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STRAP IN BOYS. THE S&P JUST DROPPED BELOW...
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You are currently reading a thread in /pol/ - Politically Incorrect

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STRAP IN BOYS. THE S&P JUST DROPPED BELOW ITS AUGUST LOW.

The market failed to bottom out. Passing this point increases the chance it may keep tumbling. Keep an eye on out, today might go down in history.
>>
this
>>
memes will be the death of us all
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>>61093267
This was the exact situation in September over that weekend. Everyone was meming like crazy "IT'S HABBENING" and then Chinese central bank intervened on Monday, pumped in tens of billions of yuan and happening was postponed. Dow recovered by a thousand points in a week.

Same thing will happen next Monday.
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This only makes Trump stronger
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THE GOD EMPEROR WILL SAVE US
>>
hold on to your butts dow is at -2.69%
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>>61093837
>postponed
Eventually the can will not be able to be kicked anon..
>>
>>61093995
>>61094098
>already down $100k
>worth it if it makes america great again
>>
>tfw the markets drop so low again, every faggot on earth cries out to their Zionist Kike Banker masters: 'MOAR!! MOAR!! MORE QE! NEGATIVE RATES!! PLEASE, JEWS, SAVE US!! SAVE US!! REEEEEEEEEEEE....!!!'

Fucking dying over here...what a circus
>>
wew lad
>>
So the dead cat bounce is over now?

Is it free fall time?
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>>61094304
yep. Free Market Capitalism will be blamed again
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>>61094446
that was a pause, not a bounce. people keep throwing terms around like memes
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>>61094584
shut up jew
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>>61094628
you don't know what the words mean, so stop using them dingus
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>>61093267
DAX passed the August drop as well...
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>>61094821
If you can't see the dead cat infront of you that isn't my fault kike
>>
Needs to drop farther and faster, into negative territory like interest rates so the wealthy can experience what the middle class is experiencing.
>>
I'm here.

I was replying to the central bank question of how devaluing the yuan will matter for global equities.

The Keynesian theory is that cheaper yuan make Chinese exports cheaper, so more consumption, so more production, so jobs saved and made and etc. Workers work, instead of revolt. Whether it actually works takes quarters to play out, but rick markets work on minutes and hours, then days and weeks as the dumber money catches on.

In stocks, it's all psychological. Why does price move at all? In a single trade you want $5, but I bid $4.95. Who caves in first, you or me? The answer is the one who is more aggressive in their belief of their price. You give up the nickel, or I do. Sum up all those decisions and you get market price movement.

Central bank intervention gives the edge in aggression back to the buyers.
>>
>>61094479

That's going to be a tough sell though, they may have fucked themselves here

How can they ignore years of QE and distorted rates?
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>>61095411
The FED just handed off the problem to the Chinese. PBOC forced to intervene next, while the FED races to try to reverse repo all those excess reserves to get as much capacity back in the tank as they can before it's their turn again.
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>>61095411
because the average American has no idea that those things are going on. Hell, they don't know what those terms mean.

In the event of a stock market crash progressives will spew some bull shit about how the unregulated market is too speculative and is bad for average joes. Irresponsible bankes. Etc. The same shit they said in 2009. People will eat that shit up because they didn't understand it then, and they don't understand it now.

The fed has created three bubbles in less than two decades. Practically unprecedented. But hardly anyone is talking about this. The general public is too uneducated to understand and will call for more destructive policies.
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>>61095983
EVIL SPECULATORS DRIVING DOWN MUH OIL PRICES.

Oh, sorry, just listening to crickets and tumbleweeds from the limousine libtard crowd.
>>
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Hong Kong and Nikkei future indexes are plummeting as I type this. I can't find a futures index for the Shanghai Composite, but I'm sure it isn't looking good. This could be a very interesting night, /pol/.

Hang Seng: http://www.etnet.com.hk/www/eng/futures/

Nikkei 225: http://www.investing.com/indices/japan-225-futures
>>
>>61095315

>Central bank intervention gives the edge in aggression back to the buyers.


Maybe I'm misunderstanding you but the buyers have had an abnormal edge in aggression for years. That is how we had a dot com bubble, and housing bubble, and now this ( which I would argue is a treasury bond bubble at its core). Keynesians refuse to learn that you can't cheat reality. The think they can get unsustainable growth at no price. Each successive crash is going to get bigger because the last one was fixed with a band-aid instead of addressing the core issues. Its going to get, much, much worse before it gets better.
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What's the best site to track all markets?
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>#Venezuela declares ‘economic emergency’ as own oil basket drops below $25/bbl, a 13y low.

https://twitter.com/Schuldensuehner/status/688071326872027136
>>
>>61096418
The night might be interesting for speculation, but those markets won't be open until Sunday night (Monday for them). They are closed for the weekend.
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>>61096541
Dow Jones: https://www.google.com/finance?cid=983582

Nasdaq: https://www.google.com/finance?cid=13756934

S&P 500: https://www.google.com/finance?cid=626307
>>
>>61096574
Ah, right.
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>>61096493
Yeah. It's a cycle. This one could, possibly, go to S&P 748. That's what my margin debt chart says, if this is the beginning of a bear that forces all those over-leveraged accounts to sell involuntarily, which we are seeing some evidence of, and which will show up today in the MOC imbalance at 4pm (NY time). Which I'll be posting in whatever habbening thread is alive by then.
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>>61096541
Also: http://www.investing.com/equities/united-states
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>>61095033
Hey faggot nigger, it's not a dead cat bounce. Fuck. It's a dead jew bounce, get it right.
>>
Instrument: S&P 500 cash close 4pm NY time --

Make the call:
Off the lows
At the lows.
>>
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>Brent at 28.90
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>>61097056
Off. I expect a little propping in the last 15 minutes, but new lows (for the year) on Monday.
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>>61097326
I've got that no good sinking feeling that no one in NY or Chi wants to go home long into this weekend.
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>>61097519
I know I wouldn't. If I had skin in the game I'd go in $RUSS over the weekend to make bank next week.
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>>61097602
But then again, if China props up their shit like they did last time it would be a huge loss. Yeah, never mind, I take that back. I wouldn't stay in over the weekend for shit. Good luck everyone.
>>
VIX 28.90 20.67%
KR 38.45 -1.49%
P 9.31 -5.96%
PNRA 187.53 -2.40%
T 33.93 -1.08%
ED 67.24 -0.56%
THC 22.61 -3.21%

My "is it still about China" mini-index says there is more selling to come.
>>
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OIL ROUT
I
L

R
O
U
T
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>>61097602
>RUSS

I didn't know about that one. Nice.
>>
>>61097955
Gavin, you're drunk.
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>>61097976
Any time china shits itself like it did at close this morning, go balls deep into $RUSS and enjoy the ride. You're welcome.
>>
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>>61095315

Shills: B..B...BUT THE ECONOMY IS S..S...STRONGER THAN EVER!!!

