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U.S./Global Stock Market Crash Summer 2016

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Medclinician View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Medclinician Quote  Post ReplyReply Direct Link To This Post Posted: June 24 2016 at 3:12pm
http://www.foxbusiness.com/markets/2016/06/24/brexit-roils-wall-street-stocks-extend-global-selloff.html

At the closing bell, the Dow Jones Industrial Average plunged 611 points, or 3.39% to 17399. The S&P 500 dropped 76 points, or 3.60% to 2037, while the Nasdaq Composite shed 202 points, or 4.12% to 4707.

The major averages ended just off the lows of the session, which saw the Dow drop more than 647 points – the index’s worst one-day point decline since 2011. Meanwhile, the S&P 500 saw itsworst point performance in four months, while the Nasdaq’s suffered its most severe point decline in more than 16 years. To illustrate the rush on Wall Street, the Vix, which measures expected volatility over the next 30 days, jumped 43% during the session to 24.74.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dutch Josh Quote  Post ReplyReply Direct Link To This Post Posted: June 24 2016 at 10:06pm
While Russia and China, with other countries, are making all kind of deals in western countries political instability will continue. 

The US has a leadershipcrisis. Obama is in his last months as president. Whoever may become the next US president he/she will have a job full of conflicts.

In the EU the Brexit is just another step in the crisis that has been going on since at least 2008-the bankingcrisis. When politicians claim that banks are "to big to fail" states that try to save those banks will fail. 

The coming months-also in 2017-there will be several elections. In France the right wing extremist Le Pen might become president. In Germany "Alternative for Germany" is doing well in the polls. There is no point of an EU without France and/or Germany. 

The denial by banksters and "political leaders" of the gap between the 1% they work for and the general public will continue to give "shocking outcomes" for "leaders with their eyes closed". 

Both the EU and the US are in very urgent need of reforms and have to start working for their citizens. The stock markets will have to expect more shocks-much more severe that even this Brexit (which will be the start of new negotiations-not the UK leaving the EU in my opinion. The reasons why people voted for leaving the EU are not exclusive for England but widespread in all European countries.)

Economic recovery has to come from Asia. That is were over 4 billion people live. The US and EU have become bystanders due to their foreign policy failures. 
Que sera, sera, Whatever will be, will be, The future is not ours to see, Que sera, sera !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dutch Josh Quote  Post ReplyReply Direct Link To This Post Posted: June 24 2016 at 11:31pm
Que sera, sera, Whatever will be, will be, The future is not ours to see, Que sera, sera !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Medclinician Quote  Post ReplyReply Direct Link To This Post Posted: June 27 2016 at 8:02am
The stock crash continues in the U.S. and overseas in response to the Brexit withdrawal of Britain to the European Economic Union. It is serious.

http://money.cnn.com/2016/06/27/investing/barclays-rbs-stock-suspended-brexit/index.html

Suspended is a euphemism for frozen and if appears the banks have a new strategy which was being used by China. If their shares drop enough they just take them off the market.

Barclays and Royal Bank of Scotland both tripped so-called circuit breakers after crashing more than 8% on Monday. When trading resumed, Barclays (BCS) extended its losses to more than 10% and RBS (RBS) shed 13%.

Both banks confirmed their shares were suspended, but did not comment further.

The market plunge continued on Monday. The pound sank against the dollar to trade near $1.32, roughly 12% below its pre-vote level. The benchmark FTSE index in London was down about 1.2%, while stocks in France and Germany also dropped by more than 1%.

U.S. stocks continue to drop and may have begun a correcfion which has been  long overdue.

While Japan is rebounding a very small about after it's more than 1,100 drop on Friday - the European market as well as Hong Kong are still falling. 

The overall gyst of this is that we have a global market even though there are individual markets in major countries and what hurts one, hurts us all. This should be a lesson to would be presidents who consider "tinkering" with interest rates and playing market experts. We have for years used the prime lending rates to stimulate sluggish economies and the party is over with that as we approach zero.

