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Posted: 6/29/2015 3:25:43 PM EDT
[#1]
Quote HistoryQuoted:
Gold's up $5 Silver down 7cents.  Which means no safe haven trade or trend today. Buy the dips baby!!!! BUY THE DIP! |
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Posted: 6/29/2015 3:31:48 PM EDT
[#2]
-300
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Posted: 6/29/2015 3:39:34 PM EDT
[#3]
Quote HistoryQuoted:
lol Quote HistoryQuoted:
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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 In other news, Luxembourg's financial outlook is pretty peachy. |
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Posted: 6/29/2015 3:43:16 PM EDT
[#4]
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A close below 17635 would open up a test of 17164. |
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Posted: 6/29/2015 3:44:19 PM EDT
[#5]
Meh my overall portfolio is down a whopping .21% less than. 1/4% is no different than any other bad day
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Posted: 6/29/2015 3:47:45 PM EDT
[#6]
Buying CXW on the close.
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Posted: 6/29/2015 3:51:32 PM EDT
[#7]
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Posted: 6/29/2015 3:53:22 PM EDT
[#8]
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Buying CXW on the close. Prisons. Always a favorite. My go to in bad times is usually chemical companies. Super absorbent polymers. No matter what happens, people have kids and old people grow older... diapers are required. |
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Posted: 6/29/2015 4:03:57 PM EDT
[#9]
Down 2%. It sucks but not Armageddon.
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Posted: 6/29/2015 4:04:26 PM EDT
[#10]
If you're looking at DOW Jones as some type of economic indicator, it's a speculative market for starters.
Real assets, GDP, real unemployment, and debt are better indicators than the stock market. Economic slowdown in Europe does not equal a market collapse for the US. |
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Posted: 6/29/2015 4:06:04 PM EDT
[#11]
Quote HistoryQuoted:
Prisons. Always a favorite. My go to in bad times is usually chemical companies. Super absorbent polymers. No matter what happens, people have kids and old people grow older... diapers are required. Quote HistoryQuoted:
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Buying CXW on the close. Prisons. Always a favorite. My go to in bad times is usually chemical companies. Super absorbent polymers. No matter what happens, people have kids and old people grow older... diapers are required. Ex div is tomorrow and it pays 6.42%. |
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Posted: 6/29/2015 4:06:52 PM EDT
[#12]
BUY! BUY! BUY!
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Posted: 6/29/2015 4:11:06 PM EDT
[#13]
The real countries to watch now are Spain, Italy, Portugal, and Ireland.
We still don't know that Greece is going to default for certain. They might offer a deal where they pay in Drachmas, and go back to Drachmas. That would be really bad for the Eurozone. Spain's unemployment and Italy's debt are much bigger problems than Greece. Greece is just the Canary in the mine. |
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Posted: 6/29/2015 4:31:08 PM EDT
[#14]
The risk is not so much Greece but the structural illiquidity of the market which will exacerbate any moves up or down which should be part of the equation.
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Posted: 6/29/2015 4:36:17 PM EDT
[#15]
Quote HistoryQuoted: BUY! BUY! BUY! Bad news is good for the contrarian.  |
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Posted: 6/29/2015 4:49:35 PM EDT
[#16]
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I think they will end up down around 2% on the close. Just the beginning Oh, I see. So when you said "Get ready for Market Collapse 2.0 on Monday" what you really meant was "Get ready for a Market drop of 2% on Monday"? Did you just forget to hit the "%" key on your keyboard? Is that going to be your new story? 
Or are you still going with the "by Monday I actually meant six months from now (or maybe six years from now)" story, or maybe the "I was really talking about China when I said Greece" angle? |
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Posted: 6/29/2015 4:59:08 PM EDT
[#17]
Just checking in to see if Lord Humongous put his pants back on.
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Posted: 6/29/2015 5:52:56 PM EDT
[#18]
Quote HistoryQuoted:
Quite the change in predictions. And less than an hour from closing. That's very bold of you. Quote HistoryQuoted:
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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. And it was spot on. Tomorrow will be the same or worse |
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Posted: 6/29/2015 5:55:14 PM EDT
[#19]
Quote HistoryQuoted:
And it was spot on. Tomorrow will be the same or worse Quote HistoryQuoted:
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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. And it was spot on. Tomorrow will be the same or worse You made a prediction about where the market would close with less than an hour to go before closing, and you're proud that you were close? 
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Posted: 6/29/2015 5:56:16 PM EDT
[#20]
Quote HistoryQuoted:
Oh, I see. So when you said "Get ready for Market Collapse 2.0 on Monday" what you really meant was "Get ready for a Market drop of 2% on Monday"? Did you just forget to hit the "%" key on your keyboard? Is that going to be your new story?
Or are you still going with the "by Monday I actually meant six months from now (or maybe six years from now)" story, or maybe the "I was really talking about China when I said Greece" angle? Quote HistoryQuoted:
Quoted:
I think they will end up down around 2% on the close. Just the beginning Oh, I see. So when you said "Get ready for Market Collapse 2.0 on Monday" what you really meant was "Get ready for a Market drop of 2% on Monday"? Did you just forget to hit the "%" key on your keyboard? Is that going to be your new story?
