Stock Market CRASH Thread....Are we all doomed?

puukao · August 24, 2015

Dow Jones OPENS up down about 1,100 points......Yes, DOWN over 1,000 points...

At this moment, Dow "only" down 300; however, clearly the volatility is bad and the Bear is hungry!!! Maybe we close down 1,000!!!! Who knows.....

So, how will this affect you? Worried?

I have friends that lost 50k this week......and now their retirement can only buy them a guesthouse in Issan.

Shares of AAPL under 100.......My iphone!!!!!

Hope everyone was either in bonds or cash last week!!!

They say the "REAL CRASH" will be in September..........but nobody knows..

China down big, of course

India down big, of course

The SKY IS FALLING!!!!!!!!!

mommysboy · August 24, 2015

Just from the analysis I pick up on BBC radio, the predominant thought was a global stock market correction caused by overvaluation. Yet today for the first time mention of a real Asian economic crisis was made. So yes something big going down I'd say.

MaeJoMTB · August 24, 2015

China is only 1% down from December last year ....... hardly BIG!

JDGRUEN · August 24, 2015

Anyone who has put their money in U.S. or any other stock market since 2008 with the Fed and the U.S, Treasury trading debt for the electronic printing of worthless money by the Billions and Billions to infuse the stock market is a DIM BULB... There is no such thing as a free lunch... Not to mention the cases of insider trading using all sorts of schemes revealed over the past 7 years ...

And people still trust putting money into the stock market ..!!! Fricken Amazing ...

puukao · August 24, 2015

China is only 1% down from December last year ....... hardly BIG!

Clearly the timeline was in the last few days. The context was not since last December.

If that was the case, we would be happy if the market fell 50% in a day, since still up from 20-years ago!!!

Or if 100,000 people perish, the Earth's population is still growing!!!

it's all in context...

Gweiloman · August 24, 2015

What goes up will eventually come down. And what goes down will (hopefully) go up one day. Diversify. Keep some stocks. Keep some annuities. Keep some bonds. Keep some cash, preferably in a few different currencies. I have sizeable holdings in RM. These are now only there to earn interest. I spend HKD dollars instead. Pounds sterling invested in properties in the UK. Sing dollars as a reserve currency.

Most of all, don't worry about things that you can't control.

Asiantravel · August 24, 2015

Just from the analysis I pick up on BBC radio, the predominant thought was a global stock market correction caused by overvaluation. Yet today for the first time mention of a real Asian economic crisis was made. So yes something big going down I'd say.

BBC world business report were interviewing an emerging markets specialist from Société Générale who said what is coming could in his opinion be worse than the Asian economic crisis in 1997 because this time around the declining stock markets and currency depreciations are happening simultaneously around the world even including places like South America.

And i just read this last week

23 Nations Around The World Where Stock Market Crashes Are Already Happening

http://theeconomiccollapseblog.com/archives/23-nations-around-the-world-where-stock-market-crashes-are-already-happening

lostoday · August 24, 2015

China is only 1% down from December last year ....... hardly BIG!

China's main stock index I believe is off 60% since June

Stock markets slid across Asia and a number of regional currencies fell to fresh multiyear lows. China’s main stock index, which closed 8.5% lower on Monday, has tipped into negative territory for the year after gaining as much as 60% through its June peak. Benchmarks in Japan and Australia both shed nearly 4%.

http://www.marketwatch.com/story/china-shares-wipe-out-2015-gains-as-stocks-tumble-85-2015-08-24

Edited August 24, 2015 by lostoday

NeverSure · August 24, 2015

delete

Edited August 24, 2015 by NeverSure

lostoday · August 24, 2015

Anyone who has put their money in U.S. or any other stock market since 2008 with the Fed and the U.S, Treasury trading debt for the electronic printing of worthless money by the Billions and Billions to infuse the stock market is a DIM BULB... There is no such thing as a free lunch... Not to mention the cases of insider trading using all sorts of schemes revealed over the past 7 years ...

And people still trust putting money into the stock market ..!!! Fricken Amazing ...

Stock market or bank what's the difference?

JDGRUEN · August 24, 2015

delete

I didn't say the Fed Printed money -- trading debt -- monetizing the debt is a better word. And what I mean is assuming the market stimulated by the huge beyond huge money infusion eventually has to fall. Getting money out is a good thing - when one gets it out before it falls flat.-- but miss the timing and it all goes to pot... Right now it don't look so good for those who hung on ... Years can go by and it is all good ... but believing it will stay good - on and on and on ... leaving the money there ... Many doing this will suffer and suffer greatly if this fall continues...