Moving much of the manufacturing and jobs offshore in the U.S. and literally betraying the U.S. works while at the same time bringing in massive labor across our borders is killing us. We cannot continue to feed huge trade deficits. Also the looming threat of Latin America defaults on their loans which could shut down Bank America and other major lending instituions which are hurting already.

If this is simply a nastic correction it should not go on much longer before people eager to buy lower and make some money buy massively and drive the stocks back up.

However the overall damage to U.K. which did this without the support of the people, could be serious. The pound is still dropping

The overall peformance in the U.S. now of the "big three" is now showing a loss

Hopefully by Friday we will see a rebound.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Medclinician Quote  Post ReplyReply Direct Link To This Post Posted: June 27 2016 at 8:28am
Chinese Yuan drops to a five year low.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dutch Josh Quote  Post ReplyReply Direct Link To This Post Posted: June 30 2016 at 12:28pm
https://www.rt.com/business/349008-iceland-uk-northern-union/ There are alternatives for the EU. MSM does not mention them.  The European Free Trade Association https://en.wikipedia.org/wiki/European_Free_Trade_Association.

Merkel and Hollande, Juncker are at the end of their terms. Greece, Spain, Portugal in the same currency as Finland, Germany, or the Baltic states-is not "economicly wise".

“When Britain leaves the EU, we will see a triangle that covers a large part of the globe: Greenland, Iceland, the Faroe Islands, Norway - and now the United Kingdom,” said Iceland’s President Olafur Ragnar Grimsson.
Que sera, sera, Whatever will be, will be, The future is not ours to see, Que sera, sera !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Medclinician Quote  Post ReplyReply Direct Link To This Post Posted: July 19 2016 at 9:20am
There have numerous declarations that the U.S. stock market is going to sail up past 20,000. To me, this is more of a wish than a reality.  Current Republican convention - which has become a circus is not helping it. Despite all the rhetoric, it hard to believe either candidate is going to help the markets and as the reality we have only them to choose from becomes painfully clear, it will crash.

Maybe not by summer, but as we roll into Fall, we are still have  an overvalued market which is long overdue in the U.S. as well as the world, long for a massive correction.

Nothing can thrive in the midst of the U.S. election convention craziness. And today the U.S. market is stalling out.

Oil has dropped below $45.00 a barrel for the first time in a long time. Venezuela is in economic crisis - and while U.K. may actually thrive from leaving the European Union - non-of the global markets is booming. 

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Medclinician Quote  Post ReplyReply Direct Link To This Post Posted: July 26 2016 at 8:06am
The stock market and especially oil is in trouble once more. After waiting some time as Wall Street began predicting the DOW would reach 20,000 it is dropping once more.  Decided to wait to post about this until it went below 18,500 and oil began plunging once more.

The oil industry is in trouble. With the entry of Iran into production with millions of barrels of oil after the sanctions were lifted for another Pretzel Logic move by the U.S. administration - it is heading downward.  Perhaps through whatever manipulation of numbers and the markets have struggled to survive but we are still overdue for a huge correction  of over-valued and overleveraged stocks.

We are still looking at a house of cards with the dollar not backed by gold and Latin American countries on the verge of default on massive debt to the U.S. When they do, this could take out over a 300 banks.

Oil?  Well, enjoy the lower prices in the U.S. but they are costing us and the world profits which subsidize economies which cannot afford to fail. Trump's Wall Street formulas would remove what little regulation there is to prevent massive drops and near criminal behavior which now has a least some of a safety net.

When this comes about, and we watch the conventions to see which problem will be the worst, we cannot drop the prime rate anymore to stimulate the economy. The unemployment rates are falsely reported and may be up to 300% what is currently given. By not counting those out of the work force or those who have given up looking, we have a number below 10% which could really be above 20%.

People are in trouble. Many are out of work and all it takes is a hiccup of disability, pension, or benefits to put millions of homeowners out on the streets as well as their families.

Never has there been so much flag waving and promises of a new America with no clear plan on exactly how to get us there.  Policitics is promises and we certainly have had enough of them for 8 years - none of which have been kept.

