August 24, 2015 1:34 PM
Growth fears spook investors around the world
The Dow Jones Industrial Average plummeted more than 1,000 points at the open Monday, a dramatic dive on a day when intensifying growth fears sparked steep stock-market losses world-wide.
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August 24, 2015 1:54 PM
Don't get your judgement affected by speculative minds of Chinese individuals who act as the most inexperienced traders and speculators in the world. Shanghai is on the way to make a U-Turn to where it was a year ago.
August 24, 2015 1:53 PM
There's always bargain hunting after a big crash from those wagering that it's only a one day correction. If you've got the cash to risk, then why not?
August 24, 2015 1:52 PM
Hussein Obama's Marxist-Economic Pigeons have come home to roost!
Just wondering, did anyone call their Robo Adviser? Did your Robo Adviser call you?
August 24, 2015 1:50 PM
The "Greenspan Put" is kaput.
I think the real answer is not predictable in advance, but it can be seen in real time by watching the "ticker tape" (market averages).
If the US stock market collapses the liquidity would run to US Treasuries. This would allow the Feds to deleverage it's balance sheet. NIRP here we come......
The Obama economy.
Yes. Emphatically. Obama is delighted that capitalists were making money on his watch. Just as long as they were his kind of "capitalists" and he owned them. Elon Musk comes to mind.
Heard Mr. Freeman has quite the guitar collection.
August 24, 2015 1:49 PM
Gag me. The Fed had exactly ZERO to do with China beggaring the US and spending like fools on internal programs. They just copied Japan. You can thank Nixon for that deal.
It is no where near over...
August 24, 2015 1:48 PM
President Obama will calm the markets tomorrow, expect huge rally to weeks end.
Stocks plunge on Joe Biden's announcement that he is entering the Presidential race!
The Prez has been autopilot for some time.
RESET is badly needed to rectify the INSANE policies of CBers!Mkt WEALTH is built on Debt on Debt with leverage!DeleveragingDeflation will proceed slowly irrespective of their actions.
If the VIX broke 30 today hows is this statement true.."Many investors remain optimistic about the trajectory of U.S. stocks."Not being snarky just don't get where they are getting that from.
The PhD math folks who filled the world with gargantuan levels of arcane debt constructs with the help of this new gizmo called a computer are about to join the welfare system.
The market that is outperforming is North Korea. BUY North Korea!
August 24, 2015 1:47 PM
"This was Bush 43's fault."Democrat National Congressional Campaign Committee news release draft.
August 24, 2015 1:46 PM
Don't make me think of Faye Dunaway...I just had lunch. I'd like to keep it down.
This is how China plays the game of war.......
Obama isn't worried. He'll just throw more of that American stimulus money at our falling markets, a la China. Free markets are no longer free, just as freedom itself is slipping away ...
August 24, 2015 1:45 PM
I have two of those certificates (dated 1931 & 1932) framed and hanging on my Home Office wall. They were owned by my grandmother. They are for the "Corporate Securities Co. of Chicago" and the "Mississippi Valley Utilities Company". The guy behind theme was named Samuel Insull ().
WELCOME TO OBAMA'S MARKET!The economic rot and decay is finally floating to the surface.
Who needs taxes when you have a printing press? Besides, nobody likes taxes, they cost money, and are boring, tedious to boot. Let the poor folks pay them.
Bring back QE! How else can we keep the DOW inflated?
Search for "government confiscates 401k plans"You will get roughly 65,500 hits. One phrase is chilling -- “to mobilize more personal pension savings for long-term financing...”"Mobilize" is less threatening that "confiscate."
August 24, 2015 1:44 PM
August 24, 2015 1:43 PM
We are steady as she goes Scott though volatility could remain high for a while which we don't mind since we came into the market at levels a fraction of where the market is tonight even after the most recent declines.
Thank god we have the smartest man alive as president.
What about the Chinese beggaring the US while building ghost cities and bullet trains to connect them was lost on you?
If you like irony, you have to love this. The leaders of the Chinese CP, desperate for stability so as to hang on to power, and of course, known for their economic perspicacity, devalue their currency a smidge to help export manufacturing and juice their economy, and bring down the whole house of cards.
Nothing to worry about folks.......just move along. Everything will be fine. Janet has things under control. Hilsenrath will have an article soon talking about no interest rate increases due to increased volatility and global uncertainty.
