Has anybody noticed the U.S. stock market decline?

originally posted by: MystikMushroom
Bye bye 401k ... it's been real.

Sheesh, at this rate my 401k will be a 101k when I retire.

You'll be lucky if you don't end up owing money to somebody.

a reply to: MystikMushroom

I look at your avatar and can't help but singing "I went through the danger zone! Right in to the danger zone!" Dang you!

a reply to: xuenchen

Refer Crete,It will be your pensions and savings they reboot with

originally posted by: xuenchen
Today (Aug 21, 2015), the U.S. Dow30 dropped more than 500 points.

The Dow was at 18,000 a month ago and today it closed at 16,459.75 !!!!

What the Hell is happening?

Oil is down too I think and maybe other markets and commodities.

The meltdown is starting and is anybody really all that concerned?

US stocks tumble on global slowdown fears

NEW YORK (AP) — Growing concerns about a slowdown in China shook markets around the world on Friday, driving the U.S. stock market to its biggest drop in nearly four years.

The rout started in Asia and quickly spread to Europe, battering major markets in Germany and France. In the U.S., the selling started early and never let up. Investors ditched beaten-down oil companies, as well as Netflix, Apple and other technology darlings. Oil plunged below $40 for the first time since the financial crisis, and government bonds rallied as investors raced into hiding spots.

W.T.F. !!

It is a big story, but at the same time it isn't. There needed to be a correction in the market, and given the current issues around the world it was going to happen sooner or later. One of the bigger factors was China's dramatic economic decline, but most likely somebody was tipped off that FED rates were for sure being raised next month and that sparked a panic.

The whole "recovery" was simply a way for the elite to increase their net worth much faster than normal off of the backs of everyone else's hard work.

People need to actually have money in order to buy the things companies are selling. If that doesn't happen, the rich can't continue getting richer off of the stock market because stock values will eventually crash.

The middle class is almost extinct at this point, yet somehow low low interest rates were supposed to fix that? Idiots, all of them...They either don't understand why that model can't work, or refuse to accept it.

I'm starting to wonder if the elite actually want a revolution to happen, because it will eventually if nothing changes.

a reply to: Danke

I read that the fed leak was most likely on purpose because in the past similar leaks of rate hikes make the market go up, but it didn't work this time. That was why yesterday was ominous.

originally posted by: ketsuko
a reply to: MystikMushroom

That's the Alien Universe too. The Corporations like Weyland-Yutani and others.

Yeah, it's a common theme in science fiction...just like in the book I'm reading, "Ready Player One" (which Spielberg is making into a movie). In that universe corporations have as much power as governments, and can arrest and enslave you for things like debt.

originally posted by: SunnyDee
a reply to: Danke

I read that the fed leak was most likely on purpose because in the past similar leaks of rate hikes make the market go up, but it didn't work this time. That was why yesterday was ominous.

Is it because the Fed is still going ahead with raising the rates in September? Is that why they're spooked?

The movie I think of with corporations running the world is Idiocracy. I could see that scenario play out too, with the idiots running around these days! (love this movie, BTW)

a reply to: texasgirl
No, I don't think so. I am a simpleton in this area, I just follow that internet stories on the market is all. I think a rate hike is actually what the market wants, yet, everything is so fragile right now, it may want it, but it will break it. Really at this point, just about anything could trigger anything.

a reply to: Danke

Of course, they want a revolution.

The revolution they have been pushing is for global socialism because socialism needs to have a centralized control model, and who do you think will float to the top of the chaos and take control?

They will. Why do you think nothing is ever really done to stop the so-called revolutionaries who preach global socialism ... people like Russell Brand and the like? People like the Pope? People like Bernie Sanders? It's because they are pushing for that revolution, the revolution that leads to the top down, bottom up global elite tyranny.

There is nothing new or truly free or truly revolutionary about it.

originally posted by: SunnyDee

originally posted by: RealTruthSeeker
IMO this is the best time to buy, while it might seem like everything is going down hill I doubt it is. Give it a week and everything will be back to normal. If your smart you could make good money right now off this.

Seriously? Give us one good reason to believe in a strong comeback and resurgence in this market at this time?

Because it happens every time. The market drops, people panic, then the market comes back and people are happy again. It always comes back and those who get in while the market is down usually always come out ahead when things get back to normal. You could easily make a few grand from this if you put the money in the right place. Of course I have no proof that things will come back to normal, but I've been watching the market for awhile and it always seems to come back.

