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

[devil21]

Rut roh! CNBC pulled Peter Schiff back out for their Fast Money broadcast today at 5:10pm ET. I haven't seen him on CNBC in a long time but we all know what his 2007/08 appearances meant!

 

[TheCount]

Rut roh! CNBC pulled Peter Schiff back out for their Fast Money broadcast today at 5:10pm ET. I haven't seen him on CNBC in a long time but we all know what his 2007/08 appearances meant!

http://www.cnbc.com/peter-schiff/

Looks like he's on pretty much monthly.

 

[devil21]

http://www.cnbc.com/peter-schiff/

Looks like he's on pretty much monthly.

Looks like they have him on more than I thought (though some of those links are written, not video) but yesterday's was in studio and very reminiscent of the 07 appearances that he became famous for.

 

[oyarde]

As of today , for the first time in my life , I am 100 percent cashed out of the market .Tomorrow starts my third week of retirement and my second day of my once a week part time job of 5 hours per day . I feel great

 

[Zippyjuan]

Congratulations!

 

[devil21]

Watch the yen...if yen strengthening continues, stocks heading back down in a big way. My bet is stocks heading back down.

 

[TheCount]

My bet is stocks heading back down.

When is that not your bet?

 

[Zippyjuan]

Kinda like me saying things are going to crash. But if I do- look out!!!!

On the other hand- http://www.cnbc.com/2016/04/07/us-markets.html

Dow closes down triple digits as oil falls, yen climbs

U.S. stocks closed about 1 percent lower or more Thursday, with financials leading declines. Continued strength in the yen against the dollar renewed concerns about global growth and the effectiveness of central bank policy.

The major averages ended off session lows but the S&P 500 still closed more than 1 percent lower to erase year-to-date gains. The Dow Jones industrial average closed about 174 points lower after earlier falling 231 points, with Goldman Sachs contributing the most to declines.

The Japanese yen was near 108.4 yen against the U.S. dollar around the stock market close after earlier trading near 107.7, a fresh high against the greenback going back to October 2014.

Where is that PPT when you need them?

 

[devil21]

When is that not your bet?

Compared to the dollar unit, that's always my bet. Funny that the stock market always steals wealth no matter whether it's going up or down.

Up? Dollar unit worth less. Down? Dollar units put into a stock account go bye-bye. Imaginary money always loses "value" no matter what because faith is lost in one way or another.

What say you?

And watch the yen....

Where is that PPT when you need them?

On Wall St at 3pm, apparently.

What's Deutsche Bank's stock price today compared to when I said it was being set up as next Lehman and to short it? What was the price then? Hmm....

 

[devil21]

appropriate time for a bump, no?

 

[kfarnan]

Compared to the dollar unit, that's always my bet. Funny that the stock market always steals wealth no matter whether it's going up or down.

Up? Dollar unit worth less. Down? Dollar units put into a stock account go bye-bye. Imaginary money always loses "value" no matter what because faith is lost in one way or another.

What say you?

It is a zero sum game. Only the bankers are winning a rigged game. Until sound money's adopted, there can't be real prosperity.

 

[Madison320]

appropriate time for a bump, no?

I think the Brexit is a non event for US stocks. My guess is stocks will rebound when everyone realizes this means the Fed has another excuse not to raise rates.

In my opinion the Big Event is going to be a reversal from the Fed. Lowering rates and more QE.

 

[TheCount]

appropriate time for a bump, no?

I'm making so much money today.

 

[jllundqu]

I'm making so much money today.

PM or gov bonds?

 

[jllundqu]

Meh.... stocks are only down 500... basically at May's levels... I'll get excited when it's down 1500

 

[TheCount]

PM or gov bonds?

Both, plus doubling down on stocks before they rebound. Seems an overreaction.

 

[jllundqu]

Both, plus doubling down on stocks before they rebound. Seems an overreaction.

BTFD BEEEYACHES

 

[TheCount]

BTFD BEEEYACHES

Indeed, even though mysteriously that term is only used for PMs. Same concepts apply.

 

[Zippyjuan]

Both, plus doubling down on stocks before they rebound. Seems an overreaction.

There always is an over-reaction. Nothing has actually changed yet. The response is over the uncertainty of the situation. Good time to be buying. The sell-off is just a temporary reaction. Dow is still almost 2000 points above its 52 week low (February). Dow opened with a big drop but didn't continue to fall during the day. With an hour to go, it is about the same as it was an hour after open.

 

[angelatc]

There always is an over-reaction. Nothing has actually changed yet. The response is over the uncertainty of the situation..

Well duh - sell on rumor, buy on news. That's how it works.

But it closed up ahead of the vote in anticipation of a positive remain vote. This is just a small correction. 2-3% is not the end of the world. 2007 - 2008 = we lost 50%. And even then, the only thing that was required in order not to take a loss was to sit tight.