August 24, 2015 1:42 PM
But for Fed's interference in 2009, Obama lucked out! He is a closet crony capitalist! Otherwise it should have been his 'recession'
Gains since 2009 - all fictitious - will be erased.
Its the short Squeeeeeeeeze!!!!!!. Looks like, market may end up on a high note.
The storm is till now in the doors of the financial world. It is worse than a summer hurricane. We have to monitor Dow Jones in two or three days.
Wait just a dern minute! Wasn't the FED CREATED to prevent these wild gyrations??? Has the FED FAILED? So I suppose tomorrow the FED will put the out-riggers on and steady this sinking boat? And if it does not, or worse, cannot, then what argument is left to keep the FED afloat?
August 24, 2015 1:41 PM
my god, circuit breakers. it seems the chinese market is not the only one with liquidity problems.
Wait a dern minute! I thought the stock market was rational, having thrown off the chains of government oversight and control, no? Has the free market failed? Is the free market incapable of righting itself and keeping the boat everyone has been investing in from sinking? And if it can't what argument is left for "less government and less regulation" by the Free Marketeers?
You don't have to visit Greece. Greece can visit you. How do you like your new guest?Hey, don't complain, you've been inviting Greece here for years, by allowing the vast printing of money, QE, and continuous accumulation of Trillions in deadbeat government debt. Now your Grecian guest is here. Our Treasury department paid for his ticket, and the Fed drove the cab that dropped him off at your house or place of business. And now he his going to empty your refrigerator, trash your house, and loot your business. How's it really feel to be the mark?Enjoy! And greetings from Galt's Gulch.
Actually, they MAY have. Since at least in theory the value of a compnay is directly related to the discounted future cash flows (profits), a modest change in future growth projections can have a significant change in present value. Changing from a 6% to 5% growth in FCF over 15-20 years of discounting can certainly lead to a 10%+ change in present value I would guess, but I'd have to do the calculation but these nonlinearities have a way of sneaking up on you.
If Obama was smart he would approve Keystone and raise gasoline taxes here at bottom of cycle to get infrastructure activity moving. But he's not.
And now for a little comic relief, those zany buffoons of the left, Red Jay and Terry the Hater, to sow misinformation and honk their funny horn real loud as the careen around in their Obammysoxer clown car
August 24, 2015 1:40 PM
You forgot Whiskey!
"It's those who hold on who need to pray for a recovery...not those who sold."
I don't know any Republicans who claim that. I do know that Clinton had to make do with a Republican Congress for half or more of his tenure.
Wake me up when the DOW and S&P500 bust through their '09 lows. Until then it will be a circus of folly and futility as market manipulators try to keep the bubble alive.
It's a selloff as a result concerns over global growth. Once the growth speeds down, the investors short equities and long bonds. It is a consensus. And I think US equity consists most of their equity positions. Don't be patriotic when it comes to investment. Never.
This is all the result of the $1 Tril deficits of Obama for 6 years. The Sequester didn't stop it, but it slowed it. But Obama isn't interested in economic growth (unless it is politically correct like sun panels).You can't increase economic growth by more welfare. You actually have to do something useful.
I still cannot rule out this being SOP by Goldman and the Wall Street Casino Flash Boys. Read Michael Lewis' book - 'Flash Boys'...
It is differentTHIS time!
August 24, 2015 1:39 PM
This pullback shouldn't have surprised any semi-savvy investor, I re-balanced my portfolio away from stocks several months ago.
The IMF was right.
Only for Donald Trump, and he's not really GOP is he?
It all depends upon the real fundamentals underneath this so called 'recovering' Economy by Fed!
August 24, 2015 1:38 PM
What you're missing is price volatility...bonds seldom correct by 20% in a day or two...but stocks DO. Gov bonds will fluctuate but "never" default...while the floor for stocks is 0% of purchase price...a COMPLETE loss. Few people will want to lose half their principal in stocks to get a higher div yield. I think THAT is what you're missing.
The salient point is, bill, that they're on the way back up for absolutely no fundamental reason but the HFT Flash Boys. You need to re read Michael Lewis, bill.