Point?  When the stockholders realize we  are on the verge of a meltdown they will panic. A current strategy in place and used in the U.K. as well as other places i.e. China which simply closes things down. They will close the market and limit withdrawls from bank tellers to amounts so low, you will not be able to pay your rent or major bills. They will protect the banks and the market.

This is much like the damage of blunt trauma to the stomach versus a clean cut or wound to arms or legs. It makes one bleed internally and suddenly the person just gets pale, falters, and dies. 

The U.S. economy may not go with a bang, like World War III. It may go with a whimper. As in our daily lives we are so suppressed and contolled and at effect as we watch as everything becomes of less value and quality - we are headed for a crash.

So - did I wake up on the wrong side of the bed - well not on the floor but might as well have been - oil?

http://money.cnn.com/2016/07/26/investing/crude-oil-prices-terrible-month/index.html

Not long ago, oil prices looked poised to fly back above the $60 mark. All of a sudden now, the next stop looks more like $40 a barrel.

Crude crumbled to three-month lows of $42.36 a barrel on Tuesday. That leaves oil down 12% in July alone, making it a big outlier in a month that's been great for other assets like stocks, bonds, emerging markets and of course, anything to do with Pokemon Go.

So why is oil in a downdraft? Oil traders, as they're known to do, got a tad too excited about the long-awaited rebalancing of the market.

The world still seems to have more oil than it needs -- and the epic supply glut has even spread into gasoline. Gasoline inventories are sitting at the highest levels ever for this time of the year, despite the fact that it's the heart of summer driving season.

"Once again, the markets got ahead of themselves," said Matt Smith, director of commodity research at ClipperData. 

comment: Do I care about Pokemon? Will that save America?  Isn't it sad that a tiger killed someone in China and it is front page news. Both parties are divided and we have no clear powerful leader and military icon to take us homeward. People are not stupid. This is going to hurt the market.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Medclinician Quote  Post ReplyReply Direct Link To This Post Posted: August 02 2016 at 12:12pm
Well time is running out on my prediction the market will crash this Summer. Yet today it is looking bad.  Neither convention, neither candidate has offset the nasty over valued market and it's eventual decline. It is much more feasible there will be a chaotic drop after the election.

Today

Well enough of the don't be surprised if the DOW hits 20,000. It is dropping towards its original bad place below 18,000.

And the price of oil is heading to the south below $40 a barrel. You can forget the hopes of it climbing to $60 anytime soon. The supply is satruated and with Iran cranking it out after getting a "Get Out of Jail Free" card as we - in who knows in what moment of logic absence - took off the sanctions.

Behind the scenes some is trying hard to make it appear things are not too bad, but it is not only lagging, it is dropping again. All the markets were dropping at sometime today.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Penham Quote  Post ReplyReply Direct Link To This Post Posted: August 02 2016 at 4:33pm
I know the price of gas has been steadily dropping again, it is down to $1.79 a gallon here in SW Oklahoma and $1.67 a gallon in OKC
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Medclinician Quote  Post ReplyReply Direct Link To This Post Posted: August 04 2016 at 3:28pm
Do need to quote the source on this - but the mainstream media is controlling the election in the U.S. and they are ignoring a massive bad situation. If Hillary is elected for president, the U.S. will go into a tailspin in the economy unprecedented since the Great Depression. We already are in a dismal situation. That is why Independent Media and Blogs are crucial to get the real news. How ironic I found this on Fox.

http://www.foxnews.com/opinion/2016/08/04/whats-more-important-trump-offending-one-father-or-meltdown-us-economy.html

Key points -Last week the Fed announced something so important, that it should be the talk of the media and the talk of every American. Yet it was ignored by the media in favor of headlines about Trump and this one Muslim father. The Fed released the latest GDP figures. They are a bloody disaster. 2nd quarter GDP was 1.2%, far below expectations of 2.6%. A simple way to describe 1.2% GDP is "jet engine stall." We're aren't moving, the economy is in quicksand. 

