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Stock Markets All Over The World Crash As We Begin 2016

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Dominoes - Public DomainThe first trading day of 2016 was full of chaos and panic.  It started in Asia where the Nikkei was down 582 points, Hong Kong was down 587 points, and Chinese markets experienced an emergency shutdown after the CSI 300 tumbled 7 percent.  When European markets opened, the nightmare continued.  The DAX was down 459 points, and European stocks overall had their worst start to a year ever.  In the U.S., it looked like we were on course for a truly historic day as well.  The Dow Jones Industrial Average was down 467 points at one stage, but some very mysterious late day buying activity helped trim the loss to just 276 points at the close of the market.  The sudden market turmoil caught many by surprise, but it shouldn’t have.  The truth is that a whole host of leading indicators have been telling us that this is exactly what should be happening.  The global financial crisis that began in 2015 is now accelerating, and my regular readers already know precisely what is coming next.

The financial turmoil of the last 24 hours is making headlines all over the globe.  It began last night in China.  Very bad manufacturing data and another troubling devaluation of the yuan sent Chinese stocks tumbling to a degree that we have not seen since last August.  In fact, the carnage would have probably been far, far worse if not for a new “circuit breaker” that China recently implemented.  Once the CSI 300 was down 7 percent, trading was completely shut down for the rest of the day.  The following comes from USA Today

Under a new market “circuit breaker” rule in China established last year, which is designed to slow down markets and halt panic in the event of moves of 5% or more, the CSI 300, a large-company stock index in mainland China was halted for 15 minutes in mid-afternoon trading after diving more than 5%. But when shares headed lower once again just minutes after the initial trading halt, and losses for the day swelled to more than 7%, the new circuit breaker rules kicked in, prompting a shutdown of mainland China’s stock market for the day, according to Bloomberg.

After the first 15 minute halt, panic set in as Chinese traders rushed to get out of their trades before the 7 percent circuit breaker kicked in.  This resulted in an absolutely chaotic seven minutes as investors made a mad dash for the exits…

The sell orders piled up fast on Monday at Shenwan Hongyuan Group, China’s fifth-biggest brokerage by market value.

China’s CSI 300 Index had just tumbled 5 percent, triggering a 15-minute trading halt, and stock investors were scrambling to exit before getting locked in by a full-day suspension set to take effect at 7 percent. When the first halt was lifted, the market reaction was swift: it took just seven minutes for losses to reach the limit as volumes surged to their highs of the day.

“Investors rushed to the door during the level-one stage of the circuit breaker as they fretted the market would go down further,” said William Wong, the head of sales trading at Shenwan Hongyuan in Hong Kong.

The financial carnage continued once the European markets opened.  Markets were red all across the continent, and things were particularly bad in Germany.  The DAX was down 459 points, and it is rapidly approaching the psychologically-important 10,000 barrier.  Overall, it was the worst start to a year that the European markets have ever experienced.

When U.S. markets opened, unexpectedly bad U.S. manufacturing data seemed to add fuel to the fire.  Monday morning we learned that our manufacturing sector is contracting at a pace that we haven’t seen since the last recession

America’s manufacturing sector shrank for the second straight month in December. The industry’s key index — ISM — hit 48.2% in December, the lowest mark since June 2009. Anything below 50% is a contraction and a month ago it hit 48.6%.

The index has fallen for six straight months.

The trend is certainly heading in a direction that would ring alarm bells,” says Sam Bullard, senior economist at Wells Fargo.

This is yet another sign that tells us that the U.S. economy has already entered the next recession.

And what happens to the markets during a recession?

They go down.

In addition to the bad data that we got from the U.S. and China, there was another number that was also extremely troubling.

South Korean exports have traditionally been considered a key leading indicator for the entire global economy, and on Monday we learned that they were down a whopping 13.8 percent in December from a year earlier…

One of the more reliable indicators of the global economy continues to confirm fears of a worldwide slowdown.

South Korean exports — also referred to as the world’s economic canary in the coal mine — fell 13.8% in December from a year earlier.

This was a deterioration from the 4.8% decline in November, and it was much worse than the 11.7% decline expected by economists.

The “nothing is happening” crowd may not be willing to admit it yet, but the truth is that a major global economic slowdown is already happening.

And what happened to global markets today is perfectly consistent with the longer term patterns that have been emerging over the past six months or so.

In the weeks and months to come, things are going to get even worse.  There will always be days when the markets are up, but don’t let those days fool you into thinking that the crisis is over.  In the western world we are so accustomed to 48 hour news cycles, and many of us seem to be incapable of focusing on trends that develop over longer periods of time.

If I was going to put together a scenario for a global financial crisis for a textbook, what we have seen over the past six months or so would be perfect.  Things are playing out exactly how they should be, and that means big trouble for the rest of 2016.

But that doesn’t mean that we have to live in fear.  In fact, I just wrote an entire article entitled “2016: A Year For Living With No Fear“.  It is when times are at their worst that our character is put to the test.  Some will respond to what happens in 2016 with courage and strength, and others will respond with fear and panic.

As things start falling apart all around us this year, how will you respond?

  • Asj

    the market will respond with 300 point gain tomm.

    • Guest

      It very well may. But we saw the same kind of volatility in the lead up to the last crisis.

    • Creepy Pedro

      and then back down 300….there is no market. Its the fed and corps buying back and selling.

      • Bill G Wilminton NC

        I believe so…………..also no volume.

        Shalom

      • Rorschach

        There’s even a phrase/terminology for it “Corporate buyback”.

    • Bill G Wilminton NC

      Anything is possible……..

    • Dow 25K in 2016.

      That is the positive thinking I like to read!

    • MaxRockatansky33

      Maybe not so soon. At least Tuesday in red, then rebound. Greed St need to sell more, earn, lower the price of stocks, buy, rise price, rinse and repeat. Day as usual on Greed St.

  • Guest

    “The Dow Jones Industrial Average was down 467 points at one stage, but some very mysterious late day buying activity helped trim the loss to just 276 points at the close of the market.”

    LOL. I was watching the U.S. stock market indices in the last 10 minutes of trading today. Was that the PPT at work?

    • MIchael in Chicago

      PPT bought a handful of stocks at the last minute. Zero Hedge has a list of what was bought in bulk. I think Wal Mart and Caterpillar topped the list. They are two of the worst performing stocks of the last 5 years.

      • Guest

        They’re desperate.

        • CharlesH

          Make that VERY VERY desperate.

        • GSOB

          That’s alarming.

      • SunnyFlaSnotress

        Perhaps Walmart & Caterpillar just looked good to the Institutional Fund buyers.

        • Rorschach

          You obviously didn’t read his comment.

          “They are two of the worst performing stocks of the last 5 years.”

          • SunnyFlaSnotress

            He is wrong.

          • Rorschach

            Yet nobody cares what you have to say. You just come on here to troll and attack the author and other commentators.

          • SunnyFlaSnotress

            If you don’t care, don’t respond.. You definitely care, not that I care.

          • Rorschach

            Might want to brush up on your vocabulary and spelling and grammar that is assuming you have an education. Or did you simply fail school and that’s why all you can do now is troll?

          • SunnyFlaSnotress

            My vocab ist fine

          • Rorschach

            “ist fine”. Sure it is and look at how you fail.

          • Ricardo

            Guess its confused between German and English. “Ist” is German for “is” in English

          • Rorschach

            I know but we are typing in English here so German is not applicable.

          • First Person

            I love dangling participles.

    • Mike Smithy

      LOL indeed. It was the folks from Ramp Capital LLC better known as the PPT whom were deployed by Mr. Yellen to work their 3:30 PM levitation magic. Why won’t the SEC investigate these criminals?

      • Guest

        Ramp Capital. Good one!

      • Ranger

        Because the SEC is owned by the very criminals who would be investigated. No one is going to investigate themselves.

      • First Person

        I’m pretty sure, I just saw them up on the magic act bill board on the Vegas Strip.. Wow 2 places at once, seemingly.. Now that is magic.

