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Posted: 6/29/2015 11:29:28 AM EDT
[#1]
Quote HistoryQuoted:
I'm so old I remember when a 212 point drop would have been a near disaster. Quote HistoryQuoted:
Quoted:
-212 I'm so old I remember when a 212 point drop would have been a near disaster. Me also........now all it means is the tea pot is whistling. 
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Posted: 6/29/2015 11:31:23 AM EDT
[#2]
Quote HistoryQuoted:
I'm so old I remember when a 212 point drop would have been a near disaster. Quote HistoryQuoted:
Quoted:
-212 I'm so old I remember when a 212 point drop would have been a near disaster. I'm so old I no longer remember that.
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Posted: 6/29/2015 11:35:13 AM EDT
[#3]
Quote HistoryQuoted:
I'm so old I no longer remember that. Quote HistoryQuoted:
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-212 I'm so old I remember when a 212 point drop would have been a near disaster. I'm so old I no longer remember that. Holy shit that IS OLD. And Poly and I are OLD. 
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Posted: 6/29/2015 11:35:35 AM EDT
[#4]
"There all going to laugh at you"
"There all going to laugh at you" |
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Posted: 6/29/2015 11:35:57 AM EDT
[#5]
Europe Markets closing.
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Posted: 6/29/2015 11:37:53 AM EDT
[#6]
Quote History-1.81% Such a catastrophe. 
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Posted: 6/29/2015 11:39:46 AM EDT
[#7]
Quote HistoryQuoted:
Markets selling off big time now....speeding up. Even a gap down in the middle of the day. Not a good sign. I never said they would fall 8,000 points in one day. That is just where it might end up. The 2008 crash was over the course of an entire 6 months 
So...how's your portfolio doing with those short options you took? |
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Posted: 6/29/2015 11:40:30 AM EDT
[#8]
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Posted: 6/29/2015 11:42:06 AM EDT
[#9]
Quote HistoryQuoted:
http://i127.photobucket.com/albums/p133/debs711/goalposts.gif So...how's your portfolio doing with those short options you took? Quote HistoryQuoted:
Quoted:
Markets selling off big time now....speeding up. Even a gap down in the middle of the day. Not a good sign. I never said they would fall 8,000 points in one day. That is just where it might end up. The 2008 crash was over the course of an entire 6 months http://i127.photobucket.com/albums/p133/debs711/goalposts.gif So...how's your portfolio doing with those short options you took? Pretty good. UVXY is up 20% |
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Posted: 6/29/2015 11:42:24 AM EDT
[#10]
Quote HistoryQuoted:
"There all going to laugh at you" "There all going to laugh at you" NOOOOOO!!! |
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Posted: 6/29/2015 11:46:03 AM EDT
[#11]
Quote HistoryPretty good. UVXY is up 20% The /VX is up 11% which is good if you like to sell premium. 
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Posted: 6/29/2015 11:48:46 AM EDT
[#12]
Quoted:
Greek talks have failed, EU is scrambling to do damage control This is going to be bad. I predict DOW goes to 10,000 minimum I hope everyone sold all their stocks on Friday Are you a financial planner? I would like to pay you to manage my money. |
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Posted: 6/29/2015 11:55:01 AM EDT
[#13]
Lots of complacency here.
....and its will work until the panic starts. |
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Posted: 6/29/2015 11:56:33 AM EDT
[#14]
Quote HistoryQuoted: No kidding. Though I do feel weird sitting here in the office dressed as Lord Humongous and no where to go. Quote HistoryQuoted: Quoted: Quoted: Quoted: Down 154. What the heck kind of panic is this? I thought we'd be seeing dogs and cats living together and blood flowing in the streets by now. Yeah, what the hell? I already started eating my neighbors.   Premature FO.No kidding. Though I do feel weird sitting here in the office dressed as Lord Humongous and no where to go.  The mental image of that comment literally made me when I read it.  |
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Posted: 6/29/2015 11:58:29 AM EDT
[#15]
A sell off but not close to a panic
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Posted: 6/29/2015 12:08:18 PM EDT
[#16]
Quote HistoryQuoted:
Markets selling off big time now....speeding up. Even a gap down in the middle of the day. Not a good sign. I never said they would fall 8,000 points in one day. That is just where it might end up. The 2008 crash was over the course of an entire 6 months You're worse than a high school date with a virgin. Are going to get this shit going or not! I needs mah panic! |
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Posted: 6/29/2015 12:16:03 PM EDT
[#17]
I'm thinking of buying... any suggestions? |
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Posted: 6/29/2015 12:16:05 PM EDT
[#18]
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN.