If only this were only about one quarter, this would be worrisome, but not a disaster. It's not. The Fed also downgraded the past two quarters. The first quarter of 2016 was actually downgraded to negative. Also keep in mind Obama's own White House economists recently predicted GDP would be around 1.9% for the entire 2016. Now add in the fact that the GDP for Obama's entire time as President was just downgraded by the Commerce Department by over $300 billion.

This is now officially a disaster.

Barack Obama is the only president in the history of America to preside over 7 straight years of GDP growth under 3 percent.

Obama’s own White House economists agree GDP will be in the 1% range for this year 2016.  That means Obama will become the only president in America’s history to never produce a single year of 3% or higher GDP. Even pathetic sad-sack Herbert Hoover enjoyed one year with 3% plus GDP. Obama is worse than Hoover. 

The longest previous streak of under 3% GDP in the history of America was four years (1930 to 1933) during the depths of the Great Depression. 

For the first time in American history, more businesses are being destroyed each day than are being created.

A record numbers of Americans are not in the workforce (over 94 million).

There are 70 percent more Americans collecting entitlement checks than working in the private sector (148 million “takers” vs. 86 million “makers”). This is a fact provided by the U.S. Census Bureau.

13 of the 23 Obamacare State Co-Op Exchanges have failed (gone bust and broke). The remaining 10 have losses of over $200 million per year. 

In this Obama economy, 40% of American workers now earn less (adjusted for inflation) than a full-time minimum wage worker in 1968.

20% of U.S. families don’t have a single member who is employed.

More Young Americans now live with their parents than at any time since Great Depression.

Forty-three percent of student loan borrowers aren’t making any loan payments.

As an entrepreneur and small businessman, I know what’s important to me. Trump offending one person is not important in my life. I wish he wouldn’t do it. But it’s just not important. The Wall Street Journal disclosing only days ago that this is the worst recovery since 1949 is very important.

Yet none of these real issues and gigantic problems merit any attention from the mainstream media. There is virtually no mainstream media coverage of the U.S. economy on verge of collapse, or the middle class being destroyed by ObamaCare, or half the country on welfare and food stamps.

Ironic - that was on Fox network - well most may not be covering it - but these guy did.

comment: So I might have to take the Summer out of the thread name - but just today Hillary is talking about raising taxes by trillions of dollars which will still not covering the programs she wants to keep.

What is sad.  She may be voted in so people can collect money by raising the national debt to levels which may sour our credit and finally cause the banks to fail. It was said to be one of the greatest flaws of democracy, that people can elect people to pay them money without any thought of who would pay it.

I watch the stocks daily and they are just hovering. They are not rebounding - they are stalled. 

Is the American public dumb enough to buy this?  The media machine is in place and is feeding information pro Democratic - and demonizing Trump.

How does one explain to social justice warriors that you cannot have twice as many people taking money as earning it?  You can't have socialized medicine without high taxes. Look at U.K. Socialized medicine is not good. People will wait longer for worse care.

It is a Ponzi scheme of overvalued stocks - no gold net for the money - and allowing uncontrolled immigration for votes which are destroying American jobs for Americans.

If we punish the corporations as the unions did the car manufactures, everything goes offshore. Instead of fixing the ballet boxes, we need to fix the economy or else the market is sure to crash.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Satori Quote  Post ReplyReply Direct Link To This Post Posted: August 04 2016 at 4:27pm
the economy has been spiraling downwards ,at least for the middle class,for some thirty years now

electing another Democrat or Republican will make NO difference

the die was cast decades ago

Fourth Turning
and it ain't gonna be pretty

the ONLY thing an individual can do is to position themselves as best as possible and hold on
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Medclinician Quote  Post ReplyReply Direct Link To This Post Posted: August 05 2016 at 11:43am
Originally posted by Satori Satori wrote:

the economy has been spiraling downwards ,at least for the middle class,for some thirty years now

electing another Democrat or Republican will make NO difference

the die was cast decades ago

Fourth Turning
and it ain't gonna be pretty

the ONLY thing an individual can do is to position themselves as best as possible and hold on


Perhaps you are right. You can't stand on the rail as two trains approaching in opposite directions on the same track with a few minutes left and say "We should do something about this."

Get off the track.

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