The Serious Stock Market Crash Thread

[Toro]

I bought into the close. The last 20 minutes saw a selloff, but for the most part, the day was pretty good. Or at least it wasnt bad. We had two pieces of pretty bad news today which initially caused a selloff but was then bought. Technically, the indices are in a near term uptrend as today's trading range held above yesterday's, which was above Friday's. On the minus side, Canada closed at the lows and went below yesterday's trading range. However, oil hit a weekly high though stocks did not.

 

[william the wie]

What about all the death crosses (50 day ma crossing the 200 day ma downward) in all major indices?

 

[Toro]

What about all the death crosses (50 day ma crossing the 200 day ma downward) in all major indices?

It's at 1280 on the SP500. The SP500 is at 1192. There is serious resistance ~1250. I plan to sell before there.

 

[Full-Auto]

What about all the death crosses (50 day ma crossing the 200 day ma downward) in all major indices?

It's at 1280 on the SP500. The SP500 is at 1192. There is serious resistance ~1250. I plan to sell before there.

The dow is down

The Bob Rivers Show with Bob Spike and Joe

 

[saveliberty]

Iz up 5% in a week, looking to sell and wait on the October blood bath.

 

[Toro]

The XLU has recovered all it's losses from the crash.

 

[KissMy]

People are not going to rush back into stocks. Any day now another crisis in Europe will take the market down another notch.

39% of Americans believe the current economic downturn is part of a long-term permanent decline and the economy will never fully recover.

 

[Toro]

People are not going to rush back into stocks. Any day now another crisis in Europe will take the market down another notch.

39% of Americans believe the current economic downturn is part of a long-term permanent decline and the economy will never fully recover.

People have been withdrawing for the past decade. It became especially acute in 08-09 during the Financial Crisis. Doesn't mean can't have some good rip-your-face-off rallies though. After all, its the machines that control things now.

 

[mal]

People are not going to rush back into stocks. Any day now another crisis in Europe will take the market down another notch.

39% of Americans believe the current economic downturn is part of a long-term permanent decline and the economy will never fully recover.

People have been withdrawing for the past decade. It became especially acute in 08-09 during the Financial Crisis. Doesn't mean can't have some good rip-your-face-off rallies though. After all, its the machines that control things now.

Once this Generational Correction has Faded the Market will Consistently Climb...

and Gold will shit the bed.

Just like after the last one in 1983.



peace...

 

[Truthmatters]

so how does this bode for privatizing SS?

 

[mal]

so how does this bode for privatizing SS?

Social Security is Doomed... the Boom Generation will Expose it for what it was Warned to be way back in the Day...

One can only Hope that all of the Drugs and bad shit they did will Knock them off Sooner rather than Later...

It's really our only Hope.



peace...

 

[Immanuel]

so how does this bode for privatizing SS?

Actually, it should prove to the intelligent individual that even in the worst of times, the market doesn't drop to zero and all is not lost.

Only an idiot puts all their eggs in one basket. Likewise only an idiot pulls all of their money out of the market during a temporary set back. Likewise only an idiot would retire today and yank all of their money out of the market the next day especially when the market was down.

To me this is more proof that privatized SS would be good for the country.

Privatization of SS does not mean someone should be choosing individual stocks and bonds for their accounts, it simply means that when they retire, the money is theirs and if they should pass away weeks before retirement that their family is actually provided for rather than left out in the cold to rot.

Immie

 

[TruthSeeker56]

People are not going to rush back into stocks. Any day now another crisis in Europe will take the market down another notch.

39% of Americans believe the current economic downturn is part of a long-term permanent decline and the economy will never fully recover.

People have been withdrawing for the past decade. It became especially acute in 08-09 during the Financial Crisis. Doesn't mean can't have some good rip-your-face-off rallies though. After all, its the machines that control things now.

Once this Generational Correction has Faded the Market will Consistently Climb...

and Gold will shit the bed.

Just like after the last one in 1983.



peace...

The big "elephant" in the room that people are acknowledging, and constantly referring to, is the elephant named "Precedence".

There is ANOTHER "elephant" in the room that is trying to emerge from the shadow of the first elephant. His name is "uncharted territory".

Precedence, aka "living in the past", will DESTROY those "don't worry about it" people who are foolishly using past stock market trends, past economic history, and past precious metals trends to soothe the people who have every reason to be very worried about their financial future and their retirement income.