>it's all a debt bubble
>the entire economy was fake
>the entire economy was delicately balancing on schlomo's fat jew nose and it's starting to slip off

>Ron Paul's face when
>>
>>61097326
We just cleared combined session VWAP. One more level at 1876 (ES) and you'll have it.
>>
1876 is intermediate term resistance from the 6pm opening candle yesterday, btw. Imbalance of trapped longs trying to exit. It could hold here for an hour, or drop back. I'm thinking she'll hold.
>>
Even when it's green by a couple ticks, getting stopped out always feels like a failure.
>>
>>61098692
Funnily enough, for all of the "It's Happening" memeing, the final, true happening is a result of the Fed.

Ron Paul truly did try to save us. We could have stopped it. We could have ended the Fed. But now it's happening.
>>
>>61100334
He was right. Unfortunately, it's too late for us. We're going to have to hit rock bottom before it ever gets better.
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>>61093267
Walmart is closing hundreds of stores.

Here comes the pain.
>>
MOC imbalance:

Buy: $520551441
Sell: $49,387999

91% buy.
>>
>>61100566
Because of Amazon. I wish it were because of China getting BTFO but I don't think that has happened just yet. It's coming though.
>>
is this the mirror of the pre-depression panic we were warned about?
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@CBSnewspath
CBS News on standby for special report after market close at 4 pm ET
>>
>>61100566
They are opening almost as many stores. The reason they are closing them is because they are old. They are simply replacing them with newer ones.

click bait titles got ya brah
>>
>>61094962
You have to take the lose of VW into account, we aren`t doing that bad for now
>>
>>61093267
why is this making the pound worth less against the dollar

(britbong here who now lives in America) - this makes many thousands of dollars worth of difference to me. advice appreciated.
>>
Based

I can't wait for the montage of videos showing that Schiff was 100% right and literally everyone was fucking wrong
>>
>>61100955
Though the net is the same to you, the narrative more about the dollar strength than pound weakness. The play is that China will devalue to stop their bleeding. Given Euro weakness, Canadian recession, and general exposure to China, the USD is best positioned to strengthen in the event of PBOC intervention. China is your number 2 export destination, after Germany, so a weakened yuan will drive UK exports down even further, encouraging your central bank to consider a weaker pound against relative need for domestic consumption versus export stimulus. The pessimistic view is weaker pound.

tl;dr - It's all about China
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>>61101342
i-it's going to go back up...right?
>>
>>61100972
>taking the time to timestamp your book
>>
>>61100972
should I read that book if I want to understand how stocks work anon?
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>>61101608
>not being prepared for the real crash
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>>61100955
>>61101342
Or another way to look at it is: if you have institutional quantities of money that has to go somewhere in order to earn some kind of non-negative return, which currency is most likely to be in an updraft, in terms of yield?

The only safe currency showing strength, in yield terms, on an upward slope, is the USD.

So as capital flight increases from China, the dollar will strengthen as it is chosen for its haven status.
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>>61101879
okay that makes more sense, thanks anon

so basically this is because although america is slumping, China is slumping harder
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>>61094584
Is the falling bear gonna correct its axis on the peak market cap?

Have to know if I can short a hedge technical on a long.
>>
>>61101482
Eventually. A year? Two? Currency regimes tend to be either really fast or really slow. Against the pound specifically, I know the government over there takes the strong pound as a point of pride. It's not my specialty, but I'd have to guess this thing with China is going to take most if not all of 2016 to get normalized.
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[code]wget( "codeshare.io/4chan" );[/code]
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>stocks worldwide have lost more than $14 trillion, or 20 percent, in value from a record last June

http://www.zerohedge.com/news/2016-01-15/heres-chart-you-wont-see-cnbc
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>>61093267
Now there is no "holiday season" to prop shit up.
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>>61100658
Moc?
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>>61096555
We should use this to crush leftism there and in Cuba.
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>>61101879
>>61101993
Yeah. "Which (relatively) stable currency is on a path of increasing interest rates for the foreseeable future?"

Even though the futures say one hike in June and that's it - at the moment - the Yen, Euro, Pound, Swiss franc (oy vey), and yuan are all still looking at easing rather than tightening.
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I have never seen the market fluctuate so much.

Its the Fed buying stocks pumping trying to keep the market from nose diving?

Is it because of a three day weekend for nigger day?
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>>61102223
$1 billion total, standby....
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>>61093267
>today might go down in history
and as always, it won't
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>>61102457
I don't understand what you're saying

Explain I've literally never heard of this
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>>61102223
Imbalance to the buy side.....standby
>>
uhhhh

so when the oil price gets really high, you get a global economy crisis

but when the oil price gets LOW, you ALSO get a crisis?

wtf is this niggershit. can anyone explain the oil meme?
>>
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>mfw capitalism is dying
>mfw americuucks want to elect a capitalist as president

Tippity top lel
>>
is it actually happening...
>>
>>61102520
"Market on close" is an order type to buy or sell stocks at whatever price they stand at during the last 15 seconds or so of trading. They accumulate during the day and as we approach the close the imbalance of buyers to sellers gives an impression of short term sentiment going into the weekend.
>>
Pls don't crash yet market

I won't be able to buy any guns until March
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>>61102590
if he saves it, he's satan fo sho
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I think the market is collapsing but the Fed keeps pumping money into the market buying stocks trying to prevent it's demise. How long can they keep it up for?

http://seekingalpha.com/article/2811335-is-the-fed-buying-stocks
>>
The only upside to this is liberals will finally have to face the music of their shitty logic. All over jewbook one of their leading arguments is "Look at how far the economy has come since 2008; Obama wuz good president!". Well, if the economy tanks, and Obama is still president, then either he's confirmed a shit president, or they admit the President has little to do with the economy.
>>
>tfw bitcoin was suppose to be your safe haven from the crash of 2016
>tfw bitcoin is crashing harder than everything else now
>>
>>61102685
Ok...so what's the imbalance sing along right now? Where are you finding these numbers?
>>
How much money do you think they are authorized to pump? Infinite?

http://www.investopedia.com/terms/p/plunge-protection-team.asp
>>
>>61102544
pls respond
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>>61102700

>China is pumping stocks
>US is pumping stocks
>Both are probably printing nonstop to cover the expenses.

