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Author Topic: Market opens and the DOW plummets.  (Read 2540 times)

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Offline JohnnyReb

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Market opens and the DOW plummets.
« on: August 24, 2015, 08:36:12 AM »
Down a bunch in the first 3 minutes according to TV SPECIAL report.
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Offline JohnnyReb

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Re: Market opens and the DOW plummets.
« Reply #1 on: August 24, 2015, 09:00:05 AM »
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“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline obumazombie

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Re: Market opens and the DOW plummets.
« Reply #2 on: August 24, 2015, 09:47:21 AM »
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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Offline Revolution

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Re: Market opens and the DOW plummets.
« Reply #3 on: August 24, 2015, 11:37:07 AM »
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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Offline libertybele

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Re: Market opens and the DOW plummets.
« Reply #4 on: August 24, 2015, 12:14:24 PM »
Quote from: Revolution on August 24, 2015, 11:37:07 AM
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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Offline DumbAss Tanker

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Re: Market opens and the DOW plummets.
« Reply #5 on: August 24, 2015, 12:16:19 PM »
It's all Bush's fault.
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Offline libertybele

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Re: Market opens and the DOW plummets.
« Reply #6 on: August 24, 2015, 12:22:47 PM »
Quote from: DumbAss Tanker on August 24, 2015, 12:16:19 PM
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.”

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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I believe in the United States of America as a government of the people, by the people, for the people; whose just powers are derived from the consent of the governed, a democracy in a republic, a sovereign Nation of many sovereign States; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice, and humanity for which American patriots sacrificed their lives and fortunes. I therefore believe it is my duty to my country to love it, to support its Constitution, to obey its laws, to respect its flag, and to defend it against all enemies.

Offline The Stranger

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Re: Market opens and the DOW plummets.
« Reply #7 on: August 25, 2015, 07:05:57 AM »
Quote from: libertybele on August 24, 2015, 12:14:24 PM
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!
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