Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Like Tree15Likes

Reply
 
LinkBack Thread Tools
Old 08-21-2015, 02:36 PM   #1
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Stocks down 2 days in a row

So, yesterday over 350 0ff and now chasing 500 down for the day. This is getting interesting folks. If we have any ugliness over the weekend, like the Norks tossing a few missiles at Seoul, we could have some real fireworks on Wall Street Monday morning.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-21-2015, 02:44 PM   #2
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2444 times
Folks at the PPT must be a bit distracted with the SEC folks' porn library. Someone is dropping the ball.
ancona likes this.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 08-21-2015, 03:02 PM   #3
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Minus 526 and falling at 4:01, which doesn't paint a very pretty picture for da boyz this afternoon. I'd pay money to be a fly on the wall at the lounges in Manhattan this afternoon.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-21-2015, 04:43 PM   #4
Ground Beetle
 
11C1P's Avatar
 
Join Date: Aug 2013
Location: North Dakota
Posts: 959
Liked: 502 times
North Korea shooting at the South is like wanna be tough guys hanging out at the local stop and rob. You don't worry when they are in the lot acting tough, you worry when they get real quiet.
11C1P is offline   Reply With Quote
Old 08-24-2015, 07:21 AM   #5
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2444 times
Look out below!


China stock market imploding. Looks like fecal matter is spattering everywhere.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 08-24-2015, 10:07 AM   #6
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Down 452. Uncle Sugar bought it back up from nearly a thousand points in the red this fine morning.

Hide those nail guns Boyzz!
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-24-2015, 10:13 AM   #7
Ground Beetle
 
11C1P's Avatar
 
Join Date: Aug 2013
Location: North Dakota
Posts: 959
Liked: 502 times
I am always still amazed at how some of these pundits on T.V. can keep a straight face. When the Dow had "recovered" to only being down like 5-600 points they are saying this is not a big point drop, but when it goes up 100 they start dancing and singing like everyone simultaneously won the lottery.
ancona likes this.
11C1P is offline   Reply With Quote
Old 08-24-2015, 12:00 PM   #8
n00b
 
Join Date: Aug 2015
Posts: 8
Liked: 2 times
Unhappy stock market fall

Hoping for the best this week..
sunction is offline   Reply With Quote
Old 08-24-2015, 12:34 PM   #9
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
and silver drops- I dont get it
Penn is offline   Reply With Quote
Old 08-24-2015, 01:35 PM   #10
Ground Beetle
 
11C1P's Avatar
 
Join Date: Aug 2013
Location: North Dakota
Posts: 959
Liked: 502 times
Yeah, all the metals and oil down and even when the market was still down 800 points the VIX was pretty flat. I don't know how to make heads or tails of anything going on today,
11C1P is offline   Reply With Quote
Old 08-24-2015, 01:57 PM   #11
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Now back down to -575 and falling.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-24-2015, 02:22 PM   #12
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Down over 613 and falling per FINVIZ. I wonder if Da Boyz are going to run out at twenty til four and catch this falling knife like they usually do?

I watched the magic this morning as they levitated the morning crash from down almost a thousand to around two hundred down. Then, drip, drip, drip. All day long the faucet dripped and dripped. Now we wait. Maybe they rescue this mess and maybe they don't.

If they carry the market, it sends a signal that anything goes, and mistakes will be tolerated, rewarded even, and I don't think they will do that. Prudence is warranted here, and in the face of what has been a very ugly few days, I say they let it ride and see what tonight brings in Asia. Maybe cooler heads prevail, so let's wait and see may be the play of the day.
rblong2us likes this.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-24-2015, 02:34 PM   #13
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2444 times
Originally Posted by 11C1P View Post:
Yeah, all the metals and oil down and even when the market was still down 800 points the VIX was pretty flat. I don't know how to make heads or tails of anything going on today,
VIX has been on a rollercoaster today:

http://www.bloomberg.com/quote/VIX:IND

Opened at 28.03. Rocketed to over 50, dove back to 30, and now back to ~40. Those are pretty big moves.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 08-24-2015, 02:43 PM   #14
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Levitation time!

Up almost three hundred points in a few minutes on no news. Someone is buying huge blocks of random stocks in steady-steady mode. We'll see if they keep it up in to the close.

Uncle Sugar isn't even truing to hide it anymore.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-24-2015, 02:55 PM   #15
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Drifting back down a little bit at -420, and it looks like the boys are running out of steam at six minutes before the bell. Probably going to close just under five hundred down. Far better than the thousand points under water we saw this morning, but dismal nonetheless.

Although, a lot can happen in six minutes, just ask the Brotherhood of Darkness.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-24-2015, 03:04 PM   #16
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Closed at -506 and small change. Going to be some sore asses tonight. I hope Asia calms down because if not, and if China allows the market to just keep on doing it's thing and find her own equilibrium, it's only going to get uglier as Europe catches the bug and passes it over to us in the morning. Uncle Sam ain't got the steam to fight back this river of shit folks.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 08-24-2015, 08:09 PM   #17
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2444 times
I suspect there is more downside to be realized yet. I'm glad I'm mostly on the sidelines here.
ancona likes this.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 08-25-2015, 10:40 AM   #18
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Welp, we've got us some inorganic buying, just as the world expected to happen today. China did the right thing and let their market do as it wanted to. Their correction has been ugly and huge, but the pain will be swift,, hurt badly and be over quickly enough that folks can recover and learn their lessons and move on with life. Many will lose everything, but they will learn not to be so greedy next time. Trust will be lost, but lessons will be learned the hard way, and those are usually the best ones to learn. Over here, nothing will be learned, and Uncle Sam will foot the bill, pay the profits and the banksters will get away with high crimes and treason once again. We will never learn from the past because we keep repeating the mistakes we refuse to learn the lessons from.
rblong2us likes this.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam

Last edited by ancona; 08-25-2015 at 12:05 PM.
ancona is offline   Reply With Quote
Old 08-25-2015, 11:50 AM   #19
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2444 times
I do believe there is a hard lower bound vis a vis central banks and interest rates. The PBOC lowered rates to try and prop up the markets. It might work for a short while, but it isn't going to fix the root issue and in time that is going to reassert itself. Once again, a can gets kicked and it gets closer to the wall.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 08-25-2015, 02:36 PM   #20
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Hmmmmmm.....now +88 which is down from over +388 earlier today. We'll see if the rescue boys fly in to the room at 3:40 today like they usually do. It will be unusual to see this thing fall below the magic green line and close red for the day, but stranger things have happened [lately at least].

The last forty minutes or so have seen a lot of selling for some reason.

*EDIT*
Now +53

Interestinger and interestinger...

*RE-EDIT*
Now -133 and falling...

*RE-RE-EDIT*

-205 at 4:02 p.m. EST

Closed at 15,666......I swear you can't make this shit up. Bwahahahahahaha!!!!!!! Someone has got to make a movie about this.

What ride today was.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam

Last edited by ancona; 08-25-2015 at 03:17 PM.
ancona is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Silver is holding up really strong these days swissaustrian Silver Bug 4 07-28-2015 07:08 AM
30 days jail- garbage man-worked too early Penn STS 2 03-07-2015 06:33 PM
Piers Morgan Falls Ill Days After Public Flu Shot with Dr. Oz Jay STS 6 01-28-2013 09:32 AM
Just a few days.... ancona STS 7 12-26-2012 02:25 PM
I've been MIA for 3 days PMBug STS 1 05-25-2012 07:22 AM


All times are GMT -5. The time now is 10:37 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.