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Posted: 6/29/2015 12:20:12 PM EDT
[#19]
Quote HistoryQuoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. My bank was closed yesterday. I don't know that I'll ever recover. |
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Posted: 6/29/2015 12:22:45 PM EDT
[#20]
Quote HistoryQuoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. Shit happens. Deal with it, learn from it, and move on. This hand-wringing bullshit only makes you all sound like a bunch of old ladies. |
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Posted: 6/29/2015 12:24:39 PM EDT
[#21]
Quote HistoryQuoted:
The mental image of that comment literally made me when I read it. Quote HistoryQuoted:
Quoted:
Quoted:
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Down 154. What the heck kind of panic is this? I thought we'd be seeing dogs and cats living together and blood flowing in the streets by now. Yeah, what the hell? I already started eating my neighbors. Premature FO.No kidding. Though I do feel weird sitting here in the office dressed as Lord Humongous and no where to go.
The mental image of that comment literally made me when I read it. |
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Posted: 6/29/2015 12:26:05 PM EDT
[#22]
Quote HistoryQuoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. This guy gets it |
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Posted: 6/29/2015 12:30:44 PM EDT
[#23]
I was training my Golden Retriever in the art of fo'ing. Looks like he can go back to chewing on my wife's shoes and shitting in my lawn. For now...
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Posted: 6/29/2015 12:39:00 PM EDT
[#24]
Quote HistoryQuoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. Greek banks are closed all week, FYI. Ultimately, Greece is not big nor important enough to cause a "major downturn" - and despite somewhat unpredictable issue with CDSs, the Greek issue is simply not of sufficient scale to have a large global impact. Furthermore, as others have pointed out - the Greek bankruptcy has been looming on the horizon for YEARS, and the run-up to this current showdown has been extremely publicized - so a lot of markets have already priced in the predictable consequences. A drop of 3% in various markets was the reasonable effect, and seems to be what we have seen. My guess is that while Europe will obviously be dealing with a bit more turmoil as they try to firewall Greece, the US markets will be largely unaffected by this in a month, and will be completely indifferent in six months. |
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Posted: 6/29/2015 12:42:42 PM EDT
[#25]
Quote HistoryQuoted:
This guy gets it Quote HistoryQuoted:
Quoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. This guy gets it Money has to go somewhere. When the EU's existence really becomes shaky, money will poor in to the U.S., probably bonds and markets. There might be an initial panic sale here, but i think it will end up going up, not down. Am i right? Who knows. As everyone here loves to say here, the market is not currently based on fundamentals, it is based on injected support and world wide money flows. |
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Posted: 6/29/2015 12:44:09 PM EDT
[#26]
Bah. The market has known this was coming for a while, it was already figured in. Makes for interesting political theater though.
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Posted: 6/29/2015 12:51:23 PM EDT
[#27]
Quote HistoryQuoted:
My bank was closed yesterday. I don't know that I'll ever recover. Quote HistoryQuoted:
Quoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. My bank was closed yesterday. I don't know that I'll ever recover. The willful ignorance displayed in any Economics discussion, is far worse than any other topic, and doesn't even have the entertainment value of a Civil War or Tranny thread. |
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Posted: 6/29/2015 1:05:30 PM EDT
[#28]
Quote HistoryQuote HistoryQuoted:
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Yeah, what the hell? I already started eating my neighbors. Premature FO.No kidding. Though I do feel weird sitting here in the office dressed as Lord Humongous and no where to go.
The mental image of that comment literally made me when I read it. http://ts1.mm.bing.net/th?&id=JN.9682z9ROx7jsGaqeihbPfg&w=300&h=300&c=0&pid=1.9&rs=0&p=0 That was the expectation. In reality I've had to spend the day telling people that I'm gravely disappointed in how they leave the cover sheet off their TPS reports. |
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Posted: 6/29/2015 1:06:54 PM EDT
[#29]
Off 1-1/3% right now.