    • Ashley

      I watched stocks throughout the day and found the last half hour of trading to be very strange.

    • Marc

      All one must do is look at the national debt clock. They added 102 billion on the debt for the taxpayer to pay for us to give to wallstreet so this ponzi scheme can continue. Sounds like robbing from Peter to pay Paul.

      • Joltin Joe

        Robbing Peter to pay Paul, isn’t that the basis of this country?

        • 3:30 Ramp Capital LLC

          Has been since forever

      • Jerry C

        Actually, Robbing Middle Class to pay the poor & rich, but we understand what you meant.

  • Bill

    Friday will tell the story as we look back to see if we witnessed a passing shower or became stuck in climate change.

  • CharlesH

    The markets only ended up today as they did due to the Federal Reserve’s Plunge Protection Team buying up as many stocks as they could.

    • Bob332

      It’s more like like the TPT…TOILET PLUNGER TEAM.

      • SunnyFlaSnotress

        Perhaps Walmart & Caterpillar seemed like a good bargain to the Institutional Fund buyers.
        One day’s fluctuation and you people are like a kid on sugar.

        • Rorschach

          More copy and paste?

          “They are two of the worst performing stocks of the last 5 years.”

          • SunnyFlaSnotress

            Yes, I am plagiarizing Pill.
            Walmart is up 12.13% over 5 years.
            That is definitely not one of the worst.
            Caterpillar is down 27.6%, but perhaps someone is seeing a turn around. it’s Key statistics are neither great nor awful. It’s debt is rather high which puts it at risk as interest rates climb.
            It has definitely has slowed down, however there are preditions that the building industry has strength.

          • iguana one

            Hey fool! Wal-Mart is “up” 12.5% because of it’s inflated prices. Nothing less. The smiley face has turned down and soon the shelves will be empty from the zombie’s like you looting the place for a few bags of Cheetos. LOL!!

          • SunnyFlaSnotress

            Crawl back under a rock, will ya?

          • http://www.mindbodygreen.com Kim

            Anybody assuming we are in a fair market, even as they claim it is not manipulated, is a delusional person. The Baltic dry index hit a new low. Hedge fund after hedge fund is closing because of the egregious fraud taking place in these so called markets. Walmart and Cat are toast. It’s a useless argument because it is so utterly obvious what is going on.

          • SunnyFlaSnotress

            Walmart is not toast you pretentious trollop.

          • Rorschach

            The only trollop is yourself Sunny. But you and everybody else already knew that already.

          • http://www.mindbodygreen.com Kim

            I had to look that word up. So I am a trollop? Lol.

          • SunnyFlaSnotress

            lol.. “I had to look that word up”. figures

          • Rorschach

            Which says everything it needs to about you Sunny. Of course nothing positive.

          • Malcolm Reynolds

            figures.
            Yea, you’re the last imbecile on this board that has the right to deride someone for not knowing the definition of a word.

          • SunnyFlaSnotress

            I made a Malcolm this morning.

          • Rorschach

            You made an embarrassment and a complete fool of yourself Sunny that’s what you made this morning.

          • SunnyFlaSnotress

            I also made Rorshach

          • Rorschach

            Proving my point again. Keep it up.

          • Malcolm Reynolds

            You did a great impression of a moron on a pole last night. Probably more than one.

          • bigskygrl

            You dont have to look at Walmarts stock to know they’re going down. All you have to do is make a quick glance at their shelves and their unhappy employees. They’re shelves are nearly half empty on a regular basis, even on some basic supplies. This has been going on since 2009.

          • First Person

            When they do become toast, because they are NOT right now or yet, we’ll be chin deep in a bad batch of kimchee.. you wont even be thinking about them, you’ll be worrying about where your next meal will come from.

          • http://www.mindbodygreen.com Kim

            Agreed

    • Mad Monkey

      I was watching it this morning (Australia) both Dow and S&P were below key levels of 17K and 2K then miraculous recovered. I did predict below 17K got there twice, LOL the manipulation.

      I have posted on this before it is no longer an investors market but day trader/speculators market. Hence Buffet etc al loosing money. If anything happens out of the ordinary the day traders panic and stocks go crazy. If they expect something to happen good or bad news stocks go up.

      China manufacturing has been dripping for a long time but last few months stabilizing very small drop then big drop on Dec figures.. Asian stocks up and down today but ended in the red. Volatility will continue with steady overall drop until black swan event.

    • afchief

      They cannot have a crash on 0bama’s watch. They will try and kick this can until next year.

      Watch!

      • Scoopie

        Happy and blessed new year, bro.

        • afchief

          You too, have a blessed New Year. Hopefully we see the return of Christ this year!!!!

          • Bill G Wilminton NC

            Yahoo…….thanks brother.

            Shalom

          • Guest

            Oh, that would be wonderful!

        • Rorschach

          Same to you as well.

      • Mike Smithy

        The banksters have no loyalties. Their allegiance is to themselves as they worship in the house of fraud and corruption. The first rule in the “Apache School of Asset Management” is to ride your horse until it gives out and then eat it.

        • afchief

          You don’t think 0lawless and his cronies are manipulating the markets?

          This man is evil!! Pure evil!!

          • Mike Smithy

            There is no doubt that President Zero’s cronies are manipulating these markets. However, the point that I am making is that banksters have a tendency to be opportunistic gutter slime. At this juncture, Olawless is a lame duck and they will drop him and his agenda if they can profit from it.

          • afchief

            I don’t know! I do know that a lot of these bankers that are still in power after the 07/08 crash should be in jail or at least fired!

          • Jerry C

            Oh contraire mon fraire! Could it be that his cronies actually value something higher than money? An ideology perhaps; like say, someone they worship?

          • Jerry C

            Man of Lawlessness. How insightful you are.

          • Lennie Pike

            Steve Kroft’s 60 Minutes expose’ on George Soros “One Evil Man” is worth the read.

          • Mike Smithy

            Ah yes, I love it when Glenn Beck refers to Soros as “The spooky dude”.

        • Jerry C

          Apache School of Asset Management. Thank you. I’ll never forget that.

      • First Person

        there wont be a 2016 election process

        • afchief

          That thought has crossed a lot of people’s mind.

          For that to happen, 0lawless has to declare martial law. I put nothing past this evil man.

        • Jerry C

          The 2016 election process has already been decided; we just have to go through the steps. I’d say though that this is our last Trump! 😉

        • Mondobeyondo

          I think someone has a Trump card up their sleeve…

      • Mondobeyondo

        Surprised their feet aren’t sore from kicking that can so many times down the road.

      • rat28

        If Obama prevent market crash, then we should have him as an eternal president.

        • iguana one

          Obama couldn’t prevent a lit match from burning down. He is a puppet of the first order of fools.

        • afchief

          0lawless should be in prison!!!

      • Jerry C

        Amen. The collapse will happen on a Republican President, Trump, so the zombies can blame; yet, LUITPOS will come out looking like a rose and the world will love him even more.

      • watchmannonthewall

        Not so sure about that. Last election cycle for a new president had a crash in September/October, pre-election, which probably played a large role in the outcome of the election. It certainly allowed the Prez to set many new precedents and gave him a free pass with regard to him taking any responsibility for the economic malaise we had for many years, and likely even partially today.

        I think they have become more than adept enough to use economic crashes to obtain the outcome they want in an election. If so, the crash will occur about the same time as last time.
        When you can print 1’s and 0’s at will and use them for money you can buy the entire stock market …and country, and crash it when you want!
        But if they are not that adept, my concern is if they are unable to get the outcome they want, they will abandon ship and simply move to another location from which to continue building their world empire. Been lots of goings on in Europe over the last few years with a loss of democracy and nationality, yes? Europe anyone?

    • Mondobeyondo

      The Fed is buying up all those stocks – because no one else is. Same will soon be true for dollars. Lots of dollars floating around out there. Not much foreign demand for them. Result: too many dollars. The more dollars, the less each individual dollar is worth. The purchasing power goes down. You end up paying more dollars for the same item next week. Hello, deflation.