JDGRUEN · August 24, 2015

Anyone who has put their money in U.S. or any other stock market since 2008 with the Fed and the U.S, Treasury trading debt for the electronic printing of worthless money by the Billions and Billions to infuse the stock market is a DIM BULB... There is no such thing as a free lunch... Not to mention the cases of insider trading using all sorts of schemes revealed over the past 7 years ...

And people still trust putting money into the stock market ..!!! Fricken Amazing ...

Stock market or bank what's the difference?

Unless one is a big big player - with managed diversification in all sorts of things - there is no safe place these days for the small guy -- and a small guy is one who cannot count many millions ... Hope and a prayer is all one can have...

a99az · August 24, 2015

It's so very comforting to know that it will not make a farts difference to me.

puukao · August 24, 2015

It's so very comforting to know that it will not make a farts difference to me.

But your picture is of a Buddhist who cares for others!!!!

I give all my money to others and care when their retirement goes down!!

Quit being so selfish when in Thailand!!!

just kidding...

haha

a99az · August 24, 2015

Anyone who has put their money in U.S. or any other stock market since 2008 with the Fed and the U.S, Treasury trading debt for the electronic printing of worthless money by the Billions and Billions to infuse the stock market is a DIM BULB... There is no such thing as a free lunch... Not to mention the cases of insider trading using all sorts of schemes revealed over the past 7 years ...

And people still trust putting money into the stock market ..!!! Fricken Amazing ...

Stock market or bank what's the difference?

The only stock I buy is gold bullion (the real stuff you can hold in your hand) houses and can beens. only a loon would lend a bank any real money as for gambling on the stock market I leave that to the boys who can afford to lose and lose big.

NeverSure · August 24, 2015

Anyone who has put their money in U.S. or any other stock market since 2008 with the Fed and the U.S, Treasury trading debt for the electronic printing of worthless money by the Billions and Billions to infuse the stock market is a DIM BULB... There is no such thing as a free lunch... Not to mention the cases of insider trading using all sorts of schemes revealed over the past 7 years ...

And people still trust putting money into the stock market ..!!! Fricken Amazing ...

I doubled my money (that I had invested) in the US stock market between mid 2008 and March of 2014 and still missed the top by 2,000 points. I simply saw the stocks as being on a fire sale and bought fundamentals. I bought stock this morning (Monday) when the DOW was down more than 700 points, not caring how much the market dropped. I've been watching two stocks with great upside potential for growth (imho) and I bought them for long term.

I'm not smart enough to time the market. I buy fundamentals.

It is illegal for the US government or the Fed to buy its own newly issued debt. It has to sell Treasuries in the open marketplace and increase debt to raise more money. Great Britain and The Eurozone issue debt which they buy themselves which is obviously something you don't try at home. Great Britain buys its own debt because it doesn't have the buyers at the low interest rates that the US has denominated in USD.

Worry about ~~Europe first~~ Asia first and then Europe and then the US.

China is the one that's been infusing its stock market with money to try to prop it up but it ran out of bullets. The general marketplace tells us what things are worth, not governments. China is in a major liquidity crisis as it has been trying to prop up its banks, real estate market, stock market and government needs. It also doesn't have a market for bonds big enough to carry it.

Worry about Australia which sold its soul to the Devil China in those commodity deals and now that China's in the toilet as are commodity prices Australia won't be seeing any money from that angle soon. Australia forgot to build a manufacturing sector which could actually create wealth.

Cheers. (LOL)

puukao · August 24, 2015

It is interesting Gold didn't really rally today...

anyhow, I cannot wait until the next shoe drops........yields on US bonds!!!!

Get that 10-year back to 6%!!!!! This 2% is not good for me!!! i don't need to borrow money...

Then you buy some Municipal Bonds........and it's all good from there...

Dow down 200.....might go positive!!!!

or might not!!!!

lol

mommysboy · August 24, 2015

China is only 1% down from December last year ....... hardly BIG!

Stock markets are future based. What was originally thought to be a correction is now turning in to a rout due to an iminent economic downturn in Asia. Thailand is in the thick of it, and has indeed been underperforming most other Asean countries for some time.

Asiantravel · August 24, 2015

Anyone who has put their money in U.S. or any other stock market since 2008 with the Fed and the U.S, Treasury trading debt for the electronic printing of worthless money by the Billions and Billions to infuse the stock market is a DIM BULB... There is no such thing as a free lunch... Not to mention the cases of insider trading using all sorts of schemes revealed over the past 7 years ...

And people still trust putting money into the stock market ..!!! Fricken Amazing ...

I doubled my money (that I had invested) in the US stock market between mid 2008 and March of 2014 and still missed the top by 2,000 points. I simply saw the stocks as being on a fire sale and bought fundamentals. I bought stock this morning (Monday) when the DOW was down more than 700 points, not caring how much the market dropped. I've been watching two stocks with great upside potential for growth (imho) and I bought them for long term.

