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

[wizardwatson]

hitting new all time highs for S&P

Helicopter Ben has told Japan, "more cowbell". Japan has obliged. Markets responding.

 

[oyarde]

hitting new all time highs for S&P

I hope you are raking it in .

 

[devil21]

Why are stocks going up?? There is nothing but bad news globally! Fake gains are fake gains!

Helicopter money is on the table.

 

[Dforkus]

Why are stocks going up?? There is nothing but bad news globally! Fake gains are fake gains!

simply not true, corporate profits are up for a lot of sectors, stabilization of the energy market too. Also, because of the brexit hysteria, people are tripping over each other to buy our treasuries, driving the yields down below 1.5%.

With such a pitiful yield, safe boring equities, (the Compass Mineral (rock salt), MacDonalds, Coca-colas, Walmarts, and Altrias of the world), that pay much more than that in dividends (in many case more than double) just for holding become very attractive.

 

[Seraphim]

American, Canadian and British stocks have held up fine...have you looked at all the stock markets of Europe, Japan and the rest of the world? HORRENDOUS performances in the last year or so, specifically from the New Year on...and that's with a sizeable bounce up in the last 1-2 weeks.

Why are stocks going up?? There is nothing but bad news globally! Fake gains are fake gains!

 

[wizardwatson]

DOW broke record today.

It was yuuuuuge!

Somewhere, Zippyjuan is smiling.

 

[Zippyjuan]

Are we crashing yet?

 

[oyarde]

DOW broke record today.

It was yuuuuuge!

Somewhere, Zippyjuan is smiling.

This means Jordan and Brandon are filthy rich and should buy me a drink .

 

[devil21]

Are we crashing yet?

Might be time to get this crashing show on the road today. We shall see what comes out of the Hole.

 

[Zippyjuan]

http://www.cnbc.com/2016/08/26/fed-chair-janet-yellen-chance-for-raising-rates-has-strengthened.html

Yellen: Case for raising rates has strengthened 'in recent months'

In a much-anticipated speech Friday at the central bank's annual Jackson Hole summit, Fed Chair Janet Yellen voiced optimism about the economy and an expectation that interest rate hikes are ahead.

Speaking as the market wonders when the Fed will resume a policy tightening that began in December, Yellen issued some cautionary tones, but pointed to more increases on the horizon.

The Federal Open Market Committee "continues to anticipate that gradual increases in the federal funds rate will be appropriate over time to achieve and sustain employment and inflation near our statutory objectives," Yellen said in prepared remarks.

More pointedly, she added, "Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months."

After she spoke, Vice Chairman Stanley Fischer told CNBC the August jobs report being released next Friday "will probably weigh in our decision, along with other data that may come in."

James Bullard, another voting member of the FOMC, told CNBC earlier Friday that the Sept. 20-21 Fed meeting might be a good time to raise rates. And Loretta Mester, who is also a voting member, told CNBC before Yellen spoke that she expects to some signs of strengthening in the U.S. economy in the second half of 2016.

Government bond yields quickly moved higher after Yellen's remarks were released, while stocks were lower in early afternooon trading. The U.S. dollar was flat against the euro but down 0.3 percent against a basket of global currencies.

"The pre-prepared text from Yellen's speech at Jackson Hole today didn't necessarily offer much in the way of surprises but it did confirm one thing, there is now a clear and public hawkish consensus building within the Fed and Chair Yellen is on board," said Craig Erlam, senior market analyst at currencies trading platform OANDA.

After digesting Yellen's remarks, traders moved up the chances of a rate hike in the months ahead.

The possibility of a December hike, around 50 percent before Yellen's remarks, moved up to 60.2 percent, according to the CME. The market continues to doubt anything happening in September — less than two months before the presidential election — though the probability for a move jumped to 30 percent.

 

[devil21]

Finally! If the Democratic nominee on the verge of stepping down (and possibly being arrested but that's a hunch) doesn't set this damn selloff in motion then nothing will.

Dow futures -100 already.