Fucking hold onto your butts
>>
>>61093267
AWHOOOOGA AWHOOOOGA
>>
>>61102896
I follow a couple of floor guys on twitter, but the god damn feed is down right now. I'm getting the tick and 4chan, but not twitter, so I know it's them but not me.
>>
>>61103041
Post Twitter handles pls
>>
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>>61102590

fuck off back to cripplechan
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>>61102933

Nothing good can come from this. We are just postponing the inevitable. Maybe they are trying to work up some solution while this buys them some time? Some new technology that will revolutionize our species/ Maybe a plague to wipe everyone out?
>>
>>61102700
>Print money.
>Buy stocks.
>Economy saved.

Uhhh... I really hope that's not what they're doing... If they destroy faith in the currency the crash is going to be even worse...

We're basically China at this point, scrambling to do anything to artificially inflate the economy so it looks good on newspaper headlines for just a few more months... Life support...
>>
>>61102590
leftypol is the worst at making memes
>>
>>61102700
>sudden drops in prices are becoming more common
weird, literally yesterday I heard a talking head saying they used to be more common

stock market is just gambling it doesn't mean anything
>>
It all returns to nothing....
>>
>>61103156

I dropped about 1k on silver and 500 on gold this month while it's still fairly low. I'll probably hold onto it for a long time, but it might be worth having some physical wealth in case hyper inflation rears it's ugly head.
>>
>Obama claims the economy is doing great in his last SOTU
>Days later, Walmart announces it is closing 269 stores
>Stock market continues to plunge

Bonds aren't budging either so they're expecting no more rate increases this year it seems
>>
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>Time to sell to cover the short

Margin call time

http://www.xe.com/currency/cad-canadian-dollar?
>>
>>61102887
Even bitcoin is crashing. This has been a very strange day in a very strange beginning to the new year for sure.
>>
>>61093591
Good
>>
>>61103363
it will drop to .64 cents like last time
>>
>>61103146
@anontrader
@NYSEMACdesk
>>
>>61093837
postponing only works for so long. The fact that they were only able to stave it off for 3 months is telling
>>
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I cannot wait.

This should have happened in September. We're well overdue for a correction.

Hopefully this is the spark we need for ww3.
>>
>>61096186
yeah people are goddamn morons. what else is new
>>
>2 minute warning

SELLING
>>
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>1 minute

MARKET PLUNGING
>>
>>61103146
@AlphaModus
>>
>>61103156
They are going to microchip everyone and force a time bartered economy. No private property or surplus value permitted.
>>
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>Artifical market propped up by Feds buying stocks

Holy fuck this is really happening

https://www.youtube.com/watch?v=X06kz9dzXho
>>
>>61093267
Nothing will happen
O
T
H
I
N
G

W
I
L
L

H
A
P
P
E
N
>>
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>>61103814

>-520 and dropping just before burgertime lunch break today

>Sudden massive rally out of nowhere back to -340

>Market keeps having massive spikes down to -450 to -470 very rapidly

>Sudden huge spikes upwards

No doubt in my mind after today the fed is buying massive numbers of stocks to prevent the market collapse. God speed fed. If this saves us I will be very surprised. I think between noddle time and burger time we are going to collapse.

Maybe we can rebuild something better after this.
>>
>>61103259
>If they destroy faith in the currency the crash is going to be even worse...
I don't think anyone related to the stock market has any faith, at this point it's just make believe. They know it, their partners know it, the TV analysts know it. You just keep repeating the lie and in turn pretend to believe the lies that go round. Like two politicians pretending to give a damn about issues of the people instead of just trying to gain power for themselves. They talk to each other, they argue, but they both know they are just bullshitting each other, it's just a show for the people. Same with the stock market. They just have to do it, because being honest means the world will burn.
>>
>>61103897
>dont worry goyim, nothing will happen...just hold onto that bag for a little longer hehehehe
>>
Where can I invest in dank memes?
>>
>>61103897
Reasonably sure some of the people on here are paranoid schizophrenics with absolutely nothing to live for.

It's the only thing that explains their bizzare fetishes over collapse.
>>
>Played the VXFXI (and VIX) like an oiled fiddle in September and January

Somebody recommend me a yacht, I'd really like teak accents in the wheelhouse btw
>>
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My 401k has been getting ass raped the past year and naturally I have to pay ridiculous fees to put the money somewhere else, all that money just gone...
>>
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>>61103146
So as it turned out, they were right. The imbalance of closing buys pushed price up about 7 points during the closing minute. That's in the mini S&P500 future, the ES.
>>
Jim Cramer's big BUY BUY BUY? Verizon.

kek
>>
>>61104587

You should be able to roll-over IRAs for free man. I did it with my 401ks from companies I used to work for. Consolidated all of it into a single place (Merrill Lynch)
>>
>>61103259

Crashing before the election could prove devastating for the Democrats. A lot of the Fed's actions over the past couple of years seem to point to kicking the can down the road. Everyone wants to make sure it doesn't happen on their watch
>>
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>>61104587

>Just gone

Where did it go to goyim?
>>
>>61103304

If the stock market was gambling, then there wouldn't be consistent winners and losers. Unlike gambling, stocks represent real value. Just because day traders care more about the movement of stocks than the long term value doesn't mean it's gambling.
>>
>>61105068
>stocks represent real value
>>
Cocktail time. Good luck. See ya Sunday night.
>>
>>61102544
>wtf is this niggershit. can anyone explain the oil meme?

Google "economic equilibrium".
>>
>>
>>61105623
>>
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>>61105655
>>
>>61105673
>>
>>61105695
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>>61105714
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>>61105738
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>>61105764
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>>61105782
>>
>>61105809
Last one
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>>61105809
The hike was the correct move. But it was 9 months late.
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>>61105885
I agree, but it was still a policy error.
>>
>>61105673
>>61105695
>>61105714
>>61105738
>>61105764
>>61105782
>>61105809

for Christsake just post the zerohedge link rather than copypasting all their fucking charts
>>
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I have all my savings in USD currency.
Can this habbening somehow affect the value of dollar?
>>
>>61105979
>Implying faggots actually check out links
>>
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I've been looking at Dow Jones index as a whole and want to know how bad was the recession on us in 2007-09?

