Oil is continuing its free fall. Will break $40 before morning. Futures dropping, most other world markets down 1%+.
Correction is starting
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Last: 10 yr ago by tx4guns
China bringing down our futures again. Chinese PMI came in weak again.
It's happening. Flush this turd.
Down down down we go
Guess I picked a good month to go back to cash.
Nope.
It hasn't made it's way into the main stream media in a prevalent enough way to be on the minds of the average American worker. And the majority of the people that watch the financial media or check their balances on a regular basis know enough to not be nervous yet (if at all).
Alright folks we're down 10% and finally in correcton territory (only two years after the OP predicted)! Confetti time!
See, I told you!
But it still anywhere close to a correction from where he called it
Op started this thread 2 years early.
I was looking at the Dow.
last 10% correction on the S&P 500 was 46 months ago ~ it's about time!
Futures down hard again. S&P -15
Lol cnbc special right now is "Markets in Turmoil"
It'd be so funny if we go green after this is over.
I hope this is it. I bought January puts on a few big stocks early last week. Up 30% right now. Looking for a lot more. (Lucky timing, but perfect if this is it)
China down 6%
quote:
It'd be so funny if we go green after this is over.
I've thought all along that we would protect the market by any means necessary while Obama is in office. I don't think there is any way they let it crash.
Perhaps QE 4.
No way they can raise rates now. They'd be asking for recession.
No way they can raise rates now. They'd be asking for recession.
quote:
Perhaps QE 4.
No way they can raise rates now. They'd be asking for recession.
Man, that would be great. That would really help the economy.
Last crash was also near presidential election.
quote:
I've thought all along that we would protect the market by any means necessary while Obama is in office. I don't think there is any way they let it crash.
You are probably right, though if we did enter a bear market and fell into a recession, the Dems (with help from the MSM) would still find a way to blame it on the Republicans.
China down 8% in one day? Ouch. I don't think QE4 would really save it at this point.
Futures can't find a bottom Down 30
quote:
China down 8% in one day? Ouch. I don't think QE4 would really save it at this point.
Wait until they devalue their currency some more and completely screw America's export business
quote:
Futures can't find a bottom Down 30
My put options are looking better by the minute.
Wow flushing down even more. This is panic
I'm kicking myself now for not rolling my puts into this week. I thought we'd get a bounce after Friday and thought China would do something to F me.
Down 41 and rolling
Down 42 now wow.
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