Another BLOOD BATH expected tomorrow in the stock market....

[Vigilante]

• Here We Go Again: China Halts Trading For The Entire Day After Another 7% Crash
  1/6/2016, 9:39:01 PM · by TigerClaws · 9 replies
  Zero Hedge ^
  Following the collapse of offshore Yuan to 5 year lows and decompression to record spreads to onshore Yuan, The PBOC has stepped in and dramatically devalued the Yuan fix by 0.5% to 6.5646. This is the biggest devaluation since the August collapse. Offshore Yuan has erased what modest bounce gains it achieved intraday and is heading significantly lower once again. Dow futures are down 100 points on the news.

 

[Moonglow]

China is only 28 trillion in debt.....and you thought Oblama blew a big wad....

 

[Vigilante]

This SMELLS LIKE 2008, only worse!

• Chinese stock markets suspended after shares fall 5%
  Channel News Asia ^ | 07 Jan 2016
  Chinese stock markets suspended after shares fall 5% Trading was halted for 15 minutes on China's stock markets on Thursday (Jan 7) morning after shares fell more than five per cent, triggering an automatic "circuit breaker". Posted 07 Jan 2016 09:57 SHANGHAI: Trading was halted for 15 minutes on China's stock markets on Thursday (Jan 7) morning after shares fell more than five per cent, triggering an automatic "circuit breaker". The benchmark Shanghai Composite Index slumped 5.45 per cent, or 183.14 points, to 3,178.70.

 

[Freewill]

What if they call in their debt? I wish I had confidence in my financial adviser being prepared.

 

[JimBowie1958]

China has over extended its economic production for years, trying to maintain a 7% growth rate. Their real estate market has been completely phoney with huge ghost cities built and ready for occupancy, but no buyers.

Their economy is due a correction, and that will hurt our stocks also, but I doubt it will get as bad as 2007 very soon, unless western banks have been selling them Default Trade Swap contracts on their real estate.

Obama has pumped our stock market up with cheap interest, QE, and bullshit government stats. I would be surprised if the market rolled back about 20% over the next month to a year or so, but I doubt it will go under 14000 for a few years if it ever does again.

 

[Freewill]

China has over extended its economic production for years, trying to maintain a 7% growth rate. Their real estate market has been completely phoney with huge ghost cities built and ready for occupancy, but no buyers.

Their economy is due a correction, and that will hurt our stocks also, but I doubt it will get as bad as 2007 very soon, unless western banks have been selling them Default Trade Swap contracts on their real estate.

Obama has pumped our stock market up with cheap interest, QE, and bullshit government stats. I would be surprised if the market rolled back about 20% over the next month to a year or so, but I doubt it will go under 14000 for a few years if it ever does again.

I was looking at housing prices and it appears there is a bubble forming, that did not go well for the country in 2007.

 

[JimBowie1958]

China has over extended its economic production for years, trying to maintain a 7% growth rate. Their real estate market has been completely phoney with huge ghost cities built and ready for occupancy, but no buyers.

Their economy is due a correction, and that will hurt our stocks also, but I doubt it will get as bad as 2007 very soon, unless western banks have been selling them Default Trade Swap contracts on their real estate.

Obama has pumped our stock market up with cheap interest, QE, and bullshit government stats. I would be surprised if the market rolled back about 20% over the next month to a year or so, but I doubt it will go under 14000 for a few years if it ever does again.

I was looking at housing prices and it appears there is a bubble forming, that did not go well for the country in 2007.

Please, do your self a favor and go see 'The Big Short'. It is an eye opener that will help you understand the continental scale fraud going on in our financial and real estate market.

Despite the fraud, or maybe even because of it, the federal government wont let the markets collapse again without throwing everything that isnt nailed down into the steam broiler engines of our economic system.

 

[Vigilante]

China has over extended its economic production for years, trying to maintain a 7% growth rate. Their real estate market has been completely phoney with huge ghost cities built and ready for occupancy, but no buyers.

Their economy is due a correction, and that will hurt our stocks also, but I doubt it will get as bad as 2007 very soon, unless western banks have been selling them Default Trade Swap contracts on their real estate.

Obama has pumped our stock market up with cheap interest, QE, and bullshit government stats. I would be surprised if the market rolled back about 20% over the next month to a year or so, but I doubt it will go under 14000 for a few years if it ever does again.

I was looking at housing prices and it appears there is a bubble forming, that did not go well for the country in 2007.

I believe FAZ would be a good bet for the next few weeks as the market should be hit with this China problem.

 

[waltky]

Granny ain't worried...

... she got her money inna...

... chain o' Mexican taco stands."

 

[JimBowie1958]

Granny ain't worried...

... she got her money inna...

... chain o' Mexican taco stands."

hope they arent named 'Chipotle', lol

 

[JimBowie1958]

US DOW futures down more than 400 points I saw on the news.

Does one sell and lock in losses or stay in and hope things get better?

Whatever one does, no one can have any rational confidence anything will happen in the short run, other than todays blood bath.

The Federal Reserve interferes far too much for that.

 

[Freewill]

China has over extended its economic production for years, trying to maintain a 7% growth rate. Their real estate market has been completely phoney with huge ghost cities built and ready for occupancy, but no buyers.

Their economy is due a correction, and that will hurt our stocks also, but I doubt it will get as bad as 2007 very soon, unless western banks have been selling them Default Trade Swap contracts on their real estate.

Obama has pumped our stock market up with cheap interest, QE, and bullshit government stats. I would be surprised if the market rolled back about 20% over the next month to a year or so, but I doubt it will go under 14000 for a few years if it ever does again.

I was looking at housing prices and it appears there is a bubble forming, that did not go well for the country in 2007.

Please, do your self a favor and go see 'The Big Short'. It is an eye opener that will help you understand the continental scale fraud going on in our financial and real estate market.

Despite the fraud, or maybe even because of it, the federal government wont let the markets collapse again without throwing everything that isnt nailed down into the steam broiler engines of our economic system.

50 years ago my dad told me that these stock market fluctuations were the rich taking back their money, they do it from time to time. I remember that and i think him right. I just wonder where the money goes that leaves the stock market.

Any way. I would watch the video you suggest but I am tired of watching things that only get me angry, upset or defeatists. Especially about things that there is almost nothing I can do. I watched video about how gold and silver was the investment to be in so I had my FA buy silver at what I thought was a low price, it was. I told him I was going to make a lot of people mad, and I did. The price sank even lower and has yet to recover. Then we find out some of the gold selling companies were ripping people off. The whole stock market deal is almost like going to a casino.

 

[Freewill]

US DOW futures down more than 400 points I saw on the news.

Does one sell and lock in losses or stay in and hope things get better?

Whatever one does, no one can have any rational confidence anything will happen in the short run, other than todays blood bath.

The Federal Reserve interferes far too much for that.

You have to ride it out where else is there to go? Gold is down, Silver is down, oil is down. Tech stocks like Apple are down. Maybe these are buying opportunities? Hopefully this is just a short term situation and the ship will get righted. But if not, look out.