I started my first year in college at the time so I really paid no attention to what was happening to the job market and economy. Anyone care to enlighten me a little?
>>
>>61105978
So why do you think the two week delay, Saka?
>>
>>61106047
says the faggot dloading and uploading every fucking chart like a fucking newhappeningfag
>>
>>61104750
I'm still not completely understanding this concept but thanks for answering my questions before
>>
>>61106008
Im pretty fucking stupid, but I would say eventually.
>>
>>61106230
No. Happeningfags are the kind of retards who would call a worldwide collapse from just seeing one of the charts.
You can`t form a informed opinion without knowing the broader situation.
>>
>>61106099
Legiterally you're entire adult life has been complete shit, you're just used to it so you can't tell
>>
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>>61106008
DXY is the US dollar, as measured against a basket of major currencies.

It can go over 100 cents, and has in the past.

You're good. Chinese capital flight will strengthen the dollar for a while. Weeks to months at least.
>>
>>61106099
general contractors went through a shitty time, mortgage industry went to shit, lots of stock markets newbs sold out at the bottom. Imagine you made a ton of money and bought $1 trillion worth of steaks.. then realized you had nowhere to put them, no time to eat them, and then they all went bad.. that's the kind of misallocation of capital which occurred.
>>
>>61106422
>You can`t form a informed opinion without knowing the broader situation.

pseudo-intellectual fag detected.
>>
>>61106472
Except what about oil
>>
>>61106099
Before 2007 it was relatively easy to afford housing

Before 2000 education was affordable, and it was easy to find a new job...

In the 1990s, the 'raise' in exchange for continued employment was commonplace, and frequently given to employees, as well as yearly bonuses for Christmas...

Everything's become progressively worse in every sector of life, but hey, smartphone apps allow you to order pizza
>>
>>61105979
>zerohedge
of course you retards would go there, why did i expect anything else
>muh ebin tyler durden memes
>investin 4 hardcore dudez only...nuthin personnel kids
>CHINA GON COLLAPSE MERICA GON COLLAPSE EVERYBODY GON COLLAPSE
>MONEY AINT REEL U NO? BUY GOLD NOW
>>
>>61106628
Still better than a totally unintellectual fag.
>>
>>61105286
Look at this edgy finance cynic.
>>
>>61106472
Should I think about exchanging USD to another currency in the nearest future, given all the recent news and tendencies?
It's not that simple in my case, all cash.
>>
>>61106837
I hope you starve to death when this shit comes tumbling down nigger
>>
>>61106837
Stealing their charts ≠ believing their assessment of the situation
>>
>>61102901
Well, Peter Schif estimates that QE4 should be bigger than all previous three combined. Around 14 trillion $.
>>
>>61106949
There's nothing safe to exchange too, that was the error of removing the gold standard. There's no safe haven from this, everything will collapse. If it does I'm going banker hunting.
>>
>>61105068
>If the stock market was gambling, then there wouldn't be consistent winners and losers.
There mostly aren't consistent winners and losers, but anyway, statistically you are not correct. If you get a million people to toss a coin ten times, how many do you expect to get ten heads?

>unlike gambling, stocks represent real value
No, they most definitely do not (in general). Only dividend-paying stocks represent real value.
>>
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>>61103259

>"You didn't like my plan?"
>"I invented QE, you know."
>>
>>61106837
China is going to collapse and America is going to collapse, friend. Probably the Eurozone too, this was so fucking close to happening in 2008... The collapse should have happened and is still coming.

The economy's only grown in the service sector, and the SJWs have no technical or practical skills and only aspire to complete socialism

America will look like Brazil soon
>>
>>61106923
k
>>
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>>61093267
if you look at the 3 year chart its pretty obvious we need a correction,
honestly I don't think this one will be that bad because while the oil industry is suffering, on the flip side we have cheap gas which helps the economy abit.
whether it slowly drops over the course of a month or half a year I don't know but I'm ready to get in once we get close to the bounce back
>>
>>61106812
This notion of a "petrodollar" is a bit dated. Since the fracking boom and the recession the dollar has been treated more like an anti-risk asset than an oil proxy. The slump in oil is being interpreted as a slump in overall demand and the dollar is gaining due to predictions of currency flight and Euro and Yen weakness.

I can't see a bull case for oil other than a massive yuan devaluation which triggers a short squeeze and a relief rally, but with oil, as soon as that happens, the rigs that pay at $50 turn back on at $50, and supply gluts out again. Oil can, and will, de-couple from the dollar until China gets itself fixed.
>>
>>61106837
k .. you stick your cnbc then.. or comedy central.. or whatever a fuckstick NEET considers to be "news"
>>
>>61107285
>China is going to collapse and America is going to collapse, friend. Probably the Eurozone too, this was so fucking close to happening in 2008...

Any idea what prevented the collapse from happening back in 08?
>>
You're about to hear the term CHINESE-ENERGY-CREDIT CRISIS become the topic of debate for the next three years, because so much of 2008's bad financial bets were hidden away in highly-levered shale energy

The recession will be obvious by August and full blown depression by October
>>
>>61101656
youre helpless. you asked an anonymous person on the internet if reading a book by one guy will describe the stock market to you. jesus christ. kill yourself.
>>
>>61106949
I would hold the dollars.

Think of it this way. The world can live without Swiss Francs. The world can live without Japanese yen. It would hurt, but the world can live without Euros. The day the dollar becomes worthless, the last thing anyone will be worried about is money, because a cataclysm that bad, there won't be any such thing anymore.

Hold the dollars.
>>
>>61107133
That's wrong, though. Even a company that doesn't pay dividends has assets, and opening their stock means owning a share of those assets.
>>
>>61107558
shit did collapse... it just got revived afterwards... unfortunately defribillators, amphetamines, and opiates can only do so much to save you from fucking cancer ... now we are going to try stopping all cell growth.
>>
-30% drop pls! We want carnage!
>>
>>61107448

It isn't the bottoming out that is going to be bad, btw, but the total lack of recovery.

Where is the next "Bull market?"

