The Serious Stock Market Crash Thread

[william the wie]

At 6:30pm on Sunday, Dow futures are down 300.

I feel like an idiot. If I had instituted my new strategy 6 months back I would be positioned perfectly.

 

[dilloduck]

At 6:30pm on Sunday, Dow futures are down 300.

I feel like an idiot. If I had instituted my new strategy 6 months back I would be positioned perfectly.

That's why they call it gambling.

 

[Immanuel]

My thoughts are that only an idiot panic sells. If you call your broker first thing in the morning and tell him to start selling, it is already too late.

I think people should be looking for some good buys tomorrow and no, I don't have any recommendations.

The question people should be asking is not "how far will it fall?", but rather "how long will it take to recover?"

Immie

 

[Flopper]

I think this is just a panic adjustment based on the realization that this functional if not technical recession will be around for a while.

The market is functioning as it should.

If I were speculating which I don't, I would be buying well diversified US stocks on any weakness. I'm 10% in gold and will hold that position but I certainly will not buy more. When the economy starts moving, which it will eventually, gold will fall like a rock.

 

[Flopper]

My thoughts are that only an idiot panic sells. If you call your broker first thing in the morning and tell him to start selling, it is already too late.

I think people should be looking for some good buys tomorrow and no, I don't have any recommendations.

The question people should be asking is not "how far will it fall?", but rather "how long will it take to recover?"

Immie

True. The market has already discounted the credit downgrade and is looking ahead. If your speculating, looking at old news is a sure way to lose your shirt.

 

[Ernie S.]

Gold is $1,700.20/oz Up 36 bucks since the far East opened.
Not going to be a good day on Wall Street.

 

[Toro]

We could crash again today.

Or ...

We could be setting up for a bottom.

Bottoms occur at the height of fear and panic. It often manifests in the futures market before the open, when the market is down 200-300 points off something like the downgrade. Watch what happens to the market during the day. If it is a bottom, it will often occur in the first hour. The rest of the day will likely see buying into the close, with the market closing on the highs of the day. Then, on Tuesday or Wednesday, we should see some follow through on the upside.

Or, we could just be crashing again.

 

[editec]

We could crash again today.

Or ...

We could be setting up for a bottom.

Bottoms occur at the height of fear and panic. It often manifests in the futures market before the open, when the market is down 200-300 points off something like the downgrade. Watch what happens to the market during the day. If it is a bottom, it will often occur in the first hour. The rest of the day will likely see buying into the close, with the market closing on the highs of the day. Then, on Tuesday or Wednesday, we should see some follow through on the upside.

Or, we could just be crashing again.

We're either crashing or we're crashed?

That's a safe bet, I guess.

Now how does one capitalize on that news?

 

[bitterlyclingin]

"stocks go up and stocks go down" JP Morgan,
"If you can keep your head about you when all others are losing theirs..." Rudyard Kipling
Its only when you have a Socialist, or would be Socialist, whose very members of his own "Brain Trust" advisors made personal pilgrimages to the Soviet Union two years before the Great depression made its presence felt on these shores who also had a personal tete a' tete with none other than Joseph Stalin during that visit, and then were put into positions of power here where they could implement some or all of those Socialist ideas gleaned from their visit to the USSR, that ordinary two year economic downturns turn into twelve year Great Depressions. Communes in Arizona and bringing to trial the Shechter Brothers, immigrant Kosher butchers from Brooklyn, for violating New Deal regulations by criminally letting their customers select which chickens they wanted slaughtered, indeed.

 

[Truthmatters]

I guess you will all move to the latin markets now huh?

 

[Truthmatters]

Its open, lets see how the predictions hold up

 

[KissMy]

You don't need to buy gold today on a high but anyone who does not have gold as a part of their portfolio is a complete fool.

 

[Truthmatters]

Its pretty late to get into gold.

 

[Flopper]

We could crash again today.

Or ...

We could be setting up for a bottom.

Bottoms occur at the height of fear and panic. It often manifests in the futures market before the open, when the market is down 200-300 points off something like the downgrade. Watch what happens to the market during the day. If it is a bottom, it will often occur in the first hour. The rest of the day will likely see buying into the close, with the market closing on the highs of the day. Then, on Tuesday or Wednesday, we should see some follow through on the upside.

Or, we could just be crashing again.

We're either crashing or we're crashed?

That's a safe bet, I guess.

Now how does one capitalize on that news?

Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
Will Rogers

 

[Toro]

Woowee! Now that's a beatdown! Dow down 635. S&P down 80. Russell 2000 down 64. Small cap stocks fell 7% today. Large caps were down 6.7%. The S&P is down 13.4% in August, the worst start to August ever.

 

[CrusaderFrank]

Woowee! Now that's a beatdown! Dow down 635. S&P down 80. Russell 2000 down 64. Small cap stocks fell 7% today. Large caps were down 6.7%. The S&P is down 13.4% in August, the worst start to August ever.

Well what did you expect when we have a POTUS who makes Alger Hiss look like an American Founding Father?

 

[cloudy]

The other thread has turned into the usual mindless political hack garbage. This thread is to discuss the stock market crash without blaming everything on Republicans or Democrats by people who barely know the difference between a stock and livestock.

The UK has fallen 12% in 5 days. Switzerland has fallen 17% in 2 weeks.

Crash and burn baby burn! I hope they go belly up, without getting any government help this time, NO BAILOUTS!

 

[Toro]

Woowee! Now that's a beatdown! Dow down 635. S&P down 80. Russell 2000 down 64. Small cap stocks fell 7% today. Large caps were down 6.7%. The S&P is down 13.4% in August, the worst start to August ever.

Well what did you expect when we have a POTUS who makes Alger Hiss look like an American Founding Father?

This is the Serious Stock Market Crash Thread. Please post all political slandering in the other thread. Thanks.

 

[Baruch Menachem]

It is worth noting that not just the US Markets tanked today. They all did.

And that it isn't just about Obama. As much as that would bother him. It is also about Spain and Italy beging given handouts to do more of the same as well. The Eruo bank bailed out the Italians and Spaniards, who will not do reform, but seem determined to take the rest of europe with them.

 

[DavidS]

A friend of mine got out when Boehner walked away from Obama for "moving the goal posts."

We were above 12,000 then.

I'm not sure we're going to end the week above 10,000.