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

[sandyf]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

Today the Shanghai stock exchange is 3160, this week last year it was 2326. If that is a crash, it does not say much for the Dow.

If you walk into a casino and get 100 pounds worth of chips, one hour later you have 1000 pounds worth of chips and then 3 hours later you cashout for 110 pounds and go home. have you really lost anything?

It would appear many think that is a devastating loss. Loss of perspective is the real danger here.

[lostoday]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

Today the Shanghai stock exchange is 3160, this week last year it was 2326. If that is a crash, it does not say much for the Dow.

If you walk into a casino and get 100 pounds worth of chips, one hour later you have 1000 pounds worth of chips and then 3 hours later you cashout for 110 pounds and go home. have you really lost anything?

It would appear many think that is a devastating loss. Loss of perspective is the real danger here.

It says nothing about the DOW. The DOW is about where it was a year ago and quite a bit up from 5 years ago.

If you are implying that the DOW can be predicted by watching the Shanghai Stock Exchange you are out to lunch.

[sandyf]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

Today the Shanghai stock exchange is 3160, this week last year it was 2326. If that is a crash, it does not say much for the Dow.

If you walk into a casino and get 100 pounds worth of chips, one hour later you have 1000 pounds worth of chips and then 3 hours later you cashout for 110 pounds and go home. have you really lost anything?

It would appear many think that is a devastating loss. Loss of perspective is the real danger here.

It says nothing about the DOW. The DOW is about where it was a year ago and quite a bit up from 5 years ago.

If you are implying that the DOW can be predicted by watching the Shanghai Stock Exchange you are out to lunch.

Do not make things up, I am not implying anything.

[lostoday]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

Today the Shanghai stock exchange is 3160, this week last year it was 2326. If that is a crash, it does not say much for the Dow.

If you walk into a casino and get 100 pounds worth of chips, one hour later you have 1000 pounds worth of chips and then 3 hours later you cashout for 110 pounds and go home. have you really lost anything?

It would appear many think that is a devastating loss. Loss of perspective is the real danger here.

It says nothing about the DOW. The DOW is about where it was a year ago and quite a bit up from 5 years ago.

If you are implying that the DOW can be predicted by watching the Shanghai Stock Exchange you are out to lunch.

Do not make things up, I am not implying anything.

If before a sentence means it is a question. I wrote, If you are implying the DOW can be predicted by watching the Shanghai Stock Exchange you are out to lunch.

[sandyf]

Today the Shanghai stock exchange is 3160, this week last year it was 2326. If that is a crash, it does not say much for the Dow.

If you walk into a casino and get 100 pounds worth of chips, one hour later you have 1000 pounds worth of chips and then 3 hours later you cashout for 110 pounds and go home. have you really lost anything?

It would appear many think that is a devastating loss. Loss of perspective is the real danger here.

It says nothing about the DOW. The DOW is about where it was a year ago and quite a bit up from 5 years ago.

If you are implying that the DOW can be predicted by watching the Shanghai Stock Exchange you are out to lunch.

Do not make things up, I am not implying anything.

If before a sentence means it is a question. I wrote, If you are implying the DOW can be predicted by watching the Shanghai Stock Exchange you are out to lunch.

By asking the question you are making something up that is not there.

[lostoday]

It says nothing about the DOW. The DOW is about where it was a year ago and quite a bit up from 5 years ago.

If you are implying that the DOW can be predicted by watching the Shanghai Stock Exchange you are out to lunch.

Do not make things up, I am not implying anything.

If before a sentence means it is a question. I wrote, If you are implying the DOW can be predicted by watching the Shanghai Stock Exchange you are out to lunch.

By asking the question you are making something up that is not there.

You wrote, "Today the Shanghai stock exchange is 3160, this week last year it was 2326. If that is a crash, it does not say much for the Dow."

That is a comment about the relationship between the DOW and the Shanghai Stock Exchange.

[WorkingTourist]

They could always get a job. You do know that there are 10,000,000 illegal Mexicans working in the USA because the natives won't stoop to do the work?

I wonder why… or maybe not: http://www.huffingtonpost.com/2013/02/01/farm-worker-conditions-modern-slavery-video_n_2593772.html

“For every 32 pounds of tomatoes Leonel Perez picks on Florida farmlands, he says he receives a piece rate of 50 cents”

“Perez said that he and his fellow migrant workers are forced to endure substandard working conditions, all for an average annual salary of just $10,000”

“Bureau of Labor Statistics data shows that one farm worker dies on the job every day and hundreds more are injured.”