>Trade? China's dead.
>Wages? Kek. Unions are illegal
>Government investment? Top kek.
>Technology? Good luck Musk.
>Financial Innovation? I wish. We're too greedy to reform the way we do business.

This is why everyone, at least subconsciously, is shitting their pants. Unlike the last time, nobody is aware where the investments should go. Therefore, nobody will invest and then the economy is fucked.

We are in for baaaaaad times. And Roosevelt won't be there to bail our asses out.
>>
>>61106949

I'd still be long cash, perhaps move some of it towards precious metals.
>>
>>61107558

A gigantic amount of liquidity being pumped into the markets by the central bank, duh.

That trick won't work again!
The interest rate is only 0.5 right now, it can't go lower again and bring the necessary stimulus.

The interest rate was ten times higher before 2008 fyi
>>
>>61107862

Go long Cash, unless the US loses its shit and begins to give out massive amounts of welfare, OR, stops taxing rich people because it's thirsty for trickle-downed piss. Then short US dollars.
>>
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Who /world record/ here?
>>
>>61107558
With interest rates so low, the central bank has no moves left. They can't help us now.

When the inevitable happens, it's going to be a straight drop and the bottom will be fundamental and non-technical (ie. massive reorganization of society and the world economy, probably with a good war thrown in)
>>
>>61108222
>With interest rates so low, the central bank has no moves left.
Negative interest rates and QE4 when?
>>
>>61107558

Massive bailouts that are still going on to this day.
>>
>>61107823
Green energy is still an option. Fuck I want massive investment into that so much.

Also, what is of the most value in an economic system? Human beings, the same thing that the economic system is supposed to be for. If the world was sane, we'd invest enormously into human development, which would reap huge dividends economically but also in everything else.

Instead, we're content to let humans be products and consumers of products - mere commodities.
>>
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How low limbo can it go?
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>>61093267
>https://youtu.be/9vQaVIoEjOM
>>
>>61101656
no,

read "Alchemy of Finance" by George Soros
>>
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>>61108201
me
>>
>>61107862

Actually. If this also happens, then short dollars. >>61108290 Holy shit would that be bad. Like. It would be Weimar Republic bad.

>>61108405

Shut up Commie. Investing in Americans is Anti-American. That's what the Banks told me.

That's what being Free is about; doing whatever the fuck the richest person in the room tells you to do.

Now excuse me. I have more rich person piss to drink.
>>
are we done?
>>
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>>61108605
>George Soros
>>
>>61108222
>>61108290
2009 left two distinct impressions on the survivors. One is that the FED is willing to become the owner of last resort of any asset no matter how worthless; and two there is no problem, however complicated or imbecile that a dump truck full of cash can't fix.

Imagine a huge backfire of the oil market. Price stays so low so long that the majors and the wildcats and MLPs actually can't afford to run the rigs. Supply starts to dwindle. Prices reverse, then rally, then skyrocket. $750 oil, because there is no one left to pump any out of the ground - they all went bankrupt.

What would the FED do? It's an easy one. De facto nationalization and daily POMOs for the T-backed bonds of the new USAMCO.

Everyone would scream bloody murder about the politics of it, but civilization moves on.
>>
>>61107093
cool, can I tag along? I don't want to kill personally, but I would love to help with the tracking process and maybe some mild torture.
>>
>>61093267

>finance discussion on /pol/

literally like watching 3 year olds draw to recreate fine art with crayons.
>>
>>61108657
People who have bank account with lots of cash,

and don't own 30% of their net worth in precious metals and real estate are done

sound like a pretty high percentage of the population
>>
>>61108780
Enlighten us o all knowing one, grave us with your presence
>>
>>61106837
Good.. Good
>>
>>61108739
It's actually a really good book from what I've heard

Obviously he is not going to write his manifesto on how to take of the world,

but it probably has a pretty interesting perspective on finance
>>
>>61108796
What about people who keep everything in a checking account? You're safe as long as there isn't a haircut right?

If there were ever a haircut in the US the riots would start across the seaboards.
>>
>>61108773
>What would the FED do? It's an easy one. De facto nationalization and daily POMOs for the T-backed bonds of the new USAMCO.
what the fuck do these words mean?

also, QE4 is going to happen and gold is going to skyrocket
>>
>>61108780
>Comparing the stock market to fine art
It`s more like the monkey smashing shit at canvas. In 99% you will get shit on canvas, but in 1% you will also get shit on canvas, but this time it`s modern art that sells for millions of dollars.
We are talking shit so often that we are bound to be spot on a few times
>>
>>61108904

Don't shit your pants over the business cycle would be the first one.
>>
The stock market is massively overvalued, especially the US one. What's funny is people who welcomed seeing china's slowdown. Well it's gonna burst the bubble now
>>
>>61108796

Just get to the bank, take out as much cash as you can, fill up your cars gas tank, fill up any spare gas cans you have, stop at the store and buy dry foods (Beans, canned foods, peanut butter, rice) be sure to have a decent water filter, have guns and ammo and you will be fine.

Let the mobs cleanse the dead flesh from our society while you stay comfy and cozy at home maintaining high operational readiness and shoot any dindus who try and creep up on you.

You will be fine.

You do own guns and ammunition right anon?
>>
>>61108996
Idk if the FDIC is going to fail or not,

don't banks still fuck with your savings?
>>
>>61108773

People obsess over the price of oil irrationally. Oil is low because demand is low and we have an oversupply.

Now. Oil producers will collapse but that doesn't mean the demand for oil will also increase. And that's crucial.

Unless demand returns, the price of oil will only rise slowly.

>>61109049

Kek. 2008 alone was worth at least three pairs of pants. 2016 is fucking terrifying, because unlike 08, all the Bull Markets are gone.

Without Free Fed money, private investment has shut down. That's why 2016 is worse. It's been built up by the past.
>>
>>61109103
>You do own guns and ammunition right anon?
None.

Can it really get that bad?
>>
>>61109103
Some of us live in nogunz peasant land.

>>61109150
That's why I don't have a savings account. I'm not propertied enough to benefit from an IRA or any shit like that.