  • XIU

    1. The Fed Plunge Protection Team is buying up the stocks.

    2. The Fed is buying up the US treasuries.

  • James Dohnalek

    Buy on the dips, down 467 points on the DOW, Is synonymous with
    fight to the last man at “little big horn”. Buy on the dips will be managers of stock funds going down the toilet.

  • Razorbacks1

    I am out of the market and have invested 30% of my money in physical gold and silver with the rest in cash. I watched Harry Dent this afternoon and he says gold and silver will top in the next 6 months and is recommending selling for a profit. Any thoughts? Be 100% cash?

    • GSOB

      Cash the cash in. It’s about time for a tumble.

    • Guest

      My advice is to ignore Harry Dent’s advice.

      Precious metals are insurance. Nobody knows how this is all going to play out. What would you rather be holding in the event of a currency crisis: precious metals or fiat currency?

      • Mike Smithy

        True, having physical PM’s make for a good insurance policy. My experience with Harry Dent is that he is a PM shill whom doesn’t have the best track record at making accurate and timely predictions.

        • Richard

          Nonsense. People are going to have to sell the PMs to generate cash with which to pay down their debts. That’s what all the goldbugs fail to take into account… and is why (in a rampantly DEflationary environment) gold is falling along with all other commodities. Notice I said “other commodities”. Gold is NOT money and has not been since just before noon on August 15th, 1971 when Nixon signed away gold’s parity to the dollar. Let’s get real. Poor gold isn’t even a useful commodity unlike silver, for example. Or even platinum.

          • Rhialto the Marvellous

            Yes, that’s why gold is 100X more valuable than silver – because it’s… useless…?
            Hmmmm…

          • Mike Smithy

            I am glad that you have so much faith in fiat Federal Reserve Notes that have lost approximately 99% of their original value over the past 100 years. I’ll keep stacking my physical PM’s at artificially low prices.

          • Rorschach

            Same here. Silver is quite affordable and will be worth a lot more than worthless fiat currency when the time comes.

          • Razorbacks1

            I have taken debt into account and I have zero debt, 3 fairly new vehicles, a mortgage with land paid for and money in the bank. With that being said, you still think its a bad idea?

          • Mike Smithy

            Why do you have money in the bank?

          • Razorbacks1

            Looking to retire in a year or so and not sure where to put it. I don’t trust banks or the market but don’t know where to get a good return on my money.

          • Mike Smithy

            I can empathize with your quest for a proper return on investment. However, knowing that the banks aren’t paying any interest of any consequence, I can’t understand why you would keep your assets in a bank that will eventually confiscate your wealth due to the new bail-in provisions. Personally, I would put it in my mattress before I would consider leaving it with a bankster.

          • Jerry C

            Where is your heavenly treasure where thieves cannot break in and steal? As far as your physical security, you’re way ahead of most everyone; congrats.

          • jox

            That wgy centrak bank buying is growing bigger every year?

          • Malcolm Reynolds

            “That’s what all the goldbugs fail to take into account…”

            Ahh, so you’re fully aware of the financial status of anybody that buys gold. You know they’re all in debt to their eyeballs or whatever amount of debt you’d like to now claim in an attempt to make yourself sound like you know WTF you’re talking about – “Gold is NOT money” – oops, too late….

            Just one more question, do you have some snide name like “Goldbug” for people that invest in anything else, or just gold (because you clearly don’t understand it)?

          • Jerry C

            Actually, gold & silver is true monetary value. The fact we went to a fiat currency just proves this fact. The question is will the criminals that fraudulently value gold & silver as well as our fiat currency be in charge with the new system to replace it.

      • Harry Merkin

        Ammo, water and food.

      • Kat T

        Don’t mean to sound facetious but I believe I”d rather be holding a loaf of bread and a jar of peanut butter. I truly believe the time will soon be here when that will be the only thing that will have any value. Food, water and shelter. But that’s just my humble opinion.

        • Jerry C

          In the book of Revelation, that’s exactly the scenario. God will be sending His Wrath upon unrepentant humankind to try to convince them where their livelihood comes from (i.e. it’s not the sun, seas or rivers).

    • Jerry C

      Don’t have everything in one basket. Always diversify. But how much gold & silver would you be willing to buy, sell or trade to be able to eat? Now, that is the million dollar question.

  • GSOB

    I’m thinking its about time for a run.
    (Money run)

    It’s rare to see M.S. here & MSM there – saying the same thing for today and 2016.

    There’s a bad moon on the rise.

    • Blue Moon Bad Boy

      Oh no! Another blue moon? That means the markets are about to crash again!!!

  • df NJ

    google “Everything Is A Rich Man’s Trick” has anyone seen this video?

    How true do you think it is or is it just conspiracy BS? Especially the last 30 minutes of the film. Do you think there’s any truth to the conjectures?

    • Jerry C

      Ouch. You’ve just given me a lot of homework this weekend.

  • GSOB

    Executive orders to ban certain guns and certain people of their rights.

  • GSOB

    Land grab by the federal government.
    ?
    ?

  • Rhialto the Marvellous

    (Pssst!)
    Hussein Obama is infringing!

  • GetReal4U2

    the “circuit breakers” give the feds time to decide if they want to play…

    the “world” economy is collapsing…

    a “new” leader is about to emerge…getting ready for things to “heat up” in the middle east…

    • He’s back

      Hay, I remember you. You were the guy that thought the world was going to end last September. You disappeared and now here you are again.

      • Jerry C

        If you’re referring to watching the Feast of Trumpets knowing what happened the last few times the previous years, then I would be in his same category. If you’re aware of Jesus Christ fulfilling God’s Holy Feast Days in the spring, then you should be more aware of the remaining ones to be fulfilled in the fall; Trumpets being the next to be fulfilled. Watching with great anticipation is what we are doing. So it didn’t happen last year, I’ll wait with even more excitement for this year…and if not, 2017, but eventually I know without a doubt that Trumpets will fulfill its destiny. Peace to you.

  • Mark Sivad

    Sorry to see all these countries’ exports to the US are not increasing (sarcastic).

  • Jazz

    It was a great buying day. Markets ready to rebound tomorrow :) I think we are at the low end of the trading range we have been in since Sept. Markets bounced once the S&P got below 2,000. That’s as low as she goes and back up we go!

    • Bill G Wilminton NC

      all by design there are no markets………..

      • Mike Smithy

        True. No markets, no true price discovery. All that is left is manipulation.

        • Bill G Wilminton NC

          Well said……….

          Shalom

    • MaxRockatansky33

      Don’t expect a big rally nor collapse. A Saudi Iranian war is brewing in ME. Oil price and commodities soon will skyrocket.

    • Rhialto the Marvellous

      Hey Jazz what happened to your hilarious prediction of Dow 20000 by the end of 2015?
      Are you going to admit you’re clueless or offer some lame excuse?

      • Rorschach

        He won’t admit it. After all he has to stick to his ridiculous script which he has been playing for many years now over and over.

      • Malcolm Reynolds

        Lest we forget, dude claimed he was up 200% in 2015. A feat even Warren Buffet couldn’t do.

        • Rorschach

          Yea apparently “Jazz” is “smarter” than Warren Buffett. Or maybe he was just advising Warren Buffett hence the losses.

          • Jazz

            When you use options and leverage you can easily outperform the pros on a percentage basis.

          • Rorschach

            I would never ask or seek any kind of advice from a troll let alone financial advise. You are just an embarrassment.

      • Jazz

        My prediction was as right as all the predictions about a stock market crash. I admit my 20k prediction didn’t come true. I still made over 200% last year. No harm no fowl!

        I will admit most of my big profits last year were on put options but still did well in individual stocks – Panw, AVGO, googl, nflx, amzn, hrl, ulta, ayi, & fb were my big winners

        • Rorschach

          Yet nobody really cares how you try and justify or excuse your loses.

    • Rorschach

      It’s funny how you have an excuse and yet your predictions are nothing more than hot air. You are just a delusional clown and a troll. Nothing more.