I'm not smart enough to time the market. I buy fundamentals.

It is illegal for the US government or the Fed to buy its own newly issued debt. It has to sell Treasuries in the open marketplace and increase debt to raise more money. Great Britain and The Eurozone issue debt which they buy themselves which is obviously something you don't try at home. Great Britain buys its own debt because it doesn't have the buyers at the low interest rates that the US has denominated in USD.

Worry about ~~Europe first~~ Asia first and then Europe and then the US.

China is the one that's been infusing its stock market with money to try to prop it up but it ran out of bullets. The general marketplace tells us what things are worth, not governments. China is in a major liquidity crisis as it has been trying to prop up its banks, real estate market, stock market and government needs. It also doesn't have a market for bonds big enough to carry it.

Worry about Australia which sold its soul to the Devil China in those commodity deals and now that China's in the toilet as are commodity prices Australia won't be seeing any money from that angle soon. Australia forgot to build a manufacturing sector which could actually create wealth.

Cheers. (LOL)

you seem to give the impression that you believe USA is somehow insulated from what is happening around the rest of the world?

And yet some commentators are saying that secretly things are so bad because of the unpayable levels of debt (including in USA) that the only way out will be for America to start a war and that those in power realise this.

do you agree or disagree with that kind of viewpoint?

And if there was a major conflict would you continue to own your stocks and would you keep buying?

Edited August 24, 2015 by Asiantravel

NeverSure · August 24, 2015

delete

I didn't say the Fed Printed money -- trading debt -- monetizing the debt is a better word. And what I mean is assuming the market stimulated by the huge beyond huge money infusion eventually has to fall. Getting money out is a good thing - when one gets it out before it falls flat.-- but miss the timing and it all goes to pot... Right now it don't look so good for those who hung on ... Years can go by and it is all good ... but believing it will stay good - on and on and on ... leaving the money there ... Many doing this will suffer and suffer greatly if this fall continues...

There aren't more USD in the world today than there were before QE1. The "money supply" that the Fed increases is the amount of money available to the private sector. That is increased by increasing the percentage of depositors' money that banks may loan. That can be reeled back in by decreasing that percentage. It has nothing to do with diluting the value of the dollar. If the Fed wants more money sloshing around and wants people to borrow and spend it increases what banks can do and then stimulates with lower interest rates.

Those rates are influenced by what the Fed will pay banks for surplus funds at its Overnight Window where it takes deposits from banks and lends to other banks so they can meet reserve requirements. If banks can get only 0.25% at the Window, they'll be enticed to lend it at favorable rates to the general economy.

As for market timing, the savvy investors don't. They rode out all of the "crashes" including 1970's, 80's, etc. etc. to today and will ride out this one. Buffet buys for the long haul and buys companies he believes in.

If you have bought $1,000 worth of either Walmart or Microsoft when you were young and working you'd be a multi-millionaire today with no regard for market swings. That's how they did it. Bill Gates became the richest man in the world by riding Microsoft without regard for market swings.

Cheers.

Edited August 24, 2015 by NeverSure

Asiantravel · August 24, 2015

delete

I didn't say the Fed Printed money -- trading debt -- monetizing the debt is a better word. And what I mean is assuming the market stimulated by the huge beyond huge money infusion eventually has to fall. Getting money out is a good thing - when one gets it out before it falls flat.-- but miss the timing and it all goes to pot... Right now it don't look so good for those who hung on ... Years can go by and it is all good ... but believing it will stay good - on and on and on ... leaving the money there ... Many doing this will suffer and suffer greatly if this fall continues...

There aren't more USD in the world today than there were before QE1. The "money supply" that the Fed increases is the amount of money available to the private sector. That is increased by increasing the percentage of depositors' money that banks may loan. That can be reeled back in by decreasing that percentage. It has nothing to do with diluting the value of the dollar. If the Fed wants more money sloshing around and wants people to borrow and spend it increases what banks can do and then stimulates with lower interest rates.

Those rates are influenced by what the Fed will pay banks for surplus funds at its Overnight Window where it takes deposits from banks and lends to other banks so they can meet reserve requirements. If banks can get only 0.25% at the Window, they'll be enticed to lend it at favorable rates to the general economy.

As for market timing, the savvy investors don't. They rode out all of the "crashes" including 1970's, 80's, etc. etc. to today and will ride out this one. Buffet buys for the long haul and buys companies he believes in.

If you have bought $1,000 worth of either Walmart or Microsoft when you were young and working you'd be a multi-millionaire today with no regard for market swings. That's how they did it. Bill Gates became the richest man in the world by riding Microsoft without regard for market swings.

