DJIA, NYSE, S&P = CRASH!!!

[Zippyjuan]

Jobs report was neither bad nor strong. It did come in below expectations so stocks fell again despite the unemployment rate falling from 5.3% in July to 5.1%. New jobs totaled 173,000 but expectations were 220,000 new jobs added. But since June and July figures were raised by 44,000, adding those to the August figure and you are pretty close to expectations. Labor force participation remained the exact same for the third straight month. Average hourly earnings rose slightly.

With only 69.9% of businesses reporting numbers so far, (compared to the usual 79.9%), the figures will likely be revised in the coming months.

http://www.nytimes.com/2015/09/05/b...g-unemployment-wages-interest-rates.html?_r=0

For the week, the DOW lost about three percent.

 

[fatjohn]

So shmitah ends the day after tomorrow. Shouldnt there be a bit of pressure on the markets today?

 

[wizardwatson]

So shmitah ends the day after tomorrow. Shouldnt there be a bit of pressure on the markets today?

Well, don't get your hopes too high. Really the "Shemitah" phenomenon is a cluster of dates around September.

Elul 29th (debt release day) starts Saturday at sunset, and ends Sunday at sunset (partial solar eclipse sunday). But then there's the Feast of Trumpets (Sept 14th), the big date really of Yom Kippur on Sept 23rd that even seculars are obsessed with, then the Feast of Tabernacles on Sept 28th coinciding with the last of four "blood moon" lunar eclipses.

The jubilee year that starts September 23rd and ends next year on October 2nd is a time to watch all year. That's sort of my cutoff point for judging whether these many correlations are just a mirage.

Could be the end of the world. The Cubs may make it into the playoffs, that alone gives creedence to the the end of days.

 

[jllundqu]

So we are to wait until Oct. 2 before we call BS on the whole Shemitah thing?

 

[dannno]

So we are to wait until Oct. 2 before we call BS on the whole Shemitah thing?

Oct. 2, 2016 according to the post, but I'm guessing we will see some fireworks this month and next month.

 

[fatjohn]

So dow made new post crash highs today while S&P got resisted but could blow past them (1994) any minute still.

I'm a bit nervous.

 

[devil21]

So dow made new post crash highs today while S&P got resisted but could blow past them (1994) any minute still.

I'm a bit nervous.

Looks like suckering in those last few buyers before the bottom falls out. I'm thinking the Fed announces a rate hike tomorrow and away we go.

 

[brandon]

So dow made new post crash highs today while S&P got resisted but could blow past them (1994) any minute still.

I'm a bit nervous.

Really wasn't much of a crash to begin with. Fell like 10%... just a normal correction. Where it's going next is anyone's guess, but I don't really see many signs of a crash. The world is fairly stable at the moment.

 

[Zippyjuan]

From the record high on the DOW (18,300), the bottom was a 14% drop. It has already regained about half of it (up 1000 points since the bottom). Not exactly the "beginning of the end" some predicted.

 

[devil21]

From the record high on the DOW (18,300), the bottom was a 14% drop. It has already regained about half of it (up 1000 points since the bottom). Not exactly the "beginning of the end" some predicted.

It's commonly called the "denial" stage of a stock market crash chart.

 

[Zippyjuan]

Been hearing that since 2008. DOW is more than double what it was in 2009.

But "One day- you just wait and see!" Shemitah returns in just seven years!

 

[devil21]

Been hearing that since 2008. DOW is more than double what it was in 2009.

Would that mean the dollar is worth half of what it was in 2009?

 

[Zippyjuan]

Is it worth half what it was in 2009?

 

[TheCount]

Been hearing that since 2008. DOW is more than double what it was in 2009.

But "One day- you just wait and see!" Shemitah returns in just seven years!

Maybe God forgot to set an apocalypse reminder on his phone.

 

[Danke]

Been hearing that since 2008. DOW is more than double what it was in 2009.

But "One day- you just wait and see!" Shemitah returns in just seven years!

And the Nasdaq is almost back to the year 2000 highs.

 

[Zippyjuan]

And the Nasdaq is almost back to the year 2000 highs.

Or if you want to start from the bottom of the recession in 2009, it is up 278%.

Or if you look at the S&P 500 it hit an all time high this week. (up 192% since recession)

 

[DFF]

In terms of Gold, the Nasdaq and DOW are both down significantly since 2000.

 

[Zippyjuan]

Of course gold underwent its own bubble since 2000. That peaked in 2011 and has fallen about 40% since. Since then, the gold/ S&P 500 has tripled in favor of stocks.

 

[kfarnan]

Of course gold underwent its own bubble since 2000. That peaked in 2011 and has fallen about 40% since. Since then, the gold/ S&P 500 has tripled in favor of stocks.

PM's account for the fiat supply. They do what they always have done when the currency expands and markets are overvalued.

 

[presence]

Investors are suffering from a nasty Fed-fueled hangover.

U.S. stocks retreated on Friday as frustration mounts over the Federal Reserve's vague plans to lift interest rates. The Dow declined 290 points points. The S&P 500 declined 1.6%, while the Nasdaq declined 1.4%.

http://money.cnn.com/2015/09/18/investing/us-stocks-dow-fed/index.html