    • Malcolm Reynolds

      There he is! All hail the great and powerful Jazzy! The lying a$$ troll that made 200% in 2015 while the great Warren Buffet lost 7+ billion dollars. The man long the markets right up to the point where you acknowledge it and then he denies it.
      lolololololololololollolololololololololololololol

      • Jazz

        Ended up +204% in 2015 and up 19% two days into 2016. Laugh at me at you want I know the way to profits.

        • Rorschach

          You know the way to the bottom that’s right Jazz troll.

        • Malcolm Reynolds

          And I actually believe you. *snicker

          Laugh at me at you want I know the way to profits.
          oof, I’m laughing at you because that sentence.

        • Jerry C

          Yet, in the end, you know your way to net losses. I do respect you though for being honest; not totally forthcoming, but honest nonetheless.

  • Bill G Wilminton NC

    The market movement that we saw at the end of the trading session today was nothing more than the Plunge Protection Team trying to maintain the image that all is well on the USA Titanic.

    Tomorrow we will probably see a bounce back. All is fake !. All is debt ! . The banking system is insolvent !. This is all by design.

    Shalom

    • df NJ

      What does Shalom mean? Are you some kind of Shiite terrorist?

      • Guest

        It’s the Hebrew word for peace.

        • Rorschach

          Don’t bother explaining it to him he just so happens to be a troll.

        • SunnyFlaSnotress

          Which he knows nothing about.

          • Malcolm Reynolds

            And neither do you. Remember, you upvoted the stupid question.

          • SunnyFlaSnotress

            I don’t put Shalom in my postings like hypocritical Pill. I down voted Pill

          • Rorschach

            So what exactly is wrong with somebody saying Shalom? Nothing really you stupid troll.

          • SunnyFlaSnotress

            I didn’t say anything was wrong you assjack

          • Rorschach

            Sure you didn’t.

            “I don’t put Shalom in my postings like hypocritical Pill.”

            Now who exactly is the jack here?

          • SunnyFlaSnotress

            you

          • Rorschach

            Oh? Is that all you know troll?

          • SunnyFlaSnotress

            yes

          • Rorschach

            That’s suggestive of your IQ deficiency.

          • Malcolm Reynolds

            But you called him a hypocrite for using the word. Apparently you have no clue what a hypocrite is, or you actually see something wrong with him using the word. Sooo, either ignorance or liar – you choose.

            Yea honey, apparently you are only suited to laying pipe.

          • Malcolm Reynolds

            I’m really not willing to dig into the conversation far enough to determine how him ending a comment with that word makes him a hypocrite. I guess I’ll leave that you, giggling to yourself over in the corner. Shrug*. Oh, with a downvote too.

      • Rorschach

        Now you really are trolling. Is it a surprise you “upvote” Snotty’s comments. Trolls run in packs and so do you.

        • SunnyFlaSnotress

          At least he’s not “in bed” w/a man like Pill like you are.

          • Rorschach

            Nobody asked for the opinion of a “troll”. I am surprised you were able to roll out of bed to meet your quota.

          • SunnyFlaSnotress

            I generously volunteer my opinions. :)

          • Rorschach

            Not that anyone wants it. As for someone being in bed that must be you and df NJ considering how you two go hand and in hand usually and like each other’s comments.

          • SunnyFlaSnotress

            I’m in Florida, he’s in NJ.

          • Malcolm Reynolds

            No, you’re in bed with a dolt that doesn’t know the difference between a Hebrew greeting and a Muslim terrorist.
            +1 for you. Yea, I don’t really need to post the sarc tag….

          • SunnyFlaSnotress

            I’m not in bed w/anyone but at least I’m capable of performing.. unlike you.

          • Malcolm Reynolds

            Anybody can lay there and get pounded, and I’m sure you’d laid more pipe that the Alaska pipeline. It’s too bad you’re completely unequipped intellectually.

          • Shawn Chapman

            You’re not in bed with anyone!?…feign surprise. I am really not sure that “performing” solo is an example of “capable.”

          • SunnyFlaSnotress

            I do have a partner.. unlike you, I don’t lay fallow for cows to graze upon

          • Rorschach

            Counting yourself as a partner doesn’t count.

          • Malcolm Reynolds

            at least I’m capable of performing
            And perform, I’m sure you do. Lol! You’re so stupid, you thought calling yourself easy and sleazy a bust on me!
            hahahahahahahahahahahahaha

      • SunnyFlaSnotress

        He’s an antithesistist.

        • Bill G Wilminton NC

          haha lol call your spelling teacher

          • SunnyFlaSnotress

            Pill, it’s a name especially for you. Merriam may ponder my creativity.

          • Rorschach

            Your lack of creativity and simply scripted answers and responses.

          • Bill G Wilminton NC

            snotty, that is not creativity……….

          • Bill G Wilminton NC

            man proposes God disposes

          • SunnyFlaSnotress

            works for you

      • Bill G Wilminton NC

        Shalom is Hebrew for farewell lol

    • First Person

      1/5/16 Fast forward! You called it..WOW.. is this your fulltime job? If not you should consider it. You’re good!
      I hope you know I’m just teasing. You’re right about the insolvency and by design.. It’s like a cheap 30 minute version of The Price is Right game..

    • Mondobeyondo

      Smoke and mirrors. That’s all it is. And they can’t keep the magic going forever. We’ll all soon discover that David Copperfield wears no clothes. (ahem.. bad analogy)

  • Bob332

    The Sheeple Crowd will react as normal…Fear, Chaos, Panic, Riot, Protest etc etc. They’ll blame everyone…..EXCEPT themselves!

  • Dow 25K in 2016.

    The markets will recovery nicely tomorrow. Also, due to investing in renewable energy the global economy will experience a manufacturing boom. Obama told me so in of his state of the union speeches.

    • Bill G Wilminton NC

      What the FK ………….. Dow 25 K says Renewable Energy investments will fuel a global manufacturing boom………maybe I dont do enuff drugs or I am doing the wrong sh*t.

      This is getting ridicules……are the clinics starting early release programs…….I’m going back to the bar

    • MaxRockatansky33

      Sarcasm detected.

      • Dow 25K in 2016.

        Yes I am being sarcastic.

        • JustBill

          Sarcasm confirmed

    • fwalker2016

      You’re as delusional as the Jazz clown.

      • Rorschach

        They probably are the same personality.

  • alan

    By now everyone should understand the rules of the game. No market will crash, no central bank will close, no government will go bankrupt. What will happen is people will suffer under inflation and may have to eat each other. Low Level players (third world countries) will get cruise missiled. Things will get real $hitty and stay that way. All you have to do is every day turn on the news see if it looks like a General in the White House if not turn off the TV and go work in the garden.

  • Tine Jordbræk

    The market has not crashed yet. It has been predicted from 2008 of another crash but so far we have seen nothing

    • Rorschach

      Look who returns. It’s the Norwegian Sheeple who thinks that cash should be illegal and banned and is happy to follow along.

      • Tine Jordbræk

        Yes and you should listen to the scandinavians that have a more better developed system for using cards. We have experience in this. Look to Norway

        There is no need for cash at all BUT we still have cash

        • Rorschach

          So how well off are you Sheeple that the Norwegian economy is heavily dependent on oil being at a high price? Obviously no better than any other banana republic that depends on oil.

          • Tine Jordbræk

            We are well off even with a low oilprice.
            Unemployment rate is 4,6% The housing market is still increasing of a average og 6% per year. We hardly had slowdown in 2008.
            So still as a oil country we have good control of the unemployment rate. The average income in Norway is abouth 52 thousandUSD per year

          • Rorschach

            “The housing market is still increasing of a average og 6% per year. ”

            That’s a laugh. You do realize that is a bubble right then and there right?

            Oh and you are going based off official unemployment figures and official statistics and words? No wonder you are delusional and letting your country get over-run by refugees and immigrants.