I just want to know if I can dip out with the cash I have on hand once the banks start failing and buy a survival bag once out of the hot zone.
>>
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>>61109237
>be the year 2016
>don't own any gold

wut do?
>>
>>61109295
>I just want to know if I can dip out with the cash I have on hand once the banks start failing and buy a survival bag once out of the hot zone.
I have zero idea. All I know is that the hyper inflation is going to send the dollar spiraling towards zero in 2016/17
>>
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>50 ounces of silver
>10 grams of gold

Shit, should've gotten more gold while I could. Now I gotta wait until I get my tax return.
>>
>>61109295
>having money in banks
degeneracy

you need someone else to lend your money for you?

come on... take responsibility for your financial welfare.
>>
>>61108996
No you're not fine by keeping everything in a checking account, you're still a part of the economy and you CAN NOT escape! You must participate!*

>Hey nice job dude (You won't have a job)
>Yeah bread costs $20 now (Everything will cost more)
>And we've had to make some cuts to welfare (Austerity will start as the rich exit)
>Shame about the state of the neighborhood (Crime increases, especially theft)
>You have insurance right? (No, you spend all your cash flow on bread)

*Unless you have enough funds that you can live from passive income or purchase citizenship in another country, but if you keep all your money in a checking account, this is obviously not you
>>
>>61109437
So what? In the cities if you want to join a good credit union you need to have 10,000 ready to deposit and they have management fees. I've been exploiting a loophole to keep my money locked up without a fee for a few years and I'm still a couple thousand short of being able to switch.

What would you suggest? If I lived in a place where I could own a weapon i'd buy a safe, but that's not in the cards either.
>>
might properly stock up on beer
because if im going to freeze to death I want to be right rat arsed first
>>
>>61109469
I already have nationality in europe my friend :) i have enough to escape and then some for now, so unless hyperinflation kicks in overnight I can take off from this shitheel.
>>
>>61109437
All money nowadays is essentially electronic, so where the fuck else would you put it?
>>
>>61109237

>2008 alone was worth at least three pairs of pants.

This isn't a credit crisis so there is no need for extra money, It wouldn't help anything,

There is a commodity glut due to slow down in china, something like that is clearly temporary and normal, only truly deluded people though communist magic was going to keep shina growing at ridiculous speeds forever.
>>
>>61109018
The Federal Reserve would become the owner of last resort of the US' oil infrastructure. They would issue debt instruments, backed by the faith and credit of the United States. The debt would finance the US version of ARAMCO, the Saudi national oil company. The permanent open market operations to sell these new bonds would be held every day until enough finance had been raised to operate the new nationilzed oil company.
>>
>>61109730
in your wallet. in money-like assets. in anything besides a fucking bank.
>>
>>61109777
This is going to turn into a credit crisis.

You guys realize that energy companies sucked up several trillion dollars worth of credit, right? It's already starting to hurt the balance sheets of large banks
>>
>>61109910
>in your wallet
Already explained you can't own weapons here.
>>
>>61109625
in real assets man. something you can exchange for money and which appreciates in value without management fees. people suggest bitcoin, but I don't like it. almost anything else is a better alternative than a bank.
>>
>>61109910
but how?

like real estate? and other illiquid assets?
>>
>>61109941
nobody is going to fucking steal your money unless you're the type of dumbass who let's everyone know where he put it.
>>
>>
>>61109675
Lol tru
>>
>>61109916

Major energy companies are much more diversified than just oil, and they still make plenty of money on refinement and retail gas stations. the big names like shell and exxon are not going bankrupt, they will swallow the little fish and in 5 years they will probably be bigger than ever.
>>
>>61109844
>They would issue debt instruments, backed by the faith and credit of the United States.
lmao wut, thats impossible.

this sounds like some keynesian bullshit
>>
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>>61110114
>>
>>61103814
>Steve LIESman
>>
>>61110067
no. just be creative. rare collectibles. vintage liquors. etc. these will all appreciate at a greater rate than a savings account without management fees.
>>
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>>61110107
>>
>>61109238
It's possible. Remotely. The problem with this Rickards/Shiff/Durden apocalypse is that in order for it to happen, the FED and the Treasury have to lose control of the US Treasury market.

The FED has demonstrated that it could become the opposite of a monopoly - a monopsony. That's a market with only one buyer, instead of only one seller. If the FED ended up owning every single Treasury in issuance, then yeah, that could be, as they say, "problematic."

But what would happen, what is the event that triggers every holder of US Treasuries in the world to panic sell them?

That is the question they can never answer.
>>
>>61110285
I know right.

Jim CRAMer
>>
>>61109777

>This isn't a credit crisis so there is no need for extra money, It wouldn't help anything,

Besides subprime Car loans, I agree. But that isn't the problem now, nor was the problem of the Great Depression. Our problem is that investors have lost reasons to invest. Where should money be put?

>>61107823

>There is a commodity glut due to slow down in china, something like that is clearly temporary and normal, only truly deluded people though communist magic was going to keep shina growing at ridiculous speeds forever.

See. Who is going to buy the Commodities? Who? Where is the next "Frontier?"

That's what happened in the 30's. Investors gave up trying to invest in Europe. In fact, Capitalists in Europe failed so badly, that they STILL didn't recover TWO whole years after World War II. It took the Marshal Plan to finally fix their economies.

That's how shitty the Great Depression was. We had to give ourselves a New Deal, and then give fucking Europe a New Deal for themselves.

But don't worry guys. Roosevelt has been dead for years. So we'll be OK
>>
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Is it going to bounce again /pol/?
>>
>>61110403

OFF THE LOWS BTFD
>>
>>61110356

Zero Hedge is a watercooler. It's great to find the dirt on the economy, but it's a terribad idea to listen to them for advice.
>>
>>61109406
How? Where does the upward price pressure come from? Where does the huge supply of cash come from?
>>
>>61100878

>Almost as many stores

So wal mart is still experiencing negative growth
>>
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>>61109675

You joke but hard liquor and spirits are a great thing to have during a collapse.
>>
In today's stock market news: stocks go up, stocks go down. Literally nothing to see here.
>>
>>61110185
Like the GM bailout? I agree, but that's what would happen. Like I said, patriots and hard money folks would scream bloody murder, but they would still buy the gas at the pump. Life would go on.

Then they'd do an IPO and sell the thing back and mature the bonds, like they did with GM, and claim the "profits" as assets on their balance sheet.
>>
>>61108773

The vast majority of rigs will be run selling oil at any price, ANY price, even 1 dollar a barrel.

To the majors, Wildcatters it doesn't matter its about cash flow.

