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Dow Dumps 1200 Points From Record Highs To 7-Month Lows - Unchanged Since The End Of QE3
The Dow Jones Industrial Average has gone nowhere since October 31st 2014 - The End of QE3...
The last 2 days have seen the biggest percentage drop since January.
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Gold up almost 2%. Somebody must think something is going to happen.
I see it as stupid money is getting smarter...
The Fed probably won't react to even a 15% drop, not because they don't want to, but because in their current position they're powerless. More than 15% drop and I can see them trying something tragically misconceived and wholly bad for everyone.
Funny, I sold most of my stocks almost exactly year ago.
Well then if the third QE didn't work, lets go for 4! Makes sense, doesn't it?
Actually, there have been 6 done to date, but who's counting the number of failures.
The Jews my friend
"Gold up 2%..."
Limit up!
Been a while since that sort of a move.
Only the beginning..
Bought into a high yield Russian gold miner this morning. Gold in $ going up - his costs in Rubles going down.
But did you get a free, hot, Russian wife with the deal?
Talk about anchor baby!
major dumb money psychological numbers being crossed to the downside - NASDAQ dropped to a 4 handle, Dow may hit a 16 handle today, and S&P is not far from breaking below 2k...
QE1, 2, and 3. Misaollocation of capital of biblical, epic, and monumental proportions.
Jamie Dimon does not agree with your assessment, but then that might be why he is "richer than you"...
roll the guillotines already, too late for a refund, it's retribution time motherfuckers...
"They" have to be fighting the downside like crazy. I got out at 18,000. (Inheritance from father passing was all in stocks) Advised one of my friends mom (She is 75) to get out at 18,000...she listened $1.8 million in lifesavings all pulled. She just called and thanked me. And I thank you guys here at ZH. My sister on the other hand....I told her...and her being the bitch she is said "Oh what's in it for you..." Yes, her thinking that somehow I benefit from advising her to sell her inheritance stock is going to benefit me...can you believe it? Well, she will get to enjoy the bloodbath. My Dad set up a little trust...and spread the payments over 17 years. I am converting it ALL to gold rather than cash...the estate attorney asked..."Why would you want to do that?" This is the blind world we live in. Again...without ZH knowledge, I would be very blind too. You people are appreciated. And NOTE...my original account TAKEACTION I had for years til I lost my password and could not recover...so I am not new...LOL
Downvote for having a douchebag profile pic.
Downvote me too then.
You did the right move by getting out at Dow Jones at 18.000. When it comes to gold, when it dropped to 1080 a couple of weeks ago, it was severly oversold. Everyone using technical analysis could so gold was in for a rally, which we are seeing right now as we speak. Keep a close eye on the MACD, RSI, Bollinger, candlesticks and ADX, because gold is very likely to go down together with everything else when the crash arrives (which looks to be right round the corner). I think we will be able to buy PM at much better prices in the end of this year and/or next year. Those miners still in business will be at a super low shareprice. That's the time to get in big on gold and silver.
I tend to agree with you. I think PMs have a ways to go down with whatever crash occurs, only after that crash will they rebound and likely higher than before.
upvote to counter the real douchbag
just a breather until qe42
The markets have been going sideways for awhile held up only by a small handful of stocks that are now starting to wobble themselves, so buy the dip because what could possibly go wrong?
I saw this today and wanted to throw up.
http://www.marketwatch.com/story/these-two-indicators-are-telling-you-to...
Fucking assholes telling people now is the time to buy. The five year and ten year yield is guaranteed to be at or below 0% before inflation.
Can't help but to think the bottom could fall out at any moment.
After 7 years, QE is done (for now) and zirp may be done (for now), so we will get to see how much fluff those 2 things put into asset prices if they are truly allowed to end. I'm still not convinced they will be because all they did was inflate asset prices and if asset prices come down, the entire charade is revealed for what it is.
No doubt. Hike and secret QE4 at the same time. It's a national security issue.
rsnoble, lots of secret QE happening now with Belgium, Switzerland, Luxenburg and the various Carribean havens all having increased their USTs substantially with free USDs from the Fed. Morgan sells more bonds than are printed and the reverse repo doesn't require any collateral at all.