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Posted: 6/29/2015 1:10:05 PM EDT
[#30]
Quote HistoryQuoted:
Greek banks are closed all week, FYI. Ultimately, Greece is not big nor important enough to cause a "major downturn" - and despite somewhat unpredictable issue with CDSs, the Greek issue is simply not of sufficient scale to have a large global impact. Furthermore, as others have pointed out - the Greek bankruptcy has been looming on the horizon for YEARS, and the run-up to this current showdown has been extremely publicized - so a lot of markets have already priced in the predictable consequences. A drop of 3% in various markets was the reasonable effect, and seems to be what we have seen. My guess is that while Europe will obviously be dealing with a bit more turmoil as they try to firewall Greece, the US markets will be largely unaffected by this in a month, and will be completely indifferent in six months. Quote HistoryQuoted:
Quoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. Greek banks are closed all week, FYI. Ultimately, Greece is not big nor important enough to cause a "major downturn" - and despite somewhat unpredictable issue with CDSs, the Greek issue is simply not of sufficient scale to have a large global impact. Furthermore, as others have pointed out - the Greek bankruptcy has been looming on the horizon for YEARS, and the run-up to this current showdown has been extremely publicized - so a lot of markets have already priced in the predictable consequences. A drop of 3% in various markets was the reasonable effect, and seems to be what we have seen. My guess is that while Europe will obviously be dealing with a bit more turmoil as they try to firewall Greece, the US markets will be largely unaffected by this in a month, and will be completely indifferent in six months. Not just Greece.......Puerto Rico says they can't pay debt. China in bear market. It can snowball from here |
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Posted: 6/29/2015 1:13:17 PM EDT
[#31]
-250
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Posted: 6/29/2015 1:15:12 PM EDT
[#32]
The only thing dumber than listening to world market direction talk on most forum boards... Is listening to it on CNBC.
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Posted: 6/29/2015 1:15:32 PM EDT
[#33]
Quote HistoryQuoted:
Ultimately, Greece is not big nor important enough to cause a "major downturn" - and despite somewhat unpredictable issue with CDSs, the Greek issue is simply not of sufficient scale to have a large global impact. Greece's efforts at financial blackmail with thus fail. |
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Posted: 6/29/2015 1:15:33 PM EDT
[#34]
UVXY up 25% now
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Posted: 6/29/2015 1:21:38 PM EDT
[#35]
I've traded uvxy a couple of times. Don't have the stomach for it anymore.
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Posted: 6/29/2015 1:31:21 PM EDT
[#36]
Looks the same as it did last week, pretty much.
Sky is still blue. 100 dollar bills still buy gasoline. |
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Posted: 6/29/2015 1:38:07 PM EDT
[#37]
Quote HistoryQuoted:
This guy gets it Quote HistoryQuoted:
Quoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. This guy gets it No, neither of you get it. |
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Posted: 6/29/2015 2:26:48 PM EDT
[#38]
Just to throw this out there. The GDP of Greece is about $240 billion and represents about 0.39 percent of the world economy. If you multiplied that by 50, then I might buy the gloom and doom. There may be a brief market correction or even over-correction, but this is not the end of the financial system as we know it. News about Greece's financial issues have been causing one-day market ups and downs for several years now. Even if they default, we'll be over it in a matter of weeks or months at worst.
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Posted: 6/29/2015 2:37:48 PM EDT
[#39]
Quote HistoryQuoted:
No, neither of you get it. Quote HistoryQuoted:
Quoted:
Quoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. This guy gets it No, neither of you get it. Quoted:
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Ha! Joke's on you. I don't even have any stocks. Or money.
Glad I'm not the only smart one here. You and me have it figured out buddy.
