Calling The Top

[PICSIX]

Originally Posted by reckless

I hope I'm not broke by November 2016 after buying the dips... and more dips... and even more dips along the way.

Sell the Rips in this market

[Valuist]

Originally Posted by reckless

I hope I'm not broke by November 2016 after buying the dips... and more dips... and even more dips along the way.

I see where you get your moniker.

[plainolebill]

Take shelter?

Albert Edwards of SocGen with annotation by Zero Hedge

Zero Hedge

Excerpt of Zero Hedge commentary

"Needless to say, a rout of that magnitude would wipe out virtually everyone from Wall Street to Main Street and the malaise would invariably be exacerbated by bouts of flash crashing madness in broken yet increasing correlated markets where "all weather", risk parity strategies are no longer reliable umbrellas when the storm hits.

With rock bottom rates and a still bloated balance sheet, the Fed would be working with exactly zero counter-cyclical slack, which means there would be no way for Yellen to avoid an all-out unwind of the much ballyhooed wealth effect that's served to restore the 401ks for any Americans still foolish enough to retain a seat at a casino run by crazed PhD economists, vacuum tubes, and modern day robber barons."

[lamboguy]

Originally Posted by plainolebill

Take shelter?

Albert Edwards of SocGen with annotation by Zero Hedge

Zero Hedge

Excerpt of Zero Hedge commentary

"Needless to say, a rout of that magnitude would wipe out virtually everyone from Wall Street to Main Street and the malaise would invariably be exacerbated by bouts of flash crashing madness in broken yet increasing correlated markets where "all weather", risk parity strategies are no longer reliable umbrellas when the storm hits.

With rock bottom rates and a still bloated balance sheet, the Fed would be working with exactly zero counter-cyclical slack, which means there would be no way for Yellen to avoid an all-out unwind of the much ballyhooed wealth effect that's served to restore the 401ks for any Americans still foolish enough to retain a seat at a casino run by crazed PhD economists, vacuum tubes, and modern day robber barons."

from my macro perspective based mainly on world population the world markets are very fairly priced even with all the central banks interventions during the past decade. that being said, i realize that the markets always know more and do a better job of predicting the future than myself. that being said, if the guy writing this article from zero hedge happens to be right about the declines in the equity markets throughout the world, there will be plenty of problems in the future a lot worse than just markets falling apart. to get to the low points would mean a fast decline in world population. i hope this guy turns out to be wrong,

[sammy the sage]

it's more outta balance than 1929....let us eat cake...

[PICSIX]

Oil below $30 this morning!!

[sammy the sage]

brilliant head fake this morning...futures up decent...then KABOOM...

[reckless]

Originally Posted by sammy the sage

brilliant head fake this morning...futures up decent...then KABOOM...

Sammy, I had Fox Business on this morning between 6-8 am or so. Then I left the house to go workout.

When I watched throughout the morning, the Dow and S & P futures were down big. Did the futures make a reversal, then KABOOM after the opening?

It's no big deal, just curious.

[_______]

I was up around 5 am on the west coast and futures were already down big. It must have been much earlier.

[raybo]

Originally Posted by PICSIX

Oil below $30 this morning!!

Yeah, unfortunately it costs American oil producers $36 per barrel to frack it. While I'm all for lower gasoline prices, as this continues to drag out there are going to be some serious repercussions as a result. I see frequent changes in gas prices, in my neck of the woods, of up to $0.15 per gallon, all in a single day. That tells me that some gasoline suppliers are feeling the pressure of the low prices and are forced to make huge upward adjustments to their prices just to keep their heads above water regarding total revenue. Its only going to get worse, as the Saudi's are saying they are in it for the long haul, that being flooding the market with cheap oil in the attempt to run competitors out of business. It only costs them $6 per barrel to pump it out of the desert. So they can afford to stay the course. Also, other oil producing nations are increasing their oil production in order to protect their total revenues, because the prices are so low. That means even more oil on the market and lower prices in the future, and even lower prices.

In the long run, the Saudi's will get their wish, other nations' oil producers will not be able to afford to pump their oil, and that plays into the hands of the Saudi's, which will once again rule oil production and will be able to hold everyone else hostage as a result. Widespread political turmoil and instability, and more armed conflicts look inevitable, IMO.