Not to mention those who have been lured to the United States with false promises and paid recruitment fees so that they start out being in debt, it’s modern day slavery!

[Linky]

According to mawalen on another thread, if u follow him it is certain, a promise, without doubt, u will make money if u folllow him on the share market.

Those of us with an ounce of sence know this cannot be true but there ate gullible people out there that shysters prey on.

As he is a sponsor we are not allowed to point this out. But as TV has been sold maybe we are allowed to post the truth.

If not, then I think this post will be deleted and I will see u all in a month or so.

[DogNo1]

There are income securities such as preferred stocks, investment level bonds, MLPs, REITs and certain common stocks whose prices are pretty stable. Some maintain the same dividend through downturns and some decrease their dividends when their prices fall. Their prices can go down but usually recover more quickly than the prices of growth stocks. These investments are good for retirement income.

[VIPinthailand]

there was no recovery and next crash, say bye bye to your retirement.

too many countries are totally broke.

don't belive me? that's ok, one day your retirement money won't show up on your bank account. what will you do?

[F4UCorsair]

if the stock market can fall 469 points which the news presenters are attributing to " poor economic data " then surely there will be a lot more of this to come? median US incomes are now 6% less than 1990 incomes. Doesn't that tell you everything?

It tells ME that US incomes are 6% less than 1990 incomes!! But it doesn't tell me everything.

There may be a lot more to come on the positive side too, i.e., significant rises. The stock markets will always respond to hysteria and panic. Fundamentals don't drive the market, hysteria does. Sure, figures are published, and the index may vary a little as a consequence, but the big swings are caused by hysteria.

The Australian market is down 6.6 with an hour to the close. At one stage it was down 90+, following the US which dropped by 469, but the traders and institutions couldn't help themselves, good companies sold down with no rational reason, were too big a temptation, so they bought heavily, and bingo!! Up it goes, like it's attached to a bungee.

I'm invested for dividends, so it matters not a dot what the capital does. I have the same number of shares in only 11 of the top 20 companies in Australia, dividends will be the same (depend on profits, not share price), so I'll knock the top off a bottle of Cab Sav tonight, enjoy a couple of glasses whilst thinking that it would be nicer if the index was still 5960, not 5050, but when it's all said and done, who cares??

I think the west is just realizing that the figures China has been publishing for the past 10 years were rubbery at best, and downright deceptive and misleading at worst.

not trying to talk your strategy foul here but you can't really assume that in case there is a real bear market in the stock markets coming which would be fundamentally more than justified that your blue chip stocks could weather this with the same profits and dividend payments. You're diversified which is good and as long as you derive income from it all power to you but have you seen what can happen to share prices when they cut or cancel dividends? So you don't need to be nervous but at the same time are you far from saved.

I've never had a company in which I'm invested stop paying a dividend, or even reduce it, but I'm sure it would have an effect on the share price, consistent with the PE ratio, maybe slightly worse.

Again, the share price is not of great importance to me.

I have a lot of money in banks, different banks, and they're in the fortunate position of being able to pass on/increase costs to customers to maintain profits, and it's ALL important that they maintain, or increase profits, because it secures the CEO's bonuses!!! That's they key to it. The CEO needs to become super rich.

I'm out of resources completely, and have been for some time, due to falling commodity prices, iron ore and oil, gold, silver, nickel, etc.

As an aside, I noted during that week that the CEO of Qantas has salary/bonus increases from $4 Million to over $12 Million after a turnaround from a $2.5 Billion loss to a $600 Million profit. But.....there was a saving of about $800 Million on fuel due to the falling oil price, so it really wasn't anything he did, but external factors. No matter, give him his huge bonus anyway.

If you ever read annual reports and the agenda for companies AGM's, you will easily be depressed. Even smallish companies are overly generous to their directors. Every time I read an agenda, regardless of how well, or badly, the company is doing, there are grants of millions of shares to directors' superannuation funds, massive amounts of money, and they realize how sensitive it is, so they don't actually publish it in the agenda as was done until a few years back. Now they refer to the Remuneration Report, which most people can't be bothered accessing. Incidentally, a vote on the Remuneration Report is not binding on the boards of these companies. There has been a change in Australia, and I may not have this entirely correct, but if there are two successive votes against the Remuneration Report, above a certain percentage, there is action required by the board, but the required action is such that nothing changes.