          • Tine Jordbræk

            I do not thik that you need to worry abouth Norway. Look to Norway instead. Vi are quite happy here and we have good sosial system which many countries envy us- I think we know better than you. of how it is to live here

            We have immigration of abouth 15000 per year. This is a part of the global world and every countries have some imigration at the moment

          • Rorschach

            “I think we know better than you. of how it is to live here”

            No you really don’t. You are a victim of “Stockholm Syndrome” and you have repeatedly proven that. After all you are in favor of banning cash. Say hello to the NWO while you are it.

          • chris

            You are well off ,b/c of strict immigration policies and the oil fund.

          • SunnyFlaSnotress

            Rorschach is too embarassed to say where he is from. He only knows how to run and mock others.

          • Rorschach

            Is that all you can Sunny. Your reputation sure precedes you.

            “He only knows how to run and mock others.”

            Sounds alot like you doesn’t it?

    • Joltin Joe

      Is it a ‘free’ market when you have plunge protection teams and ‘circuit breakers’ to prevent the free market from taking the stock markets to where they realistically should be?

      • Tine Jordbræk

        Hi Where else than in the stock market or in the realestate market should the money flow go? There is no where else to put the money

        • Rorschach

          How about in actually improving peoples lives such as proper infrastructure, etc….? Or are you so brainwashed by the mass refugee flow and immigration in Norway that you cannot see.

          • Tine Jordbræk

            Our roads are good enough We prefer to have better sosial system and money in founds instead of debt than nice roads and this is a general acceptance in our country.

          • Rorschach

            Perhaps they should spend that money on education as it seems that their budget is severely lacking on that.

  • Cyber Revengeance

    don’t expect a fast stock market crash. Stock market will go down slowly in stages.

    • Rorschach

      There’s two possible chart scenarios a 1970’s decline or a sudden 1987 market crash. Recovery won’t happen from either of those scenarios.

  • Steve Hansen

    This is not a crash – just business as usual in this casino economy we have all over the World. Some win, most loose…

    For most people the economy is terrible and getting worse, but on the other side somebody is doing very well – and its just getting better.

    It would have been very interesting if you could write an article about those who win..! Who profit from a strong dollar? Who profit from an interest hike from the FED? If you try to look at it from that side, you will see there is many winners as well.

    Its to much oil in the marked, and to little demand, which is the reason why the price is low. In dollars terms that is, but if you looked at it from any other currencies you will see that their loss would have been a lot worse if the US dollar was trading lower. Just one example…

    • df NJ

      2016 they are predicting 18 million in auto-sales.

      • Gay Veteran

        with LOTS of sub-prime auto loans

      • Bill G Wilminton NC

        They are now offering 72 and 84 month payment books, 0 down. This is just more debt.

  • df NJ

    The last thing the people in power want is real economic collapse. That would lead to all kinds of communistic policies. When people are starving and there is chaos people demand MORE government not less. The people in power would be risking everything by letting the economy fall apart.

    If things get really bad, the president can have US treasury print its own tax free money. This would destroy the Federal Reserve. Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war.

    Shortly after that happened, “The London Times” printed the following: “If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun­tries will go to North America. That govern­ment must be destroyed, or it will destroy every monarchy on the globe.”

    The Bankers obviously understood. The only thing, I repeat, the only thing that is a threat to their power is sovereign govern­ments printing interest-free and debt-free paper money. They know it would break the power of the international Bankers.

    • Mike Smithy

      There is no rational reason why the U.S. needs a private entity such as the Federal Reserve. The corruption runs deep as referenced in G. Edward Griffin’s book, “The Creature from Jekyll Island”. To your previous point, these same banksters do not care about political models whether it’s Capitalism, Corporatism, Fascism, Socialism or Communism. As long as they control the money supply, they control the politicians and the people.

      • Bill G Wilminton NC

        I used to give this book out………free of charge to any that would read it……..20 years ago in Ft Lauderdale FL ” The Creature From Jekyl Island “

        • Mike Smithy

          It’s more relevant now than ever.

          • Bill G Wilminton NC

            Yes as the clock is ticking…

            Shalom

    • Bill G Wilminton NC

      Lincoln also got shot in the head………….

  • df NJ

    Funny satire on Obama:

    Google “episode-302-how-to-free-your-tax-cattle”

  • http://www.1913intel.com Matt

    All the people who should have lost their jobs last time (in 2008) instead got to keep them. They’ve been working their magic ever since. The next crash (maybe we are there) will be even worse.

  • Snake Plissken

    I thought the system would blow up two or three years ago. Now I have to admit I don’t have any clue. I guess we will know when we wake up some morning and the currency has collapsed??

  • RedSky

    Nightly news last night mentioned the markets had a little downturn. The anchor lady said, January sets the stage for the rest of the year in terms of economic growth. They were all smiley and happy as they said, we will have to see what it has in store for us. Who in their right mind is going to “wait and see.” Those were Nancy Pilosi’s famous last words about the ACA before it was signed into law. We all know what a nightmare that has created for millions of Americans as that massive piece of legislation was signed, sealed and delivered to the American people. Now our financial markets are imploding and we will just “have to wait and see” again according to them. Well, we all know that “run” is what most people should be hearing about now.

  • Rick

    So, what do the people with “courage and strength” invest in in 2016? I’m certainly not courageous enough to invest in any markets. We have a few options. Precious metals is always a safe bet, but you can’t go 100% on them. Real estate may be good depending on many variables. There is a finite amount of lake shore property, so in MN with fresh water lakes, and water starting to be a commodity around the world, that may be an option. Farm land is also a good bet. Chinese currency might be good… Baseball cards are probably out…
    My thought for the courageous and strong person is to invest in yourself. Start a small business, where you control your destiny, and tax breaks. Invest in your health. Obamacare will not take care of us as we continue to age. Our best bet is self education, or getting it through trained individuals we trust. As a pharmacist, I see people coming into the store every day I work complaining about how quickly costs of medicine (even generic), and other health services are going up. And I have to agree. The other thing people don’t realize is the risk factors for disease. Many believe it is lifestyle, what we eat and drink, and if we exercise…yada, yada, yada… While these controllable variable are important, most don’t realize the greatest risk factors we all face are two things out our our control. First, aging, and secondly our genes. So back to my questions above, what do we invest in? I’d say ourselves and our long term health. We are starting a company that will center on individualized genetic testing that will allow us to help patients identify where their health vulnerabilities might lay, and to help them assemble a firm nutritional plan built around slowing or preventing bad outcomes. It’s definitey worth the investment.

  • Rufus T Firefly

    Buying opportunity!

  • AzDi

    I would like to say to the people who respond to the trolls that continue to try to get us to take their bait. I say… DO NOT RESPOND TO THEM. You make their day when you do and it just continues. I could “list” the trolls, but you all know who they are. Ignore them. They do not deserve a comment….. in my opinion!!

    • Bill G Wilminton NC

      well said…………..

      • Lennie Pike

        Yes! No more responses or even comments related to what they say is the answer.

  • Richard O. Mann

    Question. What happens if the Saudis and their friends, get into a shooting match with Iran and their friends? What if the oil supply from the middle east suddenly stops? Would this be the black swan event which would cause the world to go totally crazy? Just wondering.

    • jack nichols

      it would be bad for those depending on ME oil China and most of Europe. The USA gets most of our oil from Argentina. Russia has their own oil.

  • David

    with Stock Markets crashing worldwide Investors are finding less profitable Stock options. The Wall Street Wolves are getting Hungry as the prospects of huge profits begin to dwindle.

