US stocks slammed; Dow falls 300-plus points in worst week since 2011

reply to post by Hellas


We the US Government is the largest holder of bitcoins thanks to seizures of the digital currency.

I think it has already been planned and will likely be a digital currency that the elites of the world control. We have been seeing in movies for some time now. If implemented TPTB would have total control to see everything most everyone spends their money on. They really can't track cash or private credit cards and bank statements with out a warrant. It is the next logical step to recover from a major world wide collapse.

reply to post by Hellas


Well, you know they will only let it fall so far.

If the markets open Monday on a downtrend, and the trend continues and worsens, and the inevitable seems to be happening, Obamber will come to the rescue and hit the emergency STOP button and close the markets.

Then, we may see a Greek style bank account raiding take place. That would be my biggest fears if I had any substantial savings.

Didn't some bank just put max limits on monthly cash withdrawals at 50k a month?

Didn't that story just come out that all the richy rich have all their funds stashed in offshore accounts? Not hiding it, but PROTECTING it.

They know what is about to happen.

Didn't they nice it up by calling it "haircuts"?

Lol. Robbery is a "haircut".

Yeah.



Oh, P.S.
It may be the time we all bend over and kiss our 401k's goodbye, too. You know it's coming. The government says they have to take our money because they know how to handle it better than we do, but they will resort to stealing our money, because we seem to be the only ones that really know how to save it.

How ironic is that?

P.S.S. I miss the puke smiley

It wouldn't be the first time I lost money in the stock market. I bet we have lost close to what we have made on it. It seems that the Dow goes up but the stocks we have never does. Especially the pension funds..

I have been following a previous post back in December about the McClellan Financial publications comparing 1928-29 Stock market crash and the chart that was provided shows 1928-1929 market and compares it to current market, from the looks of the graph that was provided the market has not reach the bottom point yet, many say that there will be a 10% correction, well we are 1/3 of the way there. They say History repeats itself so I guess I will keep watching and wait to make my move when the market hits bottom. Take a look its interesting. I will try to update the chart but as it goes windows seven and a old scanner don't work that great together.

rickymouse
It wouldn't be the first time I lost money in the stock market. I bet we have lost close to what we have made on it. It seems that the Dow goes up but the stocks we have never does. Especially the pension funds..

Ya know, I noticed this too. It's always "other" stocks that gain, but the everyday people alwys lose. Now, how funny is that. Not haha funny, but odd funny.

I guess thats one of the perks of being on inside trading, eh?

reply to post by 19KTankCommander


I too, saw that article. I found it rather revealing.
I really expected to see it posted here, and if it was, I missed it.

But, I would imagine it would have been labeled 'doom porn', anyways, because those who believe a correction is due or overdue, know it's GOT to happen, and the rest are just blind to it, and think the 'recovery' is real.

Smoke and mirrors. The smoke will blow away, and the mirrors will soon crack.

Maybe not this week, but it will, soon enough. The money will run dry.

I knew someone was going to create a thread on this. Here we go....

Look people, for future reference, it is NOT the point drop you should freak out about, but how high
the percentage of that point drop is. So a -1.96% drop on the Dow is not even a blip on the radar.
The size of the index is too large for a 300 point move to have any real effect. It looks impressive
but its nothing. On Black Monday of 1987, the Dow dropped by 508 points to 1738.74 (22.61%). That was
scary because the Dow was only around 2200 points, whereas the current Dow is over 15,879.
Huge difference.

So a 22.61% drop on the Dow of today's 15,879 would be 3590 points.

Again huge difference.

Please do your fear mongering then when you see a drop over say 2000 points.

reply to post by Hellas


Not really big news in my opinion! You have to put things in perspective. Equities have rallied quite significantly for the better part of 8yrs. Corrections are expected, it's the markets way of taking a breather. You have to understand that market movements don't go in a straight line. Just pull up a 5 or 10yr chart of the Dow Jones and you'll see that corrections of this magnitude and greater happen all the time before resuming the trend again. Great investors know how to play both sides of the market. Long/short positions.

If anyone can tell me why a 300pt drop at this point is significant, I'm all ears.

Well, over the last week (5 days) the market went -580 points. (3.52%). Not a big deal.

