blanket of failed statist dreams it is. An entire city of the same dreary building? OH YES LET ME MOVE THERE RIGHT AWAY.

I don't agree, btw, with assessments that the Dow will collapse. Some observations:

- What matters isn't what number the Dow is, but what it represents in purchasing power. Price the Dow in gold for a better idea of what I'm on about here. The Dow has been losing purchasing power for about a decade now. It has been eaten away by a weak dollar and high inflation.

- Due to the Fed pumping trillions of dollars into the system and essentially eliminating interest rates, money has flooded into stocks. And for good reason. When your savings account is making 0.25% ... why bother? Even long term CDs are well below 1.5%. Hell you'd be better off top level state bonds at that point. Bonds having a 4x better return than savings accounts is a giant red flag waving in front of your face of how manipulated the Fed has made this economy.

- This little charade is being kept going by the Fed's liquidity pump and a lack of competing currency on the global markets. The wealthy can always (and do) go into commodities to escape bad currencies. That's not so easy an option for the average joe putting his 401k somewhere.

- The Fed has no exit strategy. If they keep the liquidity pump going, they're destroying the purchasing power of those on fixed income, the poor, and the lower middle class. That money is then being shifted to big banks who get the money for basically free and loan it out at 5% or higher. It risks a dollar collapse if another viable global currency can be created or chosen. If the Fed tries to raise rates to shut off the liquidity pump and defend against inflation, the game of musical chairs abruptly halts, and the giant bubble we've pumped up in the financial sector pops. Stocks will tank HEAVILY, interest rates will soar, and the tepid housing market which has struggled even at < 5% on a 30 year fixed will grind to a halt as interest rates soar against the background of stagnant wages and lowered purchasing power. Credit will dry up, and our economy, tied to Santa's jolly fat *** and conspicuous consumption, will tank. The second of those options is politically not viable. The Fed therefore will keep the pumps running and gamble the dollar itself to keep the fake prosperity going and cheat the US creditors out of being paid what they should by paying back in lesser money.

(08-24-2015 03:08 PM)georgia_tech_swagger Wrote:  I don't agree, btw, with assessments that the Dow will collapse. Some observations:

- What matters isn't what number the Dow is, but what it represents in purchasing power. Price the Dow in gold for a better idea of what I'm on about here. The Dow has been losing purchasing power for about a decade now. It has been eaten away by a weak dollar and high inflation.

- Due to the Fed pumping trillions of dollars into the system and essentially eliminating interest rates, money has flooded into stocks. And for good reason. When your savings account is making 0.25% ... why bother? Even long term CDs are well below 1.5%. Hell you'd be better off top level state bonds at that point. Bonds having a 4x better return than savings accounts is a giant red flag waving in front of your face of how manipulated the Fed has made this economy.

- This little charade is being kept going by the Fed's liquidity pump and a lack of competing currency on the global markets. The wealthy can always (and do) go into commodities to escape bad currencies. That's not so easy an option for the average joe putting his 401k somewhere.

- The Fed has no exit strategy. If they keep the liquidity pump going, they're destroying the purchasing power of those on fixed income, the poor, and the lower middle class. That money is then being shifted to big banks who get the money for basically free and loan it out at 5% or higher. It risks a dollar collapse of another viable global currency can be created or chosen. If the Fed tries to raise rates to shut off the liquidity pump and defend against inflation, the game of musical chairs abruptly halts, and the giant bubble we've pumped up in the financial sector pops. Stocks will tank HEAVILY, interest rates will soar, and the tepid housing market which has struggled even at < 5% on a 30 year fixed will grind to a halt as interest rates soar against the background of stagnant wages and lowered purchasing power. Credit will dry up, and our economy, tied to Santa's jolly fat *** and conspicuous consumption, will tank. The second of those options is politically not viable. The Fed therefore will keep the pumps running and gamble the dollar itself to keep the fake prosperity going and cheat the US creditors out of being paid what they should by paying back in lesser money.

and this will be what they see in the mirror....it's inescapable...that dayum light reflects quickly....sometimes it takes some a bit more to see it.....the fundamentals are not there based on the 'why' (creation)....and so many are all-in....I hope I'm dead when it happens....even costa doesn't provide THAT out....

(08-24-2015 03:21 PM)stinkfist Wrote:  

He is, to me, the great mystery of modern American monetary policy. He authored several papers on The Gold Standard in support of it before he was appointed. Then when appointed he become the great printing press. I want to know either what changed his mind or what compelled him through incentive or otherwise to do what he didn't believe in.