 

[ILUVRP]

historic s&p 500 pe ratio is 15-16x , now 23-24x , the market could go down about 35% to get to historic levels .

 

[John F Kennedy III]

Let it all crash and burn.

 

[presence]

“We’re fragile right now,” said Kevin Kelly, chief investment officer at Recon Capital Partners LLC in Greenwich, Connecticut, which oversees $350 million. “It’s already priced into the market that Hillary Clinton is going to be president so right now anything that changes that narrative is going to give the market a pause to consider what that would mean.”

http://www.bloomberg.com/news/artic...ther-landmine-for-suddenly-vulnerable-markets

 

[CaptUSA]

Let it all crash and burn.

I don't think you really know what that means. If I thought for one minute that a crash and burn would result in a market-clearing, I might be able to agree. But I have seen no evidence to suggest that that would happen. In reality, I'd expect us to be living through some serious pain and suffering for an extended period of time.

 

[John F Kennedy III]

I don't think you really know what that means. If I thought for one minute that a crash and burn would result in a market-clearing, I might be able to agree. But I have seen no evidence to suggest that that would happen. In reality, I'd expect us to be living through some serious pain and suffering for an extended period of time.

I wasn't serious. Boobus wouldn't learn a thing from it.

 

[helmuth_hubener]

This means Jordan and Brandon are filthy rich and should buy me a drink .

Umm, it hadn't gone up that much.

My hope would be that this thread might educate some on the difficulties associated with trying to predict the market. Presence made a prediction. Was it right? By all means! Smacked right out of the park. It was a great one; one for the ages! A pundit might have a clear-cut winner of a prediction like that once in a lifetime; more likely none in a lifetime.

Even with that..... would you have made money over the last year following his advice?

And if you can't make money on such a clear grand-slam winner of a call, what hope can you have of ever making money, of making money on calls that may be less once-in-a-lifetime, more humdrum?

Better, in my opinion, to be diversified, to have some gold -- a good chunk of gold -- and be safe no matter what may happen with the market.

 

[oyarde]

Umm, it hadn't gone up that much.

My hope would be that this thread might educate some on the difficulties associated with trying to predict the market. Presence made a prediction. Was it right? By all means! Smacked right out of the park. It was a great one; one for the ages! A pundit might have a clear-cut winner of a prediction like that once in a lifetime; more likely none in a lifetime.

Even with that..... would you have made money over the last year following his advice?

And if you can't make money on such a clear grand-slam winner of a call, what hope can you have of ever making money, of making money on calls that may be less once-in-a-lifetime, more humdrum?

Better, in my opinion, to be diversified, to have some gold -- a good chunk of gold -- and be safe no matter what may happen with the market.

I am covered , I will be here in luxury with my authentic flannel sheets .

 

[Zippyjuan]

Umm, it hadn't gone up that much.

My hope would be that this thread might educate some on the difficulties associated with trying to predict the market. Presence made a prediction. Was it right? By all means! Smacked right out of the park. It was a great one; one for the ages! A pundit might have a clear-cut winner of a prediction like that once in a lifetime; more likely none in a lifetime.

Even with that..... would you have made money over the last year following his advice?

And if you can't make money on such a clear grand-slam winner of a call, what hope can you have of ever making money, of making money on calls that may be less once-in-a-lifetime, more humdrum?

Better, in my opinion, to be diversified, to have some gold -- a good chunk of gold -- and be safe no matter what may happen with the market.


]

Not being able to time a market does not mean one cannot gain from being in that market. The price of gold cannot be timed either. If you bought in 1980 you still have less value when adjusted for inflation. If you bought then, the price in dollars fell over the next 20 years. Gold's recent peak was $1900 in 2011. Had you bought then, you would be losing money today. If you bought at the start of this year, you would be doing pretty good. What will it (or stocks or other investment) do in the future? Nobody knows. Nothing is certain. There is no guarantee.

 

[TheCount]

Finally! If the Democratic nominee on the verge of stepping down (and possibly being arrested but that's a hunch) doesn't set this damn selloff in motion then nothing will.

Dow futures -100 already.

Dow up 250 pts so far today