The Conservative Cave
Current Events => General Discussion => Topic started by: JohnnyReb on August 24, 2015, 08:36:12 AM
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Down a bunch in the first 3 minutes according to TV SPECIAL report.
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First 2 or 3 short paragraphs tell the tale.
http://finance.yahoo.com/news/u-s--stocks-poised-to-plunge-as-traders-race-into-safe-havens-121002330.html#
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None of it is owebuma's fault I'm sure.
When the market was doing moderately well, the libs hyped it as doing tremendously well and attributed it's(hyped) performance to owebuma's policies.
Now the shoe is on the other foot.
But for the one possible outlier holdout of the stock market all of owebuma's policies have been abject failures.
The time is ripe to say that owebuma's policies are failures all across the board.
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Just saw on my phone that stocks have rebounded a fair bit of ground. How? Can someone explain the gritty world of Wallstreet to me? I understand stocks for bubkus.
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Just saw on my phone that stocks have rebounded a fair bit of ground. How? Can someone explain the gritty world of Wallstreet to me? I understand stocks for bubkus.
Two things drive the market; fear and greed. Right now fear has taken over. The market opened up this morning with a sell off of over 1,000 pts. As the market declines some investors see that as a buying opportunity and the market rises. I have been in the market for well over 20 years and have never seen it tank that many points ever. Last week the market lost ground as well. The yen is rising against the dollar. China's economy is tanking; several markets across the globe got hit...things are not good.
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It's all Bush's fault.
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It's all Bush's fault.
The "Donald" has it right. If we are not careful China WILL take us down. I think this is just the beginning.
..."Donald Trump wasn’t content to tweet once or even twice about Monday’s market rout. The billionaire frontrunner for the Republican presidential nomination also took to Instagram to rip China, saying “be careful — they’ll bring us down.â€
Trump began his rant by tweeting “we are so tied in with China and Asia that their markets are now taking the U.S. market down.†...
http://www.marketwatch.com/story/watch-donald-trump-warn-china-will-bring-us-down-2015-08-24
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Two things drive the market; fear and greed. Right now fear has taken over. The market opened up this morning with a sell off of over 1,000 pts. As the market declines some investors see that as a buying opportunity and the market rises. I have been in the market for well over 20 years and have never seen it tank that many points ever. Last week the market lost ground as well. The yen is rising against the dollar. China's economy is tanking; several markets across the globe got hit...things are not good.
Greed was the reason it was/is so over inflated NOW. Fear is the reason it is crashing now.
The market is being run by low to zero interest rates for one thing. No place to put money other then the stock market so it will fluctuate aimlessly.
I have been saying for more then a year the crash is coming, whether this is it or not who knows. It's all paper money, no cash to back anything, it's way over inflated. With interest rates so low and being 19 trillion in debt the guvmit can do nothing to stop it this time like in the past. Biggest problem is the LOW to non existent interest rates!