Or are you still going with the "by Monday I actually meant six months from now (or maybe six years from now)" story, or maybe the "I was really talking about China when I said Greece" angle? The collapse is just starting
Today is the first day of our descent into bear markets |
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Posted: 6/29/2015 6:25:42 PM EDT
[#21]
Quote HistoryQuoted: Today is the first day of our descent into bear markets If you invest based on the expectation of a bear market, you're going to lose money. |
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Posted: 6/29/2015 6:28:32 PM EDT
[#22]
Down 350 ... on day one after the Greek collapse
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Posted: 6/29/2015 6:28:38 PM EDT
[#23]
Whew that freefall felt like zero g's there for a second op.
You really.... |
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Posted: 6/29/2015 7:12:33 PM EDT
[#24]
Puerto Rico about to default now
Are the house of cards beginning to fall? |
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Posted: 6/29/2015 7:41:21 PM EDT
[#25]
Quote HistoryQuoted:
Puerto Rico about to default now Are the house of cards beginning to fall?
Of course, the chair is against the wall. John has a long mustache. Time to pop those p-mags survival Steve and go take over your neighborhood. |
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Posted: 6/29/2015 8:10:08 PM EDT
[#26]
Twas dubbed the Greekpocalypse ......
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Posted: 6/29/2015 8:18:55 PM EDT
[#27]
Quote HistoryQuoted:
Puerto Rico about to default now Are the house of cards beginning to fall? If you think it's about to fall apart, buy some DIA puts and calm down. |
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Posted: 6/29/2015 10:00:31 PM EDT
[#28]
Futures pointing to a higher open tomorrow.....CNN Money
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Posted: 6/29/2015 10:05:05 PM EDT
[#29]
the markets been in correction for a few months now, utilities, energy, commodities, rails, everythings been tanking for a while,
the other sectors will catch up now and tank as well, so be it, time to cleanse the system so we can go higher |
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Posted: 6/29/2015 10:06:49 PM EDT
[#30]
Quote HistoryQuoted: Puerto Rico about to default now Are the house of cards beginning to fall? Puerto Rico? My ballsack is a better indicator of market trends. It's shrinking, but I was in the pool. |
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Posted: 6/29/2015 10:10:37 PM EDT
[#31]
Quote HistoryQuoted:
Just checking in to see if Lord Humongous put his pants back on. No, not yet. Of course this is the day everyone wanted to go out to Buffalo Wild Wings after work. |
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Posted: 6/29/2015 10:13:49 PM EDT
[#32]
Quote HistoryI hope not, although we may get a bounce. I want at least one more down day, preferably two or three more. |
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Posted: 6/29/2015 10:16:40 PM EDT
[#33]
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Posted: 6/29/2015 10:23:03 PM EDT
[#34]
Greece could make a few bucks by selling the naming rights to the Parthenon.
How about the "Chipotle Parthenon" or "Weetabix Stadium"? |
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Posted: 6/29/2015 11:45:31 PM EDT
[#35]
So I've been out with the family in Chicago. Did the market come crashing down while was out? Should I run to the dunking donuts across the street and stock up on supplies?
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Posted: 6/30/2015 1:52:24 AM EDT
[#36]
Quote HistoryQuoted:
The risk is not so much Greece but the structural illiquidity of the market which will exacerbate any moves up or down which should be part of the equation. Yep. People here have no concept of the snowball. And reserve ratios... |
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Posted: 6/30/2015 2:06:15 AM EDT
[#37]
Our market won't plummet, or collapse. This isn't the apocalypse that most of the news networks are making it out to be. We have few ties to Greece, and short of Eurozone involvement, many of the major EU countries have little physical attachment to Greece as well. It'll be devastating for Greece, the Euro might dip some, we'll barely notice as Europe will be only somewhat impacted, and life will go on.
The musings of somebody very unqualified to make predictions, based on limited attention paid to the unfolding situation... |
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Posted: 6/30/2015 2:07:55 AM EDT
[#38]
Quote HistoryQuoted:
Greece could make a few bucks by selling the naming rights to the Parthenon. How about the "Chipotle Parthenon" or "Weetabix Stadium"? I'd go |
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Posted: 6/30/2015 2:09:04 AM EDT
[#39]
Quote HistoryQuoted: So I've been out with the family in Chicago. Did the market come crashing down while was out? Should I run to the dunking donuts across the street and stock up on supplies?  |
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Posted: 6/30/2015 4:15:21 AM EDT
[#40]
All you people downplaying this are waaaay off base! This is bigger than Y2K!! 
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Posted: 6/30/2015 8:17:04 AM EDT
[#41]
Quote HistoryQuoted:
Puerto Rico about to default now Are the house of cards beginning to fall? We'll bail them out. After all they always have been our welfare babies. Is there anyone left on that island NOT sucking on the FSA tit already ? |
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Posted: 6/30/2015 8:46:04 AM EDT
[#42]
Quote HistoryQuoted:
All you people downplaying this are waaaay off base! This is bigger than Y2K!!