  • Scoopie

    “mysterious late day buying activity”.. nothing like fiat currency to inflate numbers

  • DJohn1

    I am no financial expert. Being poor I have never seen the need.
    It is obvious that a crash of multiple markets is coming.
    Can the government control it with unlimited privileges to counterfeit money? That is what it really comes down to.
    Can they do a controlled purge?
    China is one key. Russia is another for different reasons.
    The trouble with oil is another.
    What we are seeing is the beginning of an entirely different kind of economic theory.
    The connection to the average person in the world is strong.
    Economic storms based on the average ability of people to buy things is also going on big time.
    When Obamacare hit, it started small. Now it is eating into the average discretionary income of the entire country.
    All of this compounds. Which is why it is important to the future markets of America.
    It is not just here. It is everywhere that cheap Chinese and India goods are being sold.
    Automation is playing a big part in the future of labor in every country on the planet. We are no longer in the age of assembly lines. Soon robotics will take over that particular part of the economy and with it a good portion of the wages that make an economy work.
    Translated into basic English it means the day of cheap labor competing might be over with.
    There are reasons why companies choose overseas vs here.
    When the entire thing comes to a head, we are likely going to solve it with warfare. History has its place and that has been done many times before.
    The problem is financial. And in the past going to war was the popular way to resolve it. No more. Britain lost its shirt in World War II. They never did really recover.
    Those countries starting over like Germany had a better chance.
    They were dealing with reality rather than fantasy.
    Our entire national tax system is based on Income Tax.
    When the common average person no longer earns a decent wage that tax base goes to hell.
    Obviously the people in charge do not see it that way.
    So maybe we need a whole new set of people in charge?

  • df NJ

    Bernie Sanders vows to breakup the too big to fail banks if elected and all day the news is about Obama’s gun control. This country is a joke.

  • jack nichols

    He is a major dork

    • SunnyFlaSnotress

      She, you dorkette

      • jack nichols

        I wasn’t talking to you, You are the ugliest woman I have ever seen, are you really a man that thinks you are female

        • SunnyFlaSnotress

          I’m more woman than you’ll ever be man

          • Rorschach

            You are more shemale than you are a female.

          • SunnyFlaSnotress

            A#1 woman..
            I’m every woman
            It’s all in me
            I can read your thoughts right now
            Every one from A to Z…
            Whoa whoa whoa
            Whoa (oh) whoa (oh) whoa
            I can cast a spell
            Secrets you can’t tell
            Mix a special brew,
            Put fire inside of you
            Anytime you feel
            Danger or fear
            Then instantly
            I will appear
            Yeah oh

      • Shawn Chapman

        No one is interested in what you have. Whatever it is I’m betting it smells.

        • SunnyFlaSnotress

          good.. keep your eyes .. or sockets as it may be, on your maggots

  • Ranger

    The entire system is an illusion! None of it is real. Just numbers manipulated with suckers attempting to profit from having the correct numbers. ALL financial systems and instruments are controlled and manipulated by the Central Banks for their agendas.

    Once the illusion no longer creates profits and gain for the Central Bankers, the curtain will be drawn back, and the world will see the brick wall.

    • ONE WHO KNOWS

      Exactly. The economy and money is a manmade system. It’s not real.

  • First Person

    We’re close now ….. real close.. tic toc

  • First Person

    It’s possible we might see something interesting in the China Market come this Thr 1/7..there are some rumors floating a MASSIVE SELL OFF IS COMING!

    • Jazz

      Lmao. No selloff anytime soon. Rookie

      • Rhialto the Marvellous

        Yeah, that’s right, the Dow’s going to 20000 by the end of 2015 – right Jazz?
        …wait a minute…

        HAHAHAHAHAHAHAHAHA!!!!!!!

        • Rorschach

          Yea he’s only off by 2841.34 points from his prediction. That’s just hilarious.

          He is probably the same DOW 25K account as well.

      • Bill G Wilminton NC

        You could be wrong, other people DISAGREE with you ! Including me.

        Shalom

      • MaxRockatansky33

        Selloff continues, thanks to China

  • Christine Woo

    You people crazy. Go to brain doctor, OK?

    • Rorschach

      Not as crazy as you. Especially since you keep copying the same phrase and words over and over.

      • Neveryesterday

        You people (Rorschach) crazy. Go to brain doctor, OK?

        I thought I would help him out and direct his statement to the person most deserved of it.

        • Rorschach

          You should know the definition of insanity and crazy “Alwaystomorrow” after all you keep coming back here under different aliases to troll and attack the author.

          Don’t worry though your punishment will be severe and painful and you will be banned and your comments deleted.

          • Cry like a little girl

            Ouch!

  • Mondobeyondo

    Happy New Year. Brace for impact…

  • Laura Cook

    the dominos are begining to fall

  • Rhialto the Marvellous

    Wow, what a comeback today! Boy the bulls were really out on this great “buying opportunity” day! The Dow was up almost 10 whole points! Yes sir this market’s in fine condition!

  • Barry Goldwater

    News flash- November 2016 Hillary wins big Dow closes year @ 26,000.

    • df NJ

      She has to win the nomination first. Just like in 2008, all the negativity has got to take her down at some point.

      • Rob W

        I think it’s a given that the dem machine will coronate that harridan. There are other choices, but none TPTB like so well.

  • mtntrek3

    Stable economy not possible without strong middle class. Also not possible with big banks over- leveraged. Our economy akin to a sick patient w/fed injecting needed nutrients. Sadly it’s only a matter of time.

    • Go go gadget

      Middle class is strong and robust. Record auto sales and home sales. This is the go-go 2000s.

      • mtntrek3

        I’ll agree to disagree. While auto/home sales are “up”……. not what they were prior to ’08. Many livable wage jobs gone w/the crash and replaced w/ minimal wage substitutes. More debt now as a result. Middle class sadly on life support.

  • rentslave

    George Ure says no crash until late 2017.

  • SunnyFlaSnotress

    I see you can post a link.. Wow!

    • Rorschach

      Much more than you are capable of.

  • Jazz

    Looks like another great buying day today folks. Buy low sell high. Some of my favorite companies are going to be selling at a discount. I love a good bargain. Time to go gobble some up!

    • Rhialto the Marvellous

      The absolute last thing I’d do is take advice from this idiot who said the Dow would be at 20000 by the end of 2015.

      • Rhialto the Marvellous

        By the way Jazz, it’s spelled “foul” not “fowl”, as in your reply below.
        If you can’t even spell at a third-grade level, why should anyone take financial advice from you?

        • Cry like a little girl

          People make mistakes, spelling, collapse predictions, etc.

          • Rorschach

            Alwaystomorrow you must be really desperate? Have you ever stepped outside or are you too busy trying to find ways to circumvent your ban?

          • Rhialto the Marvellous

            …trusting enough in Keynesian/socialist economics – that no collapse could possibly be imminent – that it makes you blind to the consequences.
            “And the band played on.”

    • HeyAHuman

      Here’s what you said two days ago:

      “It was a great buying day. Markets ready to rebound tomorrow :) I think we are at the low end of the trading range we have been in since Sept. Markets bounced once the S&P got below 2,000. That’s as low as she goes and back up we go!”

      Anyone who followed you would have been screwed. Awful advice.

      • Rorschach

        Ouch looks like Jazz has been beaten at his own game. Apparently he’s smarter than Warren Buffet as well. One makes you wonder if Jazz was advising Warren Buffet and that’s why he lost 5.8 Billion.

    • Bill G Wilminton NC

      Hot off the wire JPM says no more buying the dips !

      Shalom

    • Madonna

      Yes buy on dips is still en vogue. Strike a pose!

  • Rhialto the Marvellous

    The good news (for me at least) is that oil’s down again. Right now it’s at $34.50/barrel.
    I know many of you see this as a bad thing, but not me. It’s nice to get a break from overpriced gasoline. I doubt if it’ll last though. Hussein Obama, the illegal-alien muslim-in-chief, will do all he can to make all forms of energy expensive.
    Cruz 2016.

    • Rob W

      Reality is what is going to make energy expensive.

      • Rhialto the Marvellous

        Unfortunately Hussein Obama’s policies are “reality”. He is almost singlehandedly destabilizing the Middle East and his Keynesian/socialist/Communist/leftist/Marxist/Democrat Party economic policies are destabilizing the world.

        That’s “reality”.

        • Rob W

          “We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality — judiciously, as you will — we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors . . . and you, all of you, will be left to just study what we do.”

          I’m sure you’re a BIG fan of the guy who said this. Maybe someday you’ll make your return. To reality. LOL

          • Rhialto the Marvellous

            Aw come on. Let’s not sink to insults.
            Who did say it?

