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Talking stocks, trading, and investing in general - Page 592

post #8866 of 11163
woof...
post #8867 of 11163
Welp. Futures down close to 2%.

Looks like another major sell off tomorrow.
post #8868 of 11163
“I don’t think China’s economic slowdown is that severe to threaten the global economy,” Bernanke said.

http://atimes.com/2016/01/bernanke-china-slowdown-doesnt-threaten-world-economy/

Reminiscent of "problems in the subprime market seems likely to be contained."


The wheels are starting to come off now hey?
post #8869 of 11163
Quote:
Originally Posted by skeen7908 View Post

“I don’t think China’s economic slowdown is that severe to threaten the global economy,” Bernanke said.

http://atimes.com/2016/01/bernanke-china-slowdown-doesnt-threaten-world-economy/

Reminiscent of "problems in the subprime market seems likely to be contained."


The wheels are starting to come off now hey?

 

There are three parts of the China story - domestic demand, domestic construction, export demand.  The latter two are falling apart especially the export demand; nothing Chinese government can do.  Fiscally, Chinese government is pumping money into state construction projects/investments to fill in the void left by decreased housing constructions aka empty cities.

 

Domestic demand, however, might not be falling apart, yet.  One data point is Nike's greater China sales in their quarter ending November is up 28% Y/Y.  Luxury demand is coming way down, but that's part of anti-corruption drive/money laundering scheme.

 

Oil price at sub $30 is going to hurt some countries, e.g., Canada, Saudis, and some companies, e.g., shale drilling LLCs.  High yield market rout started early last year might be contagious.

 

Or it might be not.  Buy the fucking dip and wait for the Yellen Call to step in.

post #8870 of 11163
Quote:
Originally Posted by GreenFrog View Post

Welp. Futures down close to 2%.

Looks like another major sell off tomorrow.

 

BTFD vs STFR!  So far this year its all STFR and no BTFD.  Last August probably did spooked enough people.

post #8871 of 11163
😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭
post #8872 of 11163

Looks like the S&P500 Head and Shoulders pattern is taking over headlines.  If that is the case around 1860-1870, we could see S&P to 1600.  Gotta love the pattern traders.

post #8873 of 11163
I'm currently WTFD (watch the fucking dip.....and cringe).

The Saudis seem very content with their plan....and are saying 'This is the market price'.....yes this is the market price during a price war...
post #8874 of 11163
Quote:
Originally Posted by skeen7908 View Post

“I don’t think China’s economic slowdown is that severe to threaten the global economy,” Bernanke said.

http://atimes.com/2016/01/bernanke-china-slowdown-doesnt-threaten-world-economy/

Reminiscent of "problems in the subprime market seems likely to be contained."


The wheels are starting to come off now hey?

Bernanke is a clown. My roommate stumped him when he came to providence to talk back in 2008/9 he gave some ridiculous answer. Can't remember the question though.
post #8875 of 11163
Vodka is thankfully below 20 for a fifth. icon_gu_b_slayer[1].gif
post #8876 of 11163
I'm starting a GoFundMe for all the devastating paper losses I've suffered to date.

All of you will donate, right?

...right?
post #8877 of 11163
Quote:
Originally Posted by ramuman View Post

Vodka is thankfully below 20 for a fifth. icon_gu_b_slayer[1].gif

How much for a barrel? Bottom shelf, that is. That's all I can afford.
post #8878 of 11163
Quote:
Originally Posted by GreenFrog View Post

How much for a barrel? Bottom shelf, that is. That's all I can afford.

Does it really matter?

post #8879 of 11163
Best bits of news I've heard today:



post #8880 of 11163
The rate of my losses increasing is accelerating icon_gu_b_slayer[1].gif
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