This is 15 bigger! Posted Via AR15.Com Mobile |
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Posted: 6/30/2015 9:36:30 AM EDT
[#43]
Quote HistoryQuoted:
We'll bail them out. After all they always have been our welfare babies. Is there anyone left on that island NOT sucking on the FSA tit already ? Quote HistoryQuoted:
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Puerto Rico about to default now Are the house of cards beginning to fall? We'll bail them out. After all they always have been our welfare babies. Is there anyone left on that island NOT sucking on the FSA tit already ? Plenty. The ones working with the Narcos out of S. America. |
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Posted: 6/30/2015 9:39:42 AM EDT
[#44]
This is the worst market collapse ever.
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Posted: 6/30/2015 9:40:20 AM EDT
[#45]
+94.86
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Posted: 6/30/2015 9:44:10 AM EDT
[#46]
One thing I have learned.
NEVER listen to ANYONE who is predicting an exact time, or date, of the "event"..... no matter what it is, or what they use to back up their theory. Anyone who thinks they can call the "day" is a complete moron, and always proves out to be. Eventually they may be right..... you can scream "it's gonna crash".... wait 10 years.... and eventually you might be right. But those are the people who will cost you dearly if you listen to them. |
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Posted: 6/30/2015 9:52:30 AM EDT
[#47]
We will always remember where we were when Market Collapse Y2K+15 went down
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Posted: 6/30/2015 10:54:48 AM EDT
[#48]
Quote HistoryQuoted:
One thing I have learned. NEVER listen to ANYONE who is predicting an exact time, or date, of the "event"..... no matter what it is, or what they use to back up their theory. Anyone who thinks they can call the "day" is a complete moron, and always proves out to be. Eventually they may be right..... you can scream "it's gonna crash".... wait 10 years.... and eventually you might be right. But those are the people who will cost you dearly if you listen to them. Exactly. It's like the doomer circle-jerk thread here on arfcom. Some of the same people have confidently been predicting "the collapse" since 2008. Every year, it's right around the corner, and it's always about to happen. And every time it doesn't happen, they make excuses and claim that the situation is dire, and it's all a house of cards, and it's unsustainable, and the total collapse is totally right around the corner. Six months tops. And the funniest thing of all is that when eventually the natural cyclical nature of economies DOES result in another recession, then they'll claim that they totally predicted it - and will furiously backpedal, and say that the recession is just a pre-cursor to the "total collapse" that's right around the corner, and is totally going to happen any day now. ... definitely in six months. It's so cute. If they understood markets they way they think they do, and claim to, they'd all be billionaires. |
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Posted: 6/30/2015 10:56:26 AM EDT
[#49]
Quote HistoryQuoted:
Exactly. It's like the doomer circle-jerk thread here on arfcom. Some of the same people have confidently been predicting "the collapse" since 2008. Every year, it's right around the corner, and it's always about to happen. And every time it doesn't happen, they make excuses and claim that the situation is dire, and it's all a house of cards, and it's unsustainable, and the total collapse is totally right around the corner. Six months tops. And the funniest thing of all is that when eventually the natural cyclical nature of economies DOES result in another recession, then they'll claim that they totally predicted it - and will furiously backpedal, and say that the recession is just a pre-cursor to the "total collapse" that's right around the corner, and is totally going to happen any day now. ... definitely in six months. It's so cute. If they understood markets they way they think they do, and claim to, they'd all be billionaires. Quote HistoryQuoted:
Quoted:
One thing I have learned. NEVER listen to ANYONE who is predicting an exact time, or date, of the "event"..... no matter what it is, or what they use to back up their theory. Anyone who thinks they can call the "day" is a complete moron, and always proves out to be. Eventually they may be right..... you can scream "it's gonna crash".... wait 10 years.... and eventually you might be right. But those are the people who will cost you dearly if you listen to them. Exactly. It's like the doomer circle-jerk thread here on arfcom. Some of the same people have confidently been predicting "the collapse" since 2008. Every year, it's right around the corner, and it's always about to happen. And every time it doesn't happen, they make excuses and claim that the situation is dire, and it's all a house of cards, and it's unsustainable, and the total collapse is totally right around the corner. Six months tops. And the funniest thing of all is that when eventually the natural cyclical nature of economies DOES result in another recession, then they'll claim that they totally predicted it - and will furiously backpedal, and say that the recession is just a pre-cursor to the "total collapse" that's right around the corner, and is totally going to happen any day now. ... definitely in six months. It's so cute. If they understood markets they way they think they do, and claim to, they'd all be billionaires. I think most of them are wishing for it, too. |
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Posted: 6/30/2015 10:59:01 AM EDT
[#50]
Quote HistoryQuoted: I predict the DOW will go up a couple of hundred points on Monday. eta: I'm spending the next few days on a boat so I'll miss whatever happens. Thankfully, I won't have internet access because I'm sick of all the bullshit I've been reading.  Well, obviously I was wrong about the gain I predicted. I will, however, predict that we will regain that loss possibly today or at least this week. The the market will continue to be propped up and rise back in to the 18,000s. |
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