          • Rob W

            Don’t you know how to use the intrawebs? Google can be your friend…

          • Rhialto the Marvellous

            I was just hoping we could have a conversation and you could tell me.

          • Rob W

            Nah, but it’s a bit odd that you thought it an insult.

    • df NJ

      I agree with Cruz 2016. The only way Republicans are going to win the Whitehouse is by being MORE conservative not less.

      • Rhialto the Marvellous

        10-4, df NJ.
        May God send us another Ronald Reagan.

    • Can’t block

      The funny thing about how absolutely brainless you are is that Cruz was born in Canada, Obama in Hawaii, and yet you call Obama the alien and Cruz your savior. You really are a special kind of stupid.

  • Daddyotis

    Michael; PLEASE do something about Snotress taking all these discussion sections hostage. Sunny is obviously a troll being paid for every misleading obfuscating rant he/she posts. I know you are trying to be the bigger person by allowing all to have a say on this thread, but we’re at (and have been at for quite some time) the point where Snotress is clearly not interested in offering any opinion at all (pro or con) to the debate. Please block Snotress so the rest of us who care about the topics posted here can continue the discussion without constantly getting insulted. Thanks for your consideration on this.

    • Rorschach

      Seconded. That poster adds nothing to the discussion and really only ends up being hated by the community and called out. It’s an obvious paid troll.

      • df NJ

        Paid by who? I want to get the same job!

        Please post me something to google.

        • Rorschach

          You could always look them up or you can ask your partner df NJ after all you and Sunny are practically in bed with each other.

          • Cry like a little girl

            Just like you and Michael.

          • Rorschach

            It took you over 8 minutes to come up with that Alwaystomorrow? What happened you seem to be losing brain cells in huge quantities.

          • Cry like a little girl

            Sorry. I was eating some cherries and strawberries.

      • Cry like a little girl

        You can’t deal with her? I have no issues with her at all.

        Rather than crying like a little girl, simply don’t read her comments.

        • Rorschach

          Nice try Alwaystomorrow. You really are a pathetic and low-life individual who keeps asking to be repeatedly banned and with multiple comment deletion.

          What’s the matter you can’t deal with it?

          • Cry like a little girl

            I am outside now by the pool trying to figure out where to eat dinner.

          • Rorschach

            Nobody cares troll.

          • Cry like a little girl

            You are correct. Something Italian.

          • Cry like a little girl

            Michael can’t predict a collapse with any accuracy and it appears he is having trouble blocking me.

            No need though, today is my last day posting.

          • Rorschach

            “No need though, today is my last day posting.”

            Yea right like you said that was the last-time you would post before if Michael answered? You can’t even lie properly. You might as well admit yourself as a failure and jump off the tallest building close to you.

          • Cry like a little girl

            It is good to know that you are a fan and that you follow me.

            This is a promise to me not Michael, so I will keep this one. Today is my last day posting.

    • SunnyFlaSnotress

      I appreciate the lengthy discourse you made. It shows thoughtful time and effort.

      • Rorschach

        You know compared to your trolling comment there is more time and effort spent then your waste of words.

      • Rhialto the Marvellous

        By the way Sunny, is that avatar LeStat?

        • SunnyFlaSnotress

          No, just a vampiress I found. I believe the model’s name is Marlene or Marlena.

    • Rhialto the Marvellous

      I vote in favor of Daddyotis’ motion. SunnyFlaSnotress’ typical comment is like Hussein Obama as President of the United States.

      He sullies an otherwise great landscape.

      • Rhialto the Marvellous

        Michael, could you also please have the “downvote” feature turned on?

  • Bill G Wilminton NC

    Buy the dips NO….. SELL the rallies ! as JPM changes strategy.

    Shalom

    • Rorschach

      Not just JPM but others are also saying sell the rallies. it was a short rally anyway and there was warnings about it as early as September and October by these same analysts. It’s a pump and dump.

  • Bill G Wilminton NC

    It is now 3:44 pm and the STOCK MARKET PLUNGE PROTECTION TEAM IS BUSY AT WORK !!!!!!!

    Ha Ha lol what a joke !!!!!!!!!!

    • Rhialto the Marvellous

      Good observation.
      Kinda makes ya think doesn’t it?

      • Rorschach

        Yes PPT were hard at work from 3:00PM. They didn’t do much since the lowest was about -300 today. That means they were only able to rally about 52 points. Seems the more and more they try to rally and buy the less effective it becomes.

        • Rhialto the Marvellous

          Keynesian economics at its best.
          Could it be possible that Hussein Obama has in 7-8 years brought down the mightiest country in the history of the world?

          • Rob W

            T’was a crappy constitution anyway if it could be trashed by one guy in 8 years.

          • Rhialto the Marvellous

            Goodbye. I won’t be responding to you anymore. We have very little, if anything, in common.

          • Rob W

            It may surprise you to find that doesn’t bother me. We have nothing in common, self proclaimed marvellous one.

          • Rorschach

            Both Obama and Bush and the previous presidents have their own legacies. Bush’s is TARP and Obama is the Third wave of the financial crisis just like Bush’s is the second wave. To think that the 7 year economic cycle was criticized.

          • Rob W

            Funny how partisanship keeps our eyes off the ball, no?

          • Rorschach

            It’s a divide and conquer tactic also known as the false left/right paradigm. Obama as a democrat and Bush as a republican both expanded the national debt tremendously and both preside during two of the biggest financial crisis-es of history.

          • Rob W

            Both are awesome chickenhawks, as well.

          • Rorschach

            That they are with the same corporate “donation” and campaign contributors. This blog ran a good article about sometime between 2010-2011 I am trying to find it.

      • Bill G Wilminton NC

        Yes and buy a crash helmet.

  • Rhialto the Marvellous

    It’s 3:52. I just checked the stock markets.
    The Dow is down 282 pts
    The S&P is below 2000
    The NASDAQ is well below 5000 – both are key levels.

    This might be the start of what we all know is coming.

    • Rorschach

      -248.56. Looks like PPT tried but failed. Note the usual pattern of it kicking in at about 3:00PM.

      • Rhialto the Marvellous

        I like you Rorschach. What part of the US are you in? I’m outside Atlanta myself.

  • Rhialto the Marvellous

    Great time for the markets to decide to tank, what with N Korea exploding nuclear weapons.
    That really projects confidence, doesn’t it?

    *Sarc Off*

    Seriously, the very fact that America hasn’t collapsed yet is a testimony to the great system we used to have. Our engine could roar again under a truly conservative president. But Hussein Obama has pronounced that our depressed economy is in “recovery”.

    • Rhialto the Marvellous

      Cruz 2016.

    • Rorschach

      Take a look at the UBS Technical research on DJI Cyclical specifically the average length and decline and bull markets. It’s quite insightful. I have it posted below but it’s awaiting moderation for links.

      • Rhialto the Marvellous

        I Googled it but that looks like a long, tedious read. Could you sum it up for me?

        • Rorschach

          Use this but put zerohedge . com in front of it:

          sites/default/files/images/user3303/imageroot
          /2016/01/20150103_UBS2.png

          It is awaiting moderation right now for the proper link but you can use the one above just put zerohedge . com and then the /sites and full header

  • Rhialto the Marvellous

    OK, so roughly the Dow is off 1400 pts from its all-time high.
    If the fundamentals were good, wouldn’t the buyers have started buying by now? I mean, we’re down 814 pts over the last five days. If they expected the market to go up, they’ve missed several great “buying opportunities”.

    • Rorschach

      It’s not a bull or buyers market anymore. JPM, UBS and others are already saying it is a bear market. Even Dennis Gartman who is a famous bull is already saying it’s a bear market. I would be inclined to agree as well. The question is whether we would have a slow and steady decline or a sudden 1987 drop followed by another bull market.

      • Rorschach

        Also adding to what I mentioned the Chinese experienced similar market turmoil in 2007 which also affected the US stock market. I believe we are somewhere in-between 2007-2008 based on the patterns and trends we see right now.

        • Rhialto the Marvellous

          Q: What’s the #1, absolutely-no-doubt WORST job you could have right now?