Cheers.

cough and splutter! Come on you are former banker

it's a bit disingenuous of you to represent what's going on right now as a market swing. You know what's going on -the global debt Ponzi is ending.

NeverSure · August 24, 2015

you seem to give the impression that you believe USA is somehow insulated from what is happening around the rest of the world?

And yet some commentators are saying that secretly things are so bad because of the unpayable levels of debt (including in USA) that the only way out will be for America to start a war and that those in power realise this.

do you agree or disagree with that kind of viewpoint?

And if there was a major conflict would you continue to own your stocks and would you keep buying?

I don't believe that the US is insulated at all.

As for the rest of it, invest in tinfoil hats.

The UK's debt is about the same as that of the US as a percentage of GDP and yet the UK doesn't have the economic engine to support it. The UK's debt is increasing rapidly as it tries to support all of its "good ideas" which are choking it and yet people point at the US. The increase in US debt has moderated significantly while the UK's has skyrocketed.

Also the UK can and does buy its own new debt while the US can't because it's illegal. Go figure that one out. If you want to look at something scary look at Europe. Asia is an also ran but Europe is a big deal. The Eurozone and the EU are as shaky has hell.

I'm in USD today because... Where else would I be? The value of the USD is only that compared to other currencies and nothing else. We are always "in the market" even if we don't want to be. Our homes, money, other investments all are subject to value cycling. So of course are precious metals. Gold. There is no place to hide.

Those who frighten easily run for cover and often at the wrong time - after values drop. Seriously they do.

mommysboy · August 24, 2015

you seem to give the impression that you believe USA is somehow insulated from what is happening around the rest of the world?

And yet some commentators are saying that secretly things are so bad because of the unpayable levels of debt (including in USA) that the only way out will be for America to start a war and that those in power realise this.

do you agree or disagree with that kind of viewpoint?

And if there was a major conflict would you continue to own your stocks and would you keep buying?

I don't believe that the US is insulated at all.

As for the rest of it, invest in tinfoil hats.

The UK's debt is about the same as that of the US as a percentage of GDP and yet the UK doesn't have the economic engine to support it. The UK's debt is increasing rapidly as it tries to support all of its "good ideas" which are choking it and yet people point at the US. The increase in US debt has moderated significantly while the UK's has skyrocketed.

Also the UK can and does buy its own new debt while the US can't because it's illegal. Go figure that one out. If you want to look at something scary look at Europe. Asia is an also ran but Europe is a big deal. The Eurozone and the EU are as shaky has hell.

I'm in USD today because... Where else would I be? The value of the USD is only that compared to other currencies and nothing else. We are always "in the market" even if we don't want to be. Our homes, money, other investments all are subject to value cycling. So of course are precious metals. Gold. There is no place to hide.

Those who frighten easily run for cover and often at the wrong time - after values drop. Seriously they do.

Eh !!!!!!

You have a pretty weird view of the UK.

NeverSure · August 24, 2015

cough and splutter! Come on you are former banker

it's a bit disingenuous of you to represent what's going on right now as a market swing. You know what's going on -the global debt Ponzi is ending.

LOL. You would be in your Nuke Proof Bunker^TM then, surrounded by the gold you plan to eat?

This stock market crash isn't about global debt concerns. It's about a crash in China and weak performance in the rest of Asia and... Europe. We have a global economy and no one is immune from trouble in other markets.

Cheers.

PS: When you have definitive word that the US Fed has announced it is defaulting on all US debt, send me a PM, OK?

mommysboy · August 24, 2015

My comment meant for neversure

NeverSure · August 24, 2015

I actually enjoy talking about a Crash In China^TM after listening to all of the nonsense from the unwashed about how China is The Next Big Deal^TM. I've enjoyed the junk about how China has so much surplus money that it is the lender of choice to the US government and how China is controlling gold with all of its money. Hogwash of course but the tinfoil hats have believed it up until now when the truth can't be ignored. China is in a severe liquidity crisis having fired all of its bullets trying to prop up its failing banks, real estate markets (ghost cities etc.) and now it failed to prop up its stock market.

Cheers.

NeverSure · August 24, 2015

Eh !!!!!!

You have a pretty weird view of the UK.

The UK is pretty weird.

mommysboy · August 24, 2015

Eh !!!!!!

You have a pretty weird view of the UK.

The UK is pretty weird.

No weirder than the US, and actually both economies are the only big guns posting any sort of recovery.

Enough hot air.

puukao · August 24, 2015

just got a call from the Fed:

they had the US Treasury pump another 23097842984723489027349374392804723 trillion into the market.

i asked, "Won't this destroy future generations?"

then we both laughed...

mommysboy · August 24, 2015

Dow Jones will bounce back. This is really about an Asian slump.

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