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Posted: 6/29/2015 2:40:58 PM EDT
[#40]
Quote HistoryQuoted:
Not just Greece.......Puerto Rico says they can't pay debt. China in bear market. It can snowball from here Quote HistoryQuoted:
Quoted:
Quoted:
People mocking predictions of a major financial downturn are ignorant of how these things work. How a default on loans BY A COUNTRY ripples throughout the world financial system in what may take months to reach its full impact. The housing crisis did not happen overnight, this won't either. But this week is definitely the beginning of a major downturn. The Greek banks were CLOSED today. What happens tomorrow when they open? Get back to me in a month and let's see how you are laughing THEN. Greek banks are closed all week, FYI. Ultimately, Greece is not big nor important enough to cause a "major downturn" - and despite somewhat unpredictable issue with CDSs, the Greek issue is simply not of sufficient scale to have a large global impact. Furthermore, as others have pointed out - the Greek bankruptcy has been looming on the horizon for YEARS, and the run-up to this current showdown has been extremely publicized - so a lot of markets have already priced in the predictable consequences. A drop of 3% in various markets was the reasonable effect, and seems to be what we have seen. My guess is that while Europe will obviously be dealing with a bit more turmoil as they try to firewall Greece, the US markets will be largely unaffected by this in a month, and will be completely indifferent in six months. Not just Greece.......Puerto Rico says they can't pay debt. China in bear market. It can snowball from here lol |
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Posted: 6/29/2015 2:44:02 PM EDT
[#41]
Quote HistoryQuoted: I predict Down sharply at open Slow recovery, less than 100 down by lunch Sell off in the afternoon, maybe 200 down Closes down less than 100 On the books, just another weak day, no big deal. Up 100+ tomorrow. Quote HistoryQuoted: Quoted: One hour to go until our own amusement ride begins  Down sharply at open Slow recovery, less than 100 down by lunch Sell off in the afternoon, maybe 200 down Closes down less than 100 On the books, just another weak day, no big deal. Up 100+ tomorrow. I'll admit my prediction was wrong. But nowhere near as wrong as that -7000 prediction! |
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Posted: 6/29/2015 2:48:53 PM EDT
[#42]
Quote HistoryQuoted:
I'll admit my prediction was wrong. But nowhere near as wrong as that -7000 prediction! Quote HistoryQuoted:
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One hour to go until our own amusement ride begins Down sharply at open Slow recovery, less than 100 down by lunch Sell off in the afternoon, maybe 200 down Closes down less than 100 On the books, just another weak day, no big deal. Up 100+ tomorrow. That's because you are an underachiever. Well, that's because you are an underachiever. I'll admit my prediction was wrong. But nowhere near as wrong as that -7000 prediction! |
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Posted: 6/29/2015 2:52:11 PM EDT
[#43]
Quote HistoryQuoted:
Greece's efforts at financial blackmail with thus fail. Quote HistoryQuoted:
Quoted:
Ultimately, Greece is not big nor important enough to cause a "major downturn" - and despite somewhat unpredictable issue with CDSs, the Greek issue is simply not of sufficient scale to have a large global impact. Greece's efforts at financial blackmail with thus fail. Good. |
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Posted: 6/29/2015 2:58:45 PM EDT
[#44]
Quote HistoryQuoted:
That was the expectation. In reality I've had to spend the day telling people that I'm gravely disappointed in how they leave the cover sheet off their TPS reports. Are you telling them through the mic of a loudspeaker? Or at least using the intercom on the phone?
(Did they get the memo about the TPS report? You should send it again.) |
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Posted: 6/29/2015 3:07:41 PM EDT
[#45]
whoa.. so you're predicting at some point in the future the markets are going to turn downward? amazing....
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Posted: 6/29/2015 3:16:23 PM EDT
[#46]
Down 290 so far.
my company stocks are down 1.50
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Posted: 6/29/2015 3:17:14 PM EDT
[#47]
I think they will end up down around 2% on the close. Just the beginning
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Posted: 6/29/2015 3:20:14 PM EDT
[#48]
Gold's up $5 Silver down 7cents.
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Posted: 6/29/2015 3:22:31 PM EDT
[#49]
Quote HistoryQuoted:
I think they will end up down around 2% on the close. Just the beginning Quite the change in predictions. And less than an hour from closing. That's very bold of you. |
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Posted: 6/29/2015 3:25:42 PM EDT
[#50]
A close below 17635 would open up a test of 17164.
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