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

[presence]

still too early don't touch it

 

[rg17]

Ron Paul is right once again!

 

[loveshiscountry]

Oil is tough and getting worse as the price continues to fall. Most fracking needs around $60 a barrel to continue.

July 2015
Just-reported second quarter profit reported by the three giant integrated oil companies in the Standard & Poor's 500 — Chevron (CVX), Exxon Mobil (XOM) and Occidental Petroleum (OXY) — fell to $4.9 billion

Oh no, only 4.9 billion.

Jan 12, 2016
Exxon Mobil (XOM). The company is expected to report net income of $16.3 billion in calendar 2015,

Boo fucking hoo

 

[presence]

SUNDAY CRASH IN MIDDLE EAST

http://www.telegraph.co.uk/finance/...k-markets-crash-as-Tehran-enters-oil-war.html

 

[devil21]

July 2015
Just-reported second quarter profit reported by the three giant integrated oil companies in the Standard & Poor's 500 — Chevron (CVX), Exxon Mobil (XOM) and Occidental Petroleum (OXY) — fell to $4.9 billion

Oh no, only 4.9 billion.

Jan 12, 2016
Exxon Mobil (XOM). The company is expected to report net income of $16.3 billion in calendar 2015,

Boo fucking hoo

Related:
Dallas Fed has instructed banks to not mark-to-market energy company loan losses
http://www.zerohedge.com/news/2016-...nergy-mark-market-tells-banks-not-force-shale

Buying a little time for connected insiders to get out before SHTF???

 

[presence]

That's the Saudi Index (TASI); the move is like a 1000 point swing in the DJIA.

 

[rg17]

I'm expecting the stocks to continue to plummet this week and beyond!

 

[Madison320]

I'm expecting the stocks to continue to plummet this week and beyond!

If it does the Fed will start hinting about less rate hikes. If that doesn't work they'll hint about no rate hikes, then rate cuts, then QE.

They're trying to hold things together until after the election. I'd love to hear the phone calls between Fed officials and Democratic Party officials right now. Not that Republicans wouldn't be doing the same thing if they were in power.

 

[brandon]

lol strange seeing this posted here. This is my company. Have a bunch of stock that vests in a couple weeks. This dip isn't too far out of the norm though, the stock has been floating in the 25-35 range for the last couple years.

The quarterly filing did beat the street estimate, and we still have huge margins, so not sure why the market reacted negatively. I guess lower projections for 2016.

 

[Zippyjuan]

Ah the Recession Porn. Interesting to again note that when stocks are up, it is because statistics are fake and either the Fed or the PPT is pumping up the market because "they cannot allow it to go down". Stocks decline and it is suddenly not just due to facts but "proof" that the economic END IS NEAR! PANIC! RUN FOR THE EXITS! BATTEN DOWN THE HATCHES! Worst recession ever is coming!

Stocks are down about eight percent for the year. Not even a "correction" yet. And declines are only in stock prices and the price of oil. Unemployment is not rising. Prices are not inflating. Corporate profits are not collapsing.

 

[smokemonsc]

lol strange seeing this posted here. This is my company. Have a bunch of stock that vests in a couple weeks. This dip isn't too far out of the norm though, the stock has been floating in the 25-35 range for the last couple years.

The quarterly filing did beat the street estimate, and we still have huge margins, so not sure why the market reacted negatively. I guess lower projections for 2016.

Intel is (still) a pretty solid buy and hold stock. I got lucky and bought some back in 2009 but have since sold it to reinvest in to other projects. Would buy it again. It's dividend yield/history was the main attraction for me.

 

[presence]

Stocks are down about eight percent for the year. Not even a "correction" yet.

Corrections are measured from the peak of the previous movement not the beginning of the year. This is no doubt a correction now since the May high.

 

[Zippyjuan]

The movement pretty much started in January- not May. But again, the decline has basically been in stocks and oil and not the overall economy.

 

[wizardwatson]

The movement pretty much started in January- not May. But again, the decline has basically been in stocks and oil and not the overall economy.

If you look at the trendline, I don't think it's unreasonable for the DOW to bottom around 8,000. It was around there in Feb '09.

What exactly do you consider the "overall economy"? I mean, to me, I always felt the markets were detached from fundamentals as a rule anyway. It's mostly a bankers game. And what is the overall economy? War? Consumerism?

DOW has breached September lows as of today. By almost 100 points.

 

[Madison320]

What exactly do you consider the "overall economy"?

According to Zippy, the only indicator of the economy is jobs. We could all be digging holes and filling them in and the economy would be great according to the Zipster.

Personally I don't think there's any one measurement. I look at the trade deficit, the budget deficit, GDP, stocks, wages, and also jobs and other things. Pretty much everything is down except for jobs, which is a lagging indicator.

 

[wizardwatson]

According to Zippy, the only indicator of the economy is jobs. We could all be digging holes and filling them in and the economy would be great according to the Zipster.

Personally I don't think there's any one measurement. I look at the trade deficit, the budget deficit, GDP, stocks, wages, and also jobs and other things. Pretty much everything is down except for jobs, which is a lagging indicator.

Well, hopefully Zippy is right. Then the Fed can just enact QE4 and pay us all to spend money. We'll all have money. And we'll all have jobs. QE4 will be super awesome.

 

[wizardwatson]

At -480, if DOW closed now it would take spot #19 for largest one day point drop.

 

[Madison320]

Well, hopefully Zippy is right. Then the Fed can just enact QE4 and pay us all to spend money. We'll all have money. And we'll all have jobs. QE4 will be super awesome.

We'll have money but no stuff!

 

[Brian4Liberty]

According to Zippy, the only indicator of the economy is jobs. We could all be digging holes and filling them in and the economy would be great according to the Zipster.

Why go to the hassle of digging the holes. They just fake the jobs numbers.

100% unemployment over a long enough period drops everyone off the actively seeking list and magically you have 100% employment.

 

[Brian4Liberty]

Well, hopefully Zippy is right. Then the Fed can just enact QE4 and pay us all to spend money. We'll all have money. And we'll all have jobs. QE4 will be super awesome.

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