          A: Minister of Finance in China.

          • Rorschach

            Q: What’s the #1, absolutely-no-doubt WORST job you could have right now?

            Being a troll in the theeconomiccollapseblog comment section such as Sunny or Jazz.

          • Rob W

            I don’t know about that; he may be a paid troll. Getting paid for being wrong is good work if you can get it.

          • Rorschach

            It takes a heavy toll on those same “trolls”. They start off enthusiastic but months in it already takes a heavy toll on those same users. So they either leave the game or continue and notice the numbers around them dwindling. There is quite a few interviews and reports of ex-trolls and what it is like. Desperation is usually what attracts them or being a Sheep or Sheep minded.

          • Rob W

            Personally, I have more beef with the reality challenged than with the outright trolls.

          • Rorschach

            They can be both as well.

          • Rob W

            And that’s it for me! Have a great evening, everyone!

          • Rorschach

            Same to you.

        • Bill G Wilminton NC

          Mr Rorschach, Oh boy I guess its starting….

          • Rorschach

            I would say it’s already been started with some false peaks and rallies. 2015 was merely the beginning point coupled with commodities and emerging markets. So yes the 7 year economic cycle does exist and it has been proven time and time again. As Michael wrote there may be days when the stock market is up but that’s merely a false rally to lure in the Sheep. The “big players” are already exiting the markets leaving the little fish.

  • Rhialto the Marvellous

    “After decades of broken politics in Washington, and eight years of failed policies from George W. Bush, and 21 months of a campaign that’s taken us from the rocky coast of Maine to the sunshine of California, we are five days away from fundamentally transforming the United States of America. In five days, you can turn the page on policies that put greed and irresponsibility on Wall Street before the hard work and sacrifice of folks on Main Street. In five days, you can choose policies that invest in our middle class, and create new jobs, and grow this economy, so that everyone has a chance to succeed, not just the CEO, but the secretary and janitor, not just the factory owner, but the men and women on the factory floor. In five days, you can put an end to the politics that would divide a nation just to win an election, that tries to pit region against region, and city against town, and Republican against Democrat, that asks — asks us to fear at a time when we need to hope.”
    – Barack Hussein Obama
    October 30, 2008

  • Jazz

    Scooped up some more bargains today. Love seeing stocks on sale – buy, buy, buy!

    • Rhialto the Marvellous

      I hope they do well for you.

    • Rob W

      I got completely out two months ago. I bought metal. Plumo y plata.

    • Rorschach

      You really are a delusional and pathetic troll. Not only do you have no excuse for the current “bear-like market conditions” but you try and sugar-coat it by saying about your bargains. You will lose everything and I won’t feel a shred of sympathy or pity for you at all.

    • Bill G Wilminton NC

      Jazz I dont know who you are but you are hurting people with your jubilant repetitive buy buy buy Scoop Scoop Scoop . These are dangerous and intimidating times and caution should prevail.

      WHILE at the same time JP Morgan says “NO MORE buying on the DIPS” ……Why dont you argue with JP !!!

      JP MORGAN SAYS NO MORE BUYING ON THE DIPS. Get the significance? Do you get it ?

      I believe that you have an AGENDA !…….. or smoke some really good sh t……….

  • Rhialto the Marvellous

    Just looked at the National Debt Clock. We’re at $18.8T and climbing – almost $19T, and closing in fast upon $20T.

    The markets are tanking, which will further depress employment, which will further depress tax revenues, which will mean more debt.

    Nice job, Democrat Party.

    • Scott Comin

      So the republican party will save you huh?

  • Rhialto the Marvellous

    So you know what did close higher today?
    Gold and silver.

    • Rhialto the Marvellous

      Gold was up 1.38%
      The Dow was down 1.47%

  • Rhialto the Marvellous

    “A former U.S. attorney predicted this week that Hillary Clinton “will not make it to the finish line” in 2016 because she will soon be facing a criminal indictment from the FBI. During an appearance on Laura Ingraham’s radio show Tuesday, famed attorney Joseph DiGenova said that the FBI has “reached a critical mass in their investigation of the secretary and all of her senior staff” and predicted that it would come to a head “in the next 60 days.”

    DiGenova, who rose to national prominence during the Clinton scandals of the ’90s, told Ingraham that if Attorney General Loretta Lynch refuses to indict Clinton, there will be a “massive revolt inside the FBI, which she will not be able to survive as an Attorney General.”

    FBI Director James Comey has not indicated when his agents will wrap up their months-long probe into Clinton’s possibly illegal “homebrew” email server, butduring a Senate hearing last month, he said the FBI doesn’t “give a rip about politics” and that President Obama has not been briefed on the investigation.

    DiGenova said that the FBI already “has so much information about criminal conduct by her and her staff that there is no way that they walk away from this.”

    And if Jim Comey, the FBI director, is doing his job, which I expect him to do as an honorable man, she cannot be the nominee of the Democratic Party.

    She’s going to have to be charged with the crime. It’s going to be a very complex matter for the Department of Justice, but they’re not going to be able to walk away from it. She and her staff have committed numerous federal crimes involving the negligent and improper handling of classified information. They are now at over 1,200 classified emails. And, that’s just for the ones we know about from the State Department. That does not include the ones that the FBI is, in fact, recovering from her hard drives.

    Ingraham expressed doubt that Lynch would be willing to indict Hillary Clinton, given her loyalty to the president, but DiGenova pointed to “vitriol of an intense amount” developing among the intelligence community who will “fight to the death” to make sure Hillary and her staff face justice for mishandling classified information. In fact, according to two of his sources in the FBI, “they are already in the process of gearing themselves to basically revolt if she refuses to bring charges.”

    It should be noted that DiGenova has a pretty decent track record when it comes to prognosticating. He accurately predicted that President Barack Obama would shed tears during his press conference Tuesday announcing his executive actions on guns. “We’re going to get a tearful presentation from the president some time in the next 24 hours,” he said on WMAL Monday.”

    – Debra Heine
    PJ Media

    • Scott Comin

      Don’t you realize yet both parties are puppets? Has anything really changed for main street with either party? The only entities that seem to get play are the ultra wealthy, corporations and banks.

  • THE WHITE MAN IS PURE

    oh well the j3ws strike again

    • Bill G Wilminton NC

      Does that mean the JAWS strike again…..we are all sinners !

      Shalom

      • THE WHITE MAN IS PURE

        NO IT MEANS JEWS

  • Lennie Pike

    I’m guilty of arguing and exchanging insults with the trolls that are destroying discussion on this site (and the site itself) just as much as anyone so I shouldn’t speak up – but I will. These idiots never contribute anything truthful that makes any sense or any valid point, so their only task must be to ruin the site for everyone and discourage anyone new from participating.

    I am beginning to wonder if some commentators here who engage the trolls in exchanging insults and who seem to be on the opposite side are actually trolls themselves – a bad faith strategy these types of anti-social children would certainly think of to destroy this blog.

    If I owned TECB, I would ban trolls and delete all comments that are insults for the sake of insulting, and comments that have no rhyme or reason with anything financial, economic, or political. I know some of my comments would qualify so no more from myself. For the sake of the continuing success of TECB, I suggest no more replies to people who are obviously acting in bad faith.

    • Jazz

      Rorschach = Alwaystomorrow

  • rentslave

    The former political prisoner,North Bergen NJ’s Hal Turner,just predicted on his radio show on superstation 95 that he expects all hell to break loose and a World War to occur in the next 90 days.

  • Ben

    Stop the fear mongering. There is no coming economic depression. The markets destroyed your apocalyptic predictions in 2015. They will repeat that in 2016.

  • Kerra

    Money money money money, don’t worry somewhere they’ll find a war to drive the economy. Fake it till you make it.

  • Bill G Wilminton NC

    There you go again…………but we are all sinners

    Shalom

    • THE WHITE MAN IS PURE

      FOH

  • http://socialrebirth.org ChallengedSpecies

    Maybe after this collapse we, as a species, will be inclined to walk away from money and learn to share.
    One can hope.

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