Nikkei is Open, Already dropped 440 points, down 2.24 %

and people said the yaun was gonna be the next reserve currency.
i don't think so.

Are they devaluing their currency on purpose

Tying our market into theirs was foolish.... Communists don't need stock markets!

originally posted by: onequestion
Are they devaluing their currency on purpose

Yes. We're in a fascinating scenario right now. The Fed's monetary policy and low interest rates combined with Eurozone instability have actually caused the dollar's value to soar. China holds a lot of US debt, so a strengthening dollar is really bad news for them (and every other nation that has bought the US' debt). By devaluing the Yuan, they are placing downward pressure on equities and commodities in the market, trying to strengthen their position.

It really highlights why globalism is a bad idea and serves as a destructive force to the citizens of pretty much every nation. The games nations play with their own currency almost always run in opposition to what would be best for their own citizens.

Woohooo its crashing like a cardhouse on steroids!!!

Gold currency valued at almost seven trillion, world debt seventeen trillion.

originally posted by: onequestion
Are they devaluing their currency on purpose

a reply to: infolurker

And it has now doubled in 4 hours since you made this OP. -888. Wow. Tumble and crash here we go. No way Dow falls less than 500 in the morning.

Dow Futures are already down 380.

The Shanghai is off its lows but still has a way to go before close. Many ATSers kept saying the economy was going to crash this fall. It's kind of eerie to actually see it happen though.

However at this point I'm skeptical on how low our markets will go, the Fed will probably implement some sort of QE program to try to prop it up again.

originally posted by: Agit8dChop
a reply to: Kratos40

wooo its getting ugly now that china is back from its lunch break! :/

Is green good? I am color blind. Oh wait it's supposed to be black, so the green is red. Go Bears! Bear market that is.

not to worry yet....maybe next month huh!
this is just the big boys hitting their unsquared candles for the usd upmove....which happened at midnight in New York....silver is the leader of the investment pack of wolves. they have to hit those past price levels because they left money there! see how it works....I'm a chart hacker!!

originally posted by: asmall89
Dow Futures are already down 380.

The Shanghai is off its lows but still has a way to go before close. Many ATSers kept saying the economy was going to crash this fall. It's kind of eerie to actually see it happen though.

However at this point I'm skeptical on how low our markets will go, the Fed will probably implement some sort of QE program to try to prop it up again.

How is that going to happen exactly? They will just do some Q and E every 4-5 years until it plummets in a day? This is just the beginning. The government will want to make it look like it is in control, but that is just the frontrunner story. There is much going on behind the scenes that won't make any page of any paper. There is a reason for this happening right now. If the ATS'rs knew about it many months before, why would it still happen? Because it is written and true. This is going to start a war- or we are on an ELE. There is no other option.

while the Asian markets continue to drop, this will only help make the dollar continue to rise and make the U.S. seen as the only safe bet amongst this chaos...sorry fear mongers we won't see a repeat of 08/09

originally posted by: Agit8dChop
a reply to: Kratos40

wooo its getting ugly now that china is back from its lunch break! :/

Oh... wow. Dropped another 400+ since I opened the thread.

Feels like the big one to me ... hope everyone here has a chair ready when the music stops.

Will they close markets this week?

How bad might they let it get first?

Grabbing some cash outta the atm tomorrow. Better safe than sorry....

originally posted by: Fowlerstoad
Feels like the big one to me ... hope everyone here has a chair ready when the music stops.

Will they close markets this week?

How bad might they let it get first?

Grabbing some cash outta the atm tomorrow. Better safe than sorry....

Don't panick your money will be worth the same weather it's in the bank or your hands.

originally posted by: Fowlerstoad
Feels like the big one to me ... hope everyone here has a chair ready when the music stops.

Will they close markets this week?

How bad might they let it get first?

Grabbing some cash outta the atm tomorrow. Better safe than sorry....

This is just the market correcting itself. The drop that the US markets are experiencing right now is based on speculation and fear only. This will make the U.S. Dollar continue to rise to new record highs which will in turn make the U.S. Market seem as the only safe bet

a reply to: muse7

Until the end of September, and its doomsday porn

economictimes.indiatimes.com...

That was a bad idea.....

I'm hedging my bets on something interesting happening between the 15th and 20th of September.

Time will tell though, it seems Sept/Oct. is a favorite time for these types of things.

originally posted by: maddy21
economictimes.indiatimes.com...

That was a bad idea.....

Wasn't that a fantastic idea if the stock starts recovering?

Essentially they just built a middle class if that happens.

Strong middle class = purchasing power = leverage in the global markets

Leverage = power