Something bad about that green line crossing the others on the downside right?
"Never cross the streams."
Words to live by!
I honestly can't remember. Did that happen in 2012, 2013, or 2014?
QE3 is dead! Long live QE4!
moar levered buybacks can fix this [/hitler in bunker scene]
Looking forward to it.
I have a question for ya all....if the stock market were to drop to say 14,000, or even less, how would that effect me? I dont own stocks. I dont give a shyte....Your answers are greatly appreciated.
if you don't know the answer to that - how could you even comprehend a dozen articles on here? read a book.
also - it's going to drop to 3,000; and is going to affect you via starvation.
I was just getting your guys take on it, because you all seem to have interesting ways of sharing without 100 paragrpahs and 50 graphs.... I am set up off grid, food, water, etc.. I just wanted to hear my pals on here give opinions. "Dont be worried about the stocks, be worried what the fed will do", was a great answer.
Most private and public pension funds are underfunded and they are also invested heavily in equities (stocks). If it equities crash there will be stress on pensions and as well financial institutions (banks and insurance cos). If payments on pensions and insurance stop being mailed out or deposited people are going to go beserk.
"Dont be worried about the stocks, be worried what the fed will do"
i'll go with that reply too
You shouldn't think about the drop itself but what the fed and government would / will do as a result of it.
I dunno anything, but I do think this was all planned for a global reset and a major advance in a world governing type economy. "No more cash" has already been introduced, devalue of dollar, outlaw gold and silver, massive police state, etc. The EBT cards wont stop but they will buy less and it will cause riots. Jade Helm is set up. And if you watch the series "Jericho" it tells quite a bit. If you havnt seen it I highly suggest you do. All the military has to do is stop one big city with force, it will be advertised in tv 24/7 and other citties will be afraid to riot..Just thoughts I get, sometimes I think I think too much.
The stock drop may correspond to massive layoffs. Riots. Insurrection. Erectile dysfunction. Bank failure. Massteria.
Hurrah!
DavidC
When you have a Society morally & economically bankrupt. And, have someone named Deez Nutz polling higher than Walker & Huckabe. What do you expect?
Shit, Popular Culture & the Apprentice. Trump a bad actor ahead in the polls. What do you expect?
Dumbed down Sheeple America has won. We're fucked!
Perpetual residence in Central Bank intensive care.
The patient cannot exist if disconnected to the machine.
Well, the Russell's gone nowhere since 10:15, and just tagged the low for the 3rd time, so either a) we get the typical 2nd leg down after machines loaded up, given they knew about huge inst. sell orders; or b) another 50% retrace bounce pre-OPEX expiration
As much as I dislike the Fed, I believe they have been masking over domestic policy failures and they can't do anymore, this shit is going down
Cue E4....
:)
Janet is just putting things back where she wanted them a year ago, and then things ran away on her. What she wants is the Dow 200ma to decline and meet the current price down around, oh, maybe 16800 by Xmas, so she can do a rate increase in December, and then she wants to hold the market to a flat real number, maybe a 2%-3% per year nominal rise, while she boosts rates a couple more tiny times.
But I don't think she's going to make December at this rate, she waited too long to begin, the 200ma doesn't bend that fast - without a TON of index action, that I don't think she will allow. Well, we'll see how much juice she has to move things around, how much her fellow banksters and banksterettes cooperate, and whether some big whale traders manage to sabotage her this year the way they did last year.
the derivative side of things will explode if there's any kind of rate increase as you have to multiply the rate increase by the leverage on the margin. The Fed is trapped in QE and ZIRP Forever...remember derivatives are propping up bonds and creating false demand for bonds....from Rob Kirby
JPM, GS, Visa, United Health Care, McDonald's, Verizon, Travelers, Am Ex, all these banks, hamburger joints and cell phone companies are listed on the DOW.
Are these corporations really "Industrial"?
Redneck on the outside lookin in..
When Au hits a grand, I'm buy in' with both hands!