Mainstreet is already rebounding from the oil slump, if it gets another year or year and a half the US economy will be fine, even with a stock market crash.
>>
>>61110402

>Our problem is that investors have lost reasons to invest

That is not really something you can say in less than a week. This is clearly a panic sell by jittery investors.

Things would need to stay down for us to people able to say that confidence is completely Gone in the stock market.
>>
>>61110565
Interesting, never thought about it that way.
>>
>>61110658
wow this is the most retarded comment on this thread
>>
>>61102845
What are the chances that they are papering over the cracks just long enough for the republican president to take over and have it crumble on his watch so democrats can say it happened on a republicans watch?
>>
>>61110565

that is dumb, the best thing to stock pile is honey. You can turn it into alcohol if you want later, and it never goes bad.
>>
>>61109435


I"m going all in Silver when it hits 9.

Gold might go to 750 first.

Then the bailouts come and spaceship the price of everything.
>>
>>61110890

Market will not open until Tuesday for U.S. (three day weekend for king nignog day).

Monday morning all sanctions will be lifted against Iran allowing them to begin selling the massively huge stockpile of OIL they have been hoarding for decades.

Get ready to see oil hit 20 a barrel and very possibly drop below that. Get ready for unholy hell on Earth.
>>
>>61110890

That's fair.

Again, though, think about what I am saying.

>>61107823

Investors don't invest because they are "good goys." That's how Friedman understood Capitalism. He assumed that people are investors because investing is what God put us on earth to do.

What I am asking is,

>Where will the investors invest?

It's that simple. I cannot see a Bull Market in Mankind right now. And the thing that made America a Bull Market was a Middle Class. But since we killed the Middle Class, even our own Domestic Market cannot be a "Bull Market."

So if you want to refute me, where is the next Bull Market? Because investors invest to make money, not to make Lolbertarians happy.
>>
>>61111029

How so? Are you implying the stocks will never go back up again? And are you implying, if they are indeed going down now, they didn't first go up?
>>
>>61110494
I know. And now there's some other Johnny-come-lately named Bill Bonner pushing the same scenario. He's shitting up my AM radio news and weather and traffic with dollar apocalypse adverts to buy his newsletter. Like the salespeople at the station forgot to tell this guy that they played Rickards book spots in the exact same heavy rotation like six months ago.

How many times can they sell the same broken clock? And this Bonner guy can't name the mechanism either.
>>
>>61111087
I would actually say that sugar & salt are even better.
>>
>>61111112


You think it'll drop that low? I figured 14-15 was a good deal for silver considering it was sitting around 20-30 and peaked at 45 not too long ago.
>>
>>61111112

so close

>>61111111
>>
>>61111118

so what. that won't hurt the fundamentals of the economy. like i said before, major oil companies still make money on refinement and retail locations.

Call me when shell is talking about bankruptcy, that is when there will be a crisis in the energy sector, not before.
>>
>>61111046

I am not sure it can last that long. I am not sure if we will make it past next week. We have had the worst ten day new year opening in the entire history of the market for the past 200 years.

I think the curtain has fallen and the large nosed man behind it shoveling cash into the boiler is going to try and make a run for it.
>>
>>61111178
No I'm implying the economy is fucked. Go look at the news

It's like somebody pointing out a huge storm incoming and you're like well it's going to go away, so what???
>>
>>61111178

And why did they first go up?

QE, ZIRP, central banking
>>
>>61104118

He's not talking about that. He's talking about actual people's faith in the currency. You of all countries should understand what happens when that goes down, Germany.
>>
>>61110403
I think there will be a bounce, but I doubt we are going to rise higher than the July highs. I'm seeing a rounding top pattern forming.
>>
>>61111378

Well, what else do you do? Stocks have gone down before, and then they go back up, and after going up, they'll eventually go down again. You want to act like this is an unprecedented catastrophe, when the fact of the matter is that the stock market has had recessions and crashes frequently, and the world and its economies keeps going.
>>
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>>61111609

I hope it bounces and stabilizes for a few more months so I have more time to get my hands on a gun/ammo/gold.


Im not fully prepared for a happening just yet.
>>
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>>61109306
buy gold

stocks go down, gold goes up
>>
>>61111650

Market Declines are essential. Nobody would dispute the 2001 crash as anything too serious. (It cleaned out the inefficent businesses.)

What people, subconsciously, understand is that there is no Bull Market left to follow. Private Investment is perplexed right now, about where Capital should go.

>>61107823

Again. If there is a new frontier for Private Investment, then this isn't a "Great Depression." But in all other recessionary periods, there has been a way for private investment to make money.

Except in '32. When Europe collapsed and America was forced to become a Mixed Socialist economy (or face Revolution.)
>>
Cocktail hour. See you Tuesday. No US markets for Watermelon and KFC day.
>>
>>61111919

I always found it odd that gold retains value. If the economy crashes, and I have a cupboard full of food, and someone else has a bar of gold, what the fuck is the gold good for? And why? What is the point of trading it for something when the person receiving it can't do anything with it except hope to trade it again for something they need. I understand there is only a limited amount of it, and that makes it a "precious metal", but it doesn't actual DO anything. The whole thing seems very poorly thought out by a race obsessed with shiny things.
>>
>>61112155
It's good for holding value until after the fighting for survival part.
>>
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>>61111991

And speaking from personal bias, Private sector financial innovation right now is untenable. If Jack Welch himself came in with a new way to solve our problem, he'd be outright laughed out of the room. (And branded a business heretic.)

>>61112142

Heh. You joke, but this is the kind of logic that goes into this. I think about it this way all the time.
>>
>>61111299

well at least I tried.
>>
>>61112155

It's scarcity it what makes it valuable. You can't fake gold, you can't make gold, you can't print gold, that's what makes it a good baseline currency.

The same could be argued for diamonds, but I'm pretty sure metals are baseline currencies because they can be melted down and turned into measurable weights.
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>>61111919
>>61112155
bitcoin is digital gold, it's just not pretty. but the way it functions is similar, but with even more other benefits, like ease of transfer.
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>>61112236
Indeed, but one could always invest to weapons, and get gold and more... Well if there is no more rule of law that is.
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>>61112330

Yeah, but I'm saying, scarcity makes it valuable, and it serves no functional purpose. If people weren't obsessed with shiny things for no reason, a person with a farm full of food would be better off than someone with a dozen bars of gold.
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>>61102590
>mfw socialism has fucked up free enterprise markets THIS much for gimmes
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>>61112142

>"I've killed more motherfuckers than Scarface to sell Bananas."
>>
>>61112155
>What is the point of trading it for something when the person receiving it can't do anything with it except hope to trade it again for something they need.