[lostoday]

They could always get a job. You do know that there are 10,000,000 illegal Mexicans working in the USA because the natives won't stoop to do the work?

I wonder why… or maybe not: http://www.huffingtonpost.com/2013/02/01/farm-worker-conditions-modern-slavery-video_n_2593772.html

“For every 32 pounds of tomatoes Leonel Perez picks on Florida farmlands, he says he receives a piece rate of 50 cents”

“Perez said that he and his fellow migrant workers are forced to endure substandard working conditions, all for an average annual salary of just $10,000”

“Bureau of Labor Statistics data shows that one farm worker dies on the job every day and hundreds more are injured.”

Not to mention those who have been lured to the United States with false promises and paid recruitment fees so that they start out being in debt, it’s modern day slavery!

Put up a sign. No jobs. Bad working conditions. Stay in Mexico and starve.

[F4UCorsair]

there was no recovery and next crash, say bye bye to your retirement.

too many countries are totally broke.

don't belive me? that's ok, one day your retirement money won't show up on your bank account. what will you do?

What are you going to do when the $hit hits the fan VIPinthailand?

The Prophets of Doom amuse me. If there is no money in the banks, there are no companies doing business, so EVERYBODY is knackered. What then? Civil war?? We're ALL knackered again. The world will then grind to a halt, all over folks.

Edited September 3, 2015 by F4UCorsair

[Naam]

there was no recovery and next crash, say bye bye to your retirement.

too many countries are totally broke.

don't belive me? that's ok, one day your retirement money won't show up on your bank account. what will you do?

the end is nigh!

[sandyf]

Terms like "Stock market crash" are nothing more than journalistic hype and sensationalism. Balanced reasonable rhetoric should be the order of the day, whether you agree with the viewpoint or not. This is how JC Collins puts it.

"What we are witnessing in the monetary world today is the re-balancing of currency as opposed to the collapse of currency. Some will appreciate and some will depreciate. All will leverage one another in a new framework which will slowly emerge in the coming months and years.

This transformation will ultimately reach the point where a multilateral asset (the SDR being the obvious selection) will be utilized to further balance the international monetary framework. How long it takes for this happen will largely depend on the level of expected and unexpected volatility which ensues.

In the meantime, the USD will begin to depreciate.

It can be expected that the decrease in value will be in the 20% to 30% range. There are a number of reasons this will be the range. The decrease in the dollar will increase the costs of imports for Americans.

This increase in import costs will be offset by the increase in domestic production which will unfold from the decrease in the cost of American exports.

With the increase in domestic production and jobs, the momentum to increase minimum wage will grow. It’s hard to imagine the minimum wage increasing higher than the 20% to 30% range which is widely discussed. Though this is not the tell-all metric by which to measure any dollar depreciation, it is a solid place to begin further analysis."

Article

[Naam]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

i wouldn't call +38% of the main Chineses index Shanghai Composite (year on year) "crashing"

a similar remark is warranted when looking at the media's sensational reporting of the Chinese currency's "devaluation" which is presently -2.35% not taking into consideration that CNY (Yuan) is UP vs. nearly all Asia-Pacific currencies and of course vs. a bunch of other currencies.

"are we all doomed?" =

[Naam]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

you ask what's the big deal? don't you ever ask what is wrong with this picture? The DOW is quite a bit up from five years ago and yet one out of every six people in America still can't afford to eat without government assistance. They've now progressed to trading or selling these entitlements to raise cash which is illegal.where is the recovery?

those one out of six people who can't eat without government assistance never saved a single penny to invest it

[Naam]

My point was 10 years from now no one will be trading in US dollars" Jim said. You agree or think he left his brain in NYC?[/background]

all "esteemed gurus" talk shit once in a while

[lostoday]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

i wouldn't call +38% of the main Chineses index Shanghai Composite (year on year) "crashing"

a similar remark is warranted when looking at the media's sensational reporting of the Chinese currency's "devaluation" which is presently -2.35% not taking into consideration that CNY (Yuan) is UP vs. nearly all Asia-Pacific currencies and of course vs. a bunch of other currencies.