How ever, what happens next week will be the real fun stuff, and going forward.

If the drop continues for the next week or two, it could be rather.... amusing.. and I use that term rather.. sarcastically.

If you like down and dirty market info, I like ZeroHedge. It's doom porn for the market and global politics, and other news that doesn't always make it to the MSM.

This drop is only very significant to someone who bought a leveraged stock at the top and held it during the last two days. I suspect my older brother did this. I can tell him I was expecting a drop but he never seems to pay much attention unless he hears I'm expecting the market to rally and I put everything in it. I think he hears blah, blah, blah, market rally, could drop though, blah, blah, could go up, maybe down, blah, blah, blah.

Looking back over the past two years you can literally draw lines going up. Sp500 is up over 20% last year and up over 50% going back not too far. Fed bond buying coincides with it all. Remove the easy money and we left the top but we are still about 10 feet from the summit. It's like people are shouting, wow, look at the big drop.

SWCCFAN
reply to post by Hellas

 

We the US Government is the largest holder of bitcoins thanks to seizures of the digital currency.

I think it has already been planned and will likely be a digital currency that the elites of the world control. We have been seeing in movies for some time now. If implemented TPTB would have total control to see everything most everyone spends their money on. They really can't track cash or private credit cards and bank statements with out a warrant. It is the next logical step to recover from a major world wide collapse.

WOW my wife still writes checks. I'm pretty sure she is going to go through some form of withdrawals. S&F Peace

muse7
I've been hearing the doomsayers predict the dreaded "stock market collapse" since I joined.

and you will regret ignoring them.

One day, the most valuable thing you can get your hands on will be food and water. Now I'm not saying you need to prep for the end of the world, but if you don't have a suitable stash water and non-perishables then you are going to find life very difficult.

reply to post by Silicis n Volvo


What about the advice for the Canadians? same advice?

Looks like a normal market correction to me. Now if it had dropped 3,000 points instead of 300 ... we'd be talking about a meltdown or a major correction or something. But 300 ?? Just a normal 'bad day' on the market. IMHO

reply to post by Libertygal


I finally got that scanner to work, sorry about the quality of pic running low on ink as well, so here is the updated chart, I guess one has to think history will be repeating itself, since we had almost a 500 point loss in two days.

Anyone want to look for themselves go to McCellan.com and Dow charts, put the same start date listed on chart and you can match them up. Its to eerie to see them and make one think. I will continue to watch this.

Looks like they are planning to reset up to 4 counties money issues this weekend

CNBC Currency Reset over this weekend

Not sure which currency will be affected but most likely Argentina.

We will see if Lindsey Williams is really telling the truth now

Start at the 24 minute mark

I heard a panel on MSNBC that wealthy Chinese quit the markek, left China. Something about the emerging markets not doing good and money getting real tight for loans.

Markets could be further whipped up ahead of the Fed

Markets could continue to be whipsawed in the week ahead, as investors await the Fed's statement and watch the emerging markets selloff to see if a more dire story is brewing.

The Fed issues its post-meeting statement Wednesday afternoon and is widely expected to announce a second phase of tapering, with another $10 billion cut to its once $85 billion bond-buying program. The meeting is also the last to be chaired by Fed Chairman Ben Bernanke, who leaves Friday. Fed Vice Chair Janet Yellen will take over the role.

CNBC

What are you up to Ben?

CNBC Global Recession Is Coming - Marc Faber

19KTankCommander
reply to post by Libertygal

 

I finally got that scanner to work, sorry about the quality of pic running low on ink as well, so here is the updated chart, I guess one has to think history will be repeating itself, since we had almost a 500 point loss in two days.

Anyone want to look for themselves go to McCellan.com and Dow charts, put the same start date listed on chart and you can match them up. Its to eerie to see them and make one think. I will continue to watch this.

Awesome observation. It's remarkable how these psychological patterns repeat over time... and ironic how frustrating it is that we appear doomed to repeat the same pattern of economic mistakes, yet it is at the same time a relief to have time-tested records available for preparation. When the stock market crashed in 1929, it paved the way for governments, gangsters and racketeers to wage wars on every level (leading to WW2). Provided that history does repeat itself in this juncture, perhaps WW3 is closer than we think?

This is worth keeping an eye on...