Now if only I would have kept that money instead of spending it on Disney Land.

originally posted by: dawnstar
the silence on it is kind of disconcerting???

oh well, those who have no money can't really lose much money I guess...

What can they say?

"I knew it was coming, but I don't know what to do, so I will just have to hope I will be able to weather the storm".

Many Americans are not individually invested in the stock market. They know a drop is bad, but they don't really know how that translates in their lives.

A shopper knows a dozen eggs that used to cost 99 cents, now costs over three dollars. They know that two hundred dollars used to buy them close to a month's worth of crappy food, and now they can barely eek out a week's worth of crappier food with smaller portions, for the same amount of money.

As long as they can slide by, they will continue to believe the lie. The veil is shredded and barely hanging, but as long as one string is dangling, you are going to have those that will continue to clutch on to the illusion.

People do nothing when their options are dwindling. They barter when their options are limited. They transform when their options are nonexistent.

No beast is as evil, vicious, deadly, or inhumane as a human that has run out of options.

originally posted by: SunnyDee
a reply to: texasgirl
No, I don't think so. I am a simpleton in this area, I just follow that internet stories on the market is all. I think a rate hike is actually what the market wants, yet, everything is so fragile right now, it may want it, but it will break it. Really at this point, just about anything could trigger anything.

The stocks do seem to go up whenever the rates are hiked but it might be different this time. Generally, a rate hike signals that the economy is better and investors become more confident.

But there are whispers that the economy is not doing as well as it should and a rate hike could be disastrous for us all. And that has investors spooked, I think. Also, China's troubles are scaring us, too.

Of course, I could be wrong. It's just my thinking aloud.

Stocks will fall flat on Nov 19, 2015. This "correction" is a warning. Invest in peanut butter, water and toilet paper.

originally posted by: MystikMushroom
I wonder when it all crashes down again, if this time private corporations will step in to save us all instead of governments?

Then we'll have one of those corporate dystopian futures like in Robocop ... everything is owned by the "corporation" because they bought it all up and saved us all from economic ruin.

Shadowrun. Or Idiocracy.

At least Shadowrun has dragons.

a reply to: SunnyDee

Yeah it's all a big charade, which is unfortunate because the stock market on it's own is a wonderful system. The idea of investing money you worked hard for into a company you believe in is truly a good thing.

Same goes for capitalism as a system. The idea that the best product will be bought, thus forcing the competition to create a better product is a great idea. It provides incentive for people to study hard, work hard, and get payed for that hard work.

No system no matter how good it is will ever work as long as humans are the ones maintaining them. The greedy, power hungry, evil, and corrupt people of the world will always infiltrate and eventually bring down those systems.

a reply to: RealTruthSeeker

Yes you are absolutely right, the market drops and then comes back. You are not accounting for all that happens on the way down. This week's drop is just a small thing. We here are talking about a big drop, like below 10,000, or even worse. Lives change in that kind of scenario. Yes, when we all see a 5000 dow and IF any of us has anything to invest, we surely should. We can ride it up to the new top and get rich. (But you see, let's say you have 150,000$ in your 401k today. Lets say the market crashes this fall to 5000 from 16400 of today. You will have lost 2/3 of your money if you stay in the market and ride it out.) Yes you can ride the market up again, but it's like you just wasted 10 years of your life investing to watch it go poof.

I withdrew my 401k last year when I lost my job. I'd rather take it out and pay a penalty and tax than to lose it because of the market.

a reply to: texasgirl

I agree with you.

And yep, if only we had a crystal ball.

originally posted by: ketsuko
a reply to: Danke

Of course, they want a revolution.

The revolution they have been pushing is for global socialism because socialism needs to have a centralized control model, and who do you think will float to the top of the chaos and take control?

They will. Why do you think nothing is ever really done to stop the so-called revolutionaries who preach global socialism ... people like Russell Brand and the like? People like the Pope? People like Bernie Sanders? It's because they are pushing for that revolution, the revolution that leads to the top down, bottom up global elite tyranny.

There is nothing new or truly free or truly revolutionary about it.

I agree with you to an extent. I do think there are some elite that want a revolution so they can try and implement global socialism, or a NWO of sorts. However, I believe the majority of even the .1% aren't in on that plan.

It is simply a cluster____ of greedy sociopaths that care more about that next dollar than anything else, and refuse to change even if that means high risk of the plebs hanging them from the gallows in the morning.