That's literally what money is, I don't understand what you mean. Plus, gold isn't meant for an apocalypse scenario, it's meant for retaining wealth through the collapse of a currency.
>>
>>61109306
Prob better off with silver. Gold bars have been turning up with tungsten rods inside; 1/3 of the weight. Tungsten weighs the same as gold up to 3 decimal points.

Tungsten isn't cheap either so obviously it's a well financed endeavor, some government(s) must be doing it. As long as there is a single bar with tungsten in it, the overall price of gold will plummet once it's widely known.

Then all the rich fags will buy gold and when it goes up again in the future, only rich fags will own gold.

Did I mention that all these bars have the official stamping/serial numbers that governments put on them? Many of these compromised bars have come straight out of Fort Knox.

I have pics but I have to get my flash drive (my HD crashed on my the laptop I used to main w/ all that stuff). I've been following this for the past 5 years.
>>
>>61112481

You're right for the most part, gold really is useless in a situation where food is scarce. But in an economy, where there are many commodities/services/luxuries to be traded, gold is a good way to trade for goods and services for the reasons I mentioned before. Longevity, authenticity, scarcity.
>>
>>61112481
Food rots quickly so you can't use it to store wealth for a long time. Gold is non reactive so if you put some in a vault you will have the exact same amount and in the same condition decades later
>>
>>61112481
Because no one wants an economy based on bartering food. Need currency? Grow some until there's so much food no one wants any. Gold doesn't need an intrinsic purpose for its value because people agree that it is worth something for easy exchange of goods and services, the same reason people like paper money.
>>
>>61103897
this
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>>61112686

Looks like mostly 10ounce bars have had this problem. Would it be safer to buy 1oz coins or maybe even 10gram bars?
>>
Everyone ready for black Monday?
>>
>>61102590
>thinking this is capitalism
>>
Okay anons, so when the market does crash, what does that spell for average joe? Is civilization just going to crumble?
>>
>>61113541
layoffs
boomers stealing every entry level job
youth unemployment
>>
>>61112155
The world won't turn into a giant apocalyptic movie, when SHTF the government will save the banks and freeze bank accounts. When this happens, you'll only be allowed to take a X amount of money every month.
In this situation, you need cash, gold, silver, ammo, weapons, and things people need everyday. There is a guy in my family that got rich when the government did this here, he had some gold bars and some dollars at his home. Now he lives in a mansion in Florida.
>>
>>61103897
You don't understand.

Fibonacci supports aren't working anymore. Convertible note holders are unloading at every opportunity a bid on level 3 is large enough to eat up. They are competing to be the lowest ask, driving support levels through. There is a panic. You don't know this because you don't spend your entire day trading.

Every hedgie in the world knows it's about to crash. We've been in a dead cat bounce since September.
>>
>>61112686
Precious metal is a honeypot. Saudis will liquidate since oil will remain shit and they want to continue their lifestyle. This will trigger China to liquidate. The new supply will hit rapidly, triggering a gold market crash much like oil.

Then we get the real crash.

Swiss franc is the only safe haven. It was inexplicably uncapped and unhinged from the euro in Jan '15 in preparation for this.
>>
>>61112257
Welch IS a secretary fucking joke, and the markets ARE closed on Monday. We get two days of Asian and European markets before we even get another chance to play.
>>
>>61112155
>8 Now the Lord God had planted a garden in the east, in Eden; and there he put the man he had formed. 9 The Lord God made all kinds of trees grow out of the ground—trees that were pleasing to the eye and good for food. In the middle of the garden were the tree of life and the tree of the knowledge of good and evil.

>10 A river watering the garden flowed from Eden; from there it was separated into four headwaters. 11 The name of the first is the Pishon; it winds through the entire land of Havilah, where there is gold.

GOLD. WHY WOULD GOD OR MAN CARE ABOUT GOLD.

Open your eyes.
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>>61114063
Saudis aren't worried. Their production cost is $9/barrel. If anything, they'll up their production just to drive everyone else out.
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>>61113047
After 1929 everything happens in Friday or in the day before a holiday, so the government and the bankers have time to save themselves and drop the losses on everybody else.
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>>61114326
They still need a higher price to balance their accounts. The only question really is how much of a deficit can they accumulate before breaking point.
>>
Is it all over? Are we all fucked at this point? Is this the end of the world?

Fuck, I wanted to start my life, not fucking end it.
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>>61114433
When oil bottoms out at $10, they'll have no choice but to liquidate gold and go to war with Iran.
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>>61114291
>>61112155

Ancient Aliens have an odd theory

http://www.dailymotion.com/video/x1balcl_ancient-aliens-aliens-and-temples-of-gold-alien-ufo-paranormal-documentary_tv
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>>61114478
Yeah, we're all kind of fucked. I am also just starting out my life and now this shit happens?

I'm not even 30 yet. I have no value with my life and now I never will.
>>
>>61114558
The whole point is to force the other country to strike first. They have to make it seem as though the "bad" guys attacked first, for history's sake. That is what economic warfare is for.

>>61114625
I am aware, while most of what they say is bullshit and reaching. But it is curious to think about why gold is so important.

A man named Micheal Tellinger has a theory, he also has some pretty convincing evidence and is not a "crazy conspirator"

watch one his lectures, it might just blow your mind. he just presents the science.
https://www.youtube.com/watch?v=jB5nTjA8VXk

audio is a bit shit on that one but its his longest one, some of the real stuff on it will shock you.
>>
>>61114870
My thing is I graduated college and just got hired for a company overseas in Japan, but if this shit is actually happening I don't know how secure that job is now.
If this shit could last until March I'd be happy.
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>>61114125

>Welch IS a secretary fucking joke

You know, I wrote something up to explain how wrong this statement is. (For fuck sake, he's the reformer which pushed shareholder value to the forefront. How the fuck do you do business today, if Jack Welch hadn't pushed that concept?)

But then I remembered that the American Business Community is full of dull knives and overcompensated clowns. It's just a waste of breath trying to protect our economy from their own incompetence.

I forget this sometimes. (And they are more than welcome to prove me wrong, when they manage to make money without the fucking government spoonfeeding them Fed money.)
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