"are we all doomed?" =

The Chinese stock market crash began with the popping of the stock market bubble on 12 June 2015.^[2] A third of the value of A-shares on the Shanghai Stock Exchange was lost within one month of the event. Major after shocks occurred around July 27 and August 24's black Monday.

https://en.wikipedia.org/wiki/2015_Chinese_stock_market_crash

Edited September 3, 2015 by lostoday

[elgordo38]

It’s not only the middle class which is shrinking. It is jobs for humans which are also shrinking due to robots automation and software. This is even happening in China supposedly a cheap labour country (a factory in China recently replaced 90% of its human workforce with robots and achieved a productivity increase of 125%) The MIT technology review did a study in 2000 when productivity was still rising robustly but employment suddenly started shrinking noticeably. By 2011 the gap became significant and they called it the great decoupling.

Assembly jobs are disappearing. But they moved away from the West long ago, and are only a fraction of the cost of most products. I believe that they are often seen as a transitional thing for a developing economy.

The big problem in the US is that they are not investing properly in education, so their manufacturing skills are lacking behind, and now China, Japan, Germany, and South Korea are taking these jobs.

Instead the money that should have been taxed and gone into common goods, goes to the elite who use them to buy politicians to make the economic environment even more favorable to their interests, and then gain passive income from the financial markets, furthering the inequality gap.

Round and round she goes and where she stops nobody knows. Hope I am gone by then. I feel for my children, grandchildren and great grandchildren. Life is a long and short road at the same time. I am going back in time watching older movies and realizing they are so much better than the modern crap offered up today. I am soo lucky to be born at the time I was. Jobs good jobs were plentiful employers made money and spent money to increase their business hire more people its all gone today. Yes there is indeed a giant sucking sound its the rich sucking everything out of the system they can leaving nothing of any value behind.

[metisdead]

A post in violation of fair use policy has been removed.

[elgordo38]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

i wouldn't call +38% of the main Chineses index Shanghai Composite (year on year) "crashing"

a similar remark is warranted when looking at the media's sensational reporting of the Chinese currency's "devaluation" which is presently -2.35% not taking into consideration that CNY (Yuan) is UP vs. nearly all Asia-Pacific currencies and of course vs. a bunch of other currencies.

"are we all doomed?" =

The Chinese stock market crash began with the popping of the stock market bubble on 12 June 2015.^[2] A third of the value of A-shares on the Shanghai Stock Exchange was lost within one month of the event. Major after shocks occurred around July 27 and August 24's black Monday.

https://en.wikipedia.org/wiki/2015_Chinese_stock_market_crash

The problem is we trade with these people believing its being done on a level playing field but its far from that. As a "peoples party" they can try to adjust the numbers to make them read what they want. This is now failing. This is a black economy and we stupidly put our trust in these people shipping manufacturing jobs to their shores buying their inferior made junk and look where that has got us. They take the money we sent them and come back and invest it in real estate something over time of true value. They do not keep the paper money long they put it into hard assets.

[Naam]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

i wouldn't call +38% of the main Chineses index Shanghai Composite (year on year) "crashing"

a similar remark is warranted when looking at the media's sensational reporting of the Chinese currency's "devaluation" which is presently -2.35% not taking into consideration that CNY (Yuan) is UP vs. nearly all Asia-Pacific currencies and of course vs. a bunch of other currencies.

"are we all doomed?" =

The Chinese stock market crash began with the popping of the stock market bubble on 12 June 2015.^[2] A third of the value of A-shares on the Shanghai Stock Exchange was lost within one month of the event. Major after shocks occurred around July 27 and August 24's black Monday.

https://en.wikipedia.org/wiki/2015_Chinese_stock_market_crash

if you think wikipedia information is more valuable than facts... up to you!

and if you can't read the numbers or the lines of this one year chart of the Shanghai A index then find somebody to explain them to you.

here's a link:

https://www.comdirect.de/inf/indizes/detail/chart.html?timeSpan=6M&ID_NOTATION=8384719#timeSpan=1Y&e&

here's the chart:

[elgordo38]

Since 2009, companies have bought up an average 2.5 percent of their market capitalization -- that is, the total value of their outstanding stock. In that time, corporations have spent at least $2.4 trillion repurchasing shares, the largest buyback binge since the market last peaked in 2007.

See more http://www.ibtimes.com/behind-sp-500-index-how-stock-buybacks-fuel-bull-market-2017957

Edited September 3, 2015 by Rimmer
14) You will not post any copyrighted material except as fair use laws apply (as in the case of news articles). Please only post a link, the headline and the first three sentences.

