Watching the market making it's rather steep correction......
Stan? It's starting huh?

We ain't seen nothing yet.

As you know I am a technical trader and I read charts.
That chart looks pretty scary right now.
Violated a whole lot of indicators in the last two days that usually end up pretty ugly.
I hate to predict because all it takes is a stupid idiot like Soros to turn things around.
He has so much capital and so many friends with the same money backing that they can orchestrate a fake turn and capitalize on the daytraders who don't know how this is played.
Anyways. I am seeing the support around 12000 area. If that brakes all hell will break lose.
All the pensions are going to be wiped away. 401Ks gone.
Let's hope this is only a "correction" and not the beginning of the trend reverse.
Looks ugly for sure.

My lucky Wall Street 8-ball says, "I can't tell you now. Try again later."

I'm afraid you're correct! Not just the market, there are a huge number of factors nearing collusion point.

Exactly! The small downturn in the stock market always happens....but this is just a start of the collapse that will effect many other areas.

Have we seen anything yet? No!

Prolly the repair man in wall street was showing his new helper by pointing at the ceiling at which light bulbs needed replacing, then pointing down at the floor at which tiles need re gluing down....

The poor guys up stairs thought he was the guy indicating what to do....

Maybe when the janitor pointed at the last tile that was really buggered.... and does the across the throat (its phucked) sign with his hand.... and then did the thumbs down to confirm it....

the poor blokes up stairs panicked and sold everything?

When the Islamist fuckers starts their terror on our streets then we can say for sure that is has began!
That will be the real sign of the meltdown to start.
I am soooo fucking ready!!!!!

Nibiru is coming. Wolverines, Fuckum

Jeff have you been staying up late again and listening to that Coast to Coast Am show with George Noorey.......come onnnn!!!

There is no Nibiru....that's a conspiracy by the Bilderbergers the Tri-lateral commission and the Illuminati...oh and the CFR!!!

Maybe Nibiru is actually a giant smoking donut?

Better keep FJ away from it then

I guess you didn't get my sarcasm.
I don't think anyone here has any idea of what's to come, it's mostly conspiracy theories and voodoo prophecies in my opinion. If you keep predicting crashes, you are certain to be right sooner or later, busts have followed booms throughout history, the most unlikely condition is a flat line consistent one, graphs are mostly going up or down, only sometimes more or less steeply. Enthalpy and Entropy govern life.

I have no expertise in market investment at all. I do listen to others that do.
They have been saying for two years that in x months the market is going to crash.
I've lived for 66 years and my experience is that if you keep saying something over and over and over eventually someone will believe it.

I guess there are a lot of believers now.

I pity all those so called "smart" unarmed urban folks that have not one idea on how to survive off the land if there is going to be a collapse.
The only fear is that I am overwhelmed by those that try to take what is mine. Remember the LEO that tried to take all the weapons from law abiding citizens in the aftermath pf Katrina.

Jeff of course I did...I was just heaping it on!! Life is a conspiracy....after all it takes two to make a conspiracy!!

.
Here is how they do it in China ...
..............................................

Angry investors capture head of China metals exchange
The head of a Chinese exchange that trades minor metals was captured by angry investors in a dawn raid and turned over to Shanghai police, as the investors attempted to force the authorities to investigate why their funds have been frozen.

Troubles at the exchange are one of many factors contributing to turbulence in China’s financial markets, as a slowing economy exposes the weaknesses of the country’s debt-driven growth.

http://www.ft.com/cms/s/0/02a129cc-4995 ... da5c9.html


..

The futures for Dow is already selling into -185.
WIll be a shitty day again.
Unless of course a lot of guys need to buy back and take profit on their short positions.
Although I can NOT believe real traders would leave even a freaking penny over the weekend in the market.
But again there are a lot of inexperienced day traders trading on their emotions and fundamentals which both are useless and sure loss this time.
Oil is below $40 so energy stocks will suck a big one tomorrow.
I love corrections. There was no base fr the market to go to 18K but the rich dems artificially kept the fucker up. Soros and Buffet are just a few of the assholes who used the cheap money from the feds.
I am not sure if interest rates actually could rise in this economy as even the threat creates a freaking sell off.
Greece, Spain, Portugal, Italy are in the dumpster and will bring down further the Euro.
Dollar is way too strong and Oil is being paid by it.
Yuang got devalued so we are going to have a trade deficit unseen til now.
Futuresure looks rosie.
Hold on to your hats this will be a ride and a half woooohooooo

Yep; I feel we are in for a real shit-storm!

Yeah, with everyone else panicking, Australia went and crashed as well

we lost $AU20 billion on one hour...... all up for the day we lost $AU60 billion plus

I mentioned some time ago about a major investment I have that was being transferred to the stock market beyond my control. I was wanting to get it out in cash..It was to be done by September. I was trying to cash it out in June...even take a penalty, but it wasn't possible. My agent asked me .." What do you think...the stock market is going to crash?"

I told him Yes. He actually laughed at me.

This whole world economy is so artificially propped up on our printed dollar. We have reached the tipping point.

I beg to differ with the statement made that no one knows what's going to happen. I sure seem to know some people that know. This has been talked about happening since the end of the last Shemitah cycle that the stock market crashed in 2008. I have read about this one coming and we still have till September 13h before this Shemitah cycle ends. There is so much more to talk about as things unwind around the world.

This isn't even close to what fits my definition of MAJOR. Nothing has happened yet but the typical rise and fall the stock market has made since its beginning. I wish the worst news was a dow bellow 8000. That would not fill my definition of MAJOR.

Dow Jones is 461 points down already before the market opening. Today I expect the stoppers to kick in to hold the crash.
This puts the Dow at 16041 at this very moment.
Financial companies will get to exit before any of the private traders get a chance to even put a sell order in.
Absolutely disgusting how many good people going to be hurt because how the system is rigged for the deep pockets.
When you trade you are trading against those guys.
It's almost like suing the lawfirm.....what are your chances?
WOOOHHHHOOOOOO I hope none of you is long on this freaking market.
Coal company stocls will become junk stocks however and will be an excellent pick up when all else fails.
Watch the panic and and the automated selling setting off a chain reaction today.
I never liked setting up automated selling.
The way I see it if you are trading watch the damn thing and hit the freaking sell button when you feel like it.
Markets do have their own dynamics through the day....depending how the guys on the floor taking their coffee brakes LOL.
Good luck ya'll