Yea, vote GOP so they make jobs by building prison camps for Mexican immigrants, because Mexico refuses to allow them to be shoved across the border at gun point. Then some GOP gets the bright idea to make the "camps" self supporting by selling the labor inside to large US corporations...at a discount of course.
August 24, 2015 1:37 PM
At what point do regular investors begin to panic? 15,000 ? 14,000 ?
That memory has made me a couple of bucks over the past 18 years.
WRONG. Jimi Hendrix faked his death and became Morgan FAIRCHILD (he had help in several areas from Michael Jackson's doctor). At first he was going to go with "Caitlyn" Fairchild, but thought better of it after careful consideration.
It will be a new multi-national currency, similar to the way the euro became the currency of many nations of Europe as they lost their sovereignty to the multi-national corporations which are the real rulers of the Western world. This same Oligarchy has orchestrated the collapse of the dollar so as to replace it with a muti-national currency, leading ultimately to folding the former USA into a world government, controlled completely by the Oligarchy of multi-national corporations. That same Oligarchy is the real reason for continued illegal immigration ... they desire it for cheap labor.
" You can get twice as many hits if you search for 'Russian women looking for American men'. So what's your point?"
This Mkt is FARCE built by 'debt on Debt' (printing money out of thin air) by Fed and fellow CBers! Every one look smart when they can BET blindly behind Fed's puts for the last 6 years!That FARCE is coming to an end!--
Jay: Wrong. I have deep knowledge of financial and economic history. Get your facts right.
August 24, 2015 1:36 PM
Great prophecy...if the market hasn't gone down a lot by the end of the day, then it's clear that it has gone down a little.
all the king's horses and all the king's men...
you'll need to adjust for anger driven change. When Walmart and other major companies banned the Confederate Flag they angered a sizable percent of the 70 million descendants of the Confederacy. Billions of dollars shifted within the US retail sector as pro-Confederates vowed never to set foot in Walmart ever again. Walmart and others made it clear they didn't want the business of pro-Confederates. So the Confederates took all their business elsewhere, thus creating an unexpected economic trigger. A not so silent, seismic, economic quake.
August 24, 2015 1:35 PM
Gold, Guns, Groceries...Got 'em?
This market crash will extend through September and will be called the "The China Syndrome"
It's a little late in the game to be fearful.
I have been to China and not only that but...with only about 100 million Chinese belonging to the Communist Party out of about 1.4 Billion total population......China will not come clean with honesty as the 100 million want to maintain their status in running the country. Just got back from Germany, Austria and Hungary. Was surprised at the numer of Chinese that are visiting these countries. Briefly spoke to two of them...they could speak english...of course....and they were thoroughly enjoying Bavaria...and they live on the east coast where all the 'good paying jobs' are.....but was amazed at the number vacationing in these countries.....and there were not many Americans...nothing like I have seen in the past 15 years.
"The Chinese are flooding the market with liquidity ." Why don't they just say the Chinese are furiously printing Money ?
"Then there's this methane production control scheme, also from an EPA...." Methane capture bags on the rear ends of cows?
I agree. Not sure why she thinks annual GDP growth of 2.5% or less is "solid". Must be a millennial and hasn't seen economic growth. In addition, I'm looking at, for example, UTX which will sell a lot fewer AC units, elevators and airplane engines to China, This has to hurt their earnings and ability to support capital investment, etc.
And, once again, FessWorld checks in after drinking.
Where I come from, it's the EPA that is the biggest growth killer, clobbering the coalfields and industries that support mining. Already, US TVA is raising its rates 1.5% this Fall. Then there's this methane production control scheme, also from an EPA which could not figure out how to clean up an abandoned mine. Geesh!
More like Soros and Buffett.
Okay, so our financial markets have fallen over 10% in just the last couple of days, but not to worry as our political and financial leaders have immediately stepped to the fore to put into motion creative and effective measures to stem the tide and bring us back to financial stability. Let's see, first there was, hmmm, who was it on Friday? Well today, right from the outset there was, uh, there was.......uh oh......
August 24, 2015 1:34 PM
Yea, the Fed had the Arch-Duke shot.
so markets down, interest rates at 0, commodities down, so the US with a $19T debt is "safe"??So where to put your money - in the mattress?The "market" needs some confidence that economic fundamentals can drive the economy and share prices, not tinkering by some bureaucrats who are doing it for their own personal financial motives and their cronies.