[lostoday]

The DOW is about where it was a year ago and quite a bit up from 5 years ago. What's the big deal. China is crashing but that's not the topic is it?

i wouldn't call +38% of the main Chineses index Shanghai Composite (year on year) "crashing"

a similar remark is warranted when looking at the media's sensational reporting of the Chinese currency's "devaluation" which is presently -2.35% not taking into consideration that CNY (Yuan) is UP vs. nearly all Asia-Pacific currencies and of course vs. a bunch of other currencies.

"are we all doomed?" =

The Chinese stock market crash began with the popping of the stock market bubble on 12 June 2015.^[2] A third of the value of A-shares on the Shanghai Stock Exchange was lost within one month of the event. Major after shocks occurred around July 27 and August 24's black Monday.

https://en.wikipedia.org/wiki/2015_Chinese_stock_market_crash

if you think wikipedia information is more valuable than facts... up to you!

and if you can't read the numbers or the lines of this one year chart of the Shanghai A index then find somebody to explain them to you.

here's a link:

here's the chart:

Bloomberg Sept 1

China's Stocks Extend Rout as Factory Data Adds to Economy Woes

China’s stocks fell, extending the biggest two-month tumble since 2008, after an official factory gauge slumped to a three-year low and concern grew that government intervention to shore up equities will fail.

http://www.bloomberg.com/news/articles/2015-09-01/shanghai-composite-set-to-fall-after-manufacturing-contracts

Edited September 3, 2015 by lostoday

[Naam]

now i know i'm not the only one who suffers from Alzheimer's

[lostoday]

now i know i'm not the only one who suffers from Alzheimer's

Analyst Who Predicted Bottom for Shanghai Stocks Sees Further 14% Plunge

The Shanghai Composite Index will sink to 3,200 after plunging 8.5 percent Monday to 3,725.56 in the worst selloff in eight years, DeMark said. That would extend its decline since a June 12 peak to 38 percent.

Chinese stocks will decline by about 14 percent over the next three weeks as the market demonstrates a trading pattern that mirrors the U.S. crash in 1929, according to Tom DeMark, who predicted the bottom of the Shanghai Composite Index in 2013.

http://www.bloomberg.com/news/articles/2015-07-27/demark-sees-14-china-plunge-as-stocks-mirror-1929-u-s-crash

[Naam]

now i know i'm not the only one who suffers from Alzheimer's

Analyst Who Predicted Bottom for Shanghai Stocks Sees Further 14% Plunge

The Shanghai Composite Index will sink to 3,200 after plunging 8.5 percent Monday to 3,725.56 in the worst selloff in eight years, DeMark said. That would extend its decline since a June 12 peak to 38 percent.

Chinese stocks will decline by about 14 percent over the next three weeks as the market demonstrates a trading pattern that mirrors the U.S. crash in 1929, according to Tom DeMark, who predicted the bottom of the Shanghai Composite Index in 2013.

http://www.bloomberg.com/news/articles/2015-07-27/demark-sees-14-china-plunge-as-stocks-mirror-1929-u-s-crash

if Chinese stocks decline another 14% the year-on-year performance of the index would be still be UP 18.8%

i wonder how many of the doom/gloom China bashers made +18.8% during the last 12 months

[slipperylobster]

Chinese are big copy cats....

However, they may be a little ahead of their time. I do not think they have the captialistic savvy it takes to compete in a global market.

At one time, I thought they were up and coming...but I think I am way too early. They had made progress, but perhaps still need savvy.

[sandyf]

now i know i'm not the only one who suffers from Alzheimer's

Analyst Who Predicted Bottom for Shanghai Stocks Sees Further 14% Plunge

The Shanghai Composite Index will sink to 3,200 after plunging 8.5 percent Monday to 3,725.56 in the worst selloff in eight years, DeMark said. That would extend its decline since a June 12 peak to 38 percent.

Chinese stocks will decline by about 14 percent over the next three weeks as the market demonstrates a trading pattern that mirrors the U.S. crash in 1929, according to Tom DeMark, who predicted the bottom of the Shanghai Composite Index in 2013.

http://www.bloomberg.com/news/articles/2015-07-27/demark-sees-14-china-plunge-as-stocks-mirror-1929-u-s-crash

Strange that only certain people have experienced this massive devaluation of the Chinese currency.

2 years ago I was buying Yuan for 5 baht, today Suprrich are asking 5.57. Unfortunately for some of us that have to pay bills in Yuan the cost has only gone up.