The supporters of "precedence" are ignoring the other "elephant" in the room:

1. They are ignoring the record $14+trillion debt.
2. They are ignoring the record $1.6 trillion budget deficit.
3. They are ignoring the flooding of our economy with paper promises.
4. They are ignoring the fact that 90+% of the U.S. GDP is being used to service our debt.
5. They are ignoring the fact that the U.S. stock market is built on a foundation of paper, because the SEC is just as complicit as the investment banks and shorts and day traders and all of the other profiteers and carpetbaggers who control Wall Street.
6. They ignore the fact that gold and silver are the ONLY true sources of monetary stability, and the gold and silver "boom" is mostly derived from a simple case of SUPPLY and DEMAND.
7. They ignore the fact that most of Europe is in dire economic straits.
8. They refuse to acknowledge the fact that the USA is also in dire economic straits.

The FACT of the matter is, there is NO PRECEDENCE that can be used, in good conscience, to predict what will happen to the U.S. stock market in the next several days, or what will happen to the U.S. economy in the next several months.

The stock market is going to fall, and fall HARD. Gold and silver will continue to increase in value, because enough people, and enough countries, understand that the U.S. dollar is going down the drain, and the U.S. dollar will not recover.

When Bernanke and the Federal Reserve started their Quantitative Easing charade (QE1 and QE2) it marked the beginning of the end of the Federal Reserve system.

Let the stock market proponents keep their "eggs in one basket". Let them watch in horror as their 401Ks and mutual funds and individual stocks lose value day in and day out. They will ultimately pay a horrible price for their shortsightedness and GREED.

 

[Toro]

The market is acting very poorly today. The Dumb Money pushed the market higher in the first hour but it has been sold ever since. The Smart Money jumped in at 2pm to find a bottom but it's struggling. The bounce off the lows last week is hanging by a thread. Any further weakness and I will liquidate my positions and wait for a firmer bottom.

 

[KissMy]

People are not going to rush back into stocks. Any day now another crisis in Europe will take the market down another notch.

39% of Americans believe the current economic downturn is part of a long-term permanent decline and the economy will never fully recover.

People have been withdrawing for the past decade. It became especially acute in 08-09 during the Financial Crisis. Doesn't mean can't have some good rip-your-face-off rallies though. After all, its the machines that control things now.

Another poll that = bad news for the market.

The Gold to Dow ratio is defiantly going to go to less than 5:1. We may even be heading for a re-test of the 2009 lows.

 

[Toro]

It looks like the crash is continuing this morning. I will cut my losses and exit.

Signs of stress in the inter-bank markets continue. Interestingly, with the exception of Greece, CDS on all the PIIGS has fallen over the past few days. But that may have been a headfake.

http://www.cnbc.com/id/44185339

 

[BoycottTheday]

Tell ya what, put in a business friendly Administration and you'll look stupid for not buying anything not nailed down.

Give Obama another term and you might as well turn the lights out.

Id say the old school advice of 80% in safe secure investments and 20% in risky ones like todays market still works.

Why people put 100% of their investments in the market or one kind of investment is beyond me.

 

[Toro]

Tell ya what, put in a business friendly Administration and you'll look stupid for not buying anything not nailed down.

Give Obama another term and you might as well turn the lights out.

Id say the old school advice of 80% in safe secure investments and 20% in risky ones like todays market still works.

Why people put 100% of their investments in the market or one kind of investment is beyond me.

Stocks have done better (so far) under Obama than they did under Bush. In fact, returns to stocks under Bush were near the lowest of any President since the Depression.

Now I'm not blaming Bush and praising Obama. Far from it. But in truth, many other factors outweigh who is in power affecting stock returns.

I do agree that most people should right now be in safe assets for anything other than the very long term.

 

[BoycottTheday]

The small investor just needs to know everything is stacked against them

You cant compete with the machines and those close to the action.

Make smart investments and stick with them, if 80% of your assets are in safe secure investments, the 20% you are risking for the big payout wont kill ya if you make a wrong bet, sure try gold stocks or pork bellies with the 20%.


The bottom line is if you cant sleep at night worrying

you are in the wrong investment.

 

[KissMy]

I see so many people who think gold will peak as in the 1970's & drop like a stone. This is not the 70's unsubstantiated gold panic. Back in the 70's we had a huge Social Security trust fund to raid & we only had a Debt to GDP ratio of 30%. We had the productive boomer workforce to carry the load.

Today the Debt to GDP ratio is 100%, the SS trust fund has been raided, unfunded liabilities are $115 trillion & the boomer's are now a drag. There is no question that the dollar will fall, taxes will rise & benefits will be rationed. There are not enough investments to provide for the retiring boomer's. They now need to live on their investments & are pulling their money.