You are right- with yesterday's rise and today's drop it is only down 200 points (1.1%).
That won't be what's advertised on the net, though... it'll be peak to trough worse case numbers used to argue the end of the world. By Zerohedge, undoubtedly.Originally Posted by angelatc
It never is. Same thing with the housing crash. Unless you're selling, the market value of your home is not really relevant on a daily basis. But nobody watches the news to hear someone say, "Just hang out - it'll work itself out."
Me too . best day since May .
All of it Chump Change compared to what is coming now...
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
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I don't think that it has much to do with the news... or rather, I think that the news is the symptom rather than the cause... they're reporting what their audience wants to hear.
I think that Americans, generally, value people in terms of their dollar worth, and as such they're highly concerned with how much money they, personally, are worth at any given moment. A rise or fall in the dollar price of their investments or home or whatever has an immediate impact on their opinion of themselves, despite the fact that the actual value of those things has not changed - and despite the fact that the value or price of those things has absolutely no bearing whatsoever on their worth as a person.
I'd consider a btfd for a decent tuesday bounce but not for monday. Gonna be a lot of sell orders lined up over the weekend.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Tesla has had some big fans on this forum
Must be shorting than.
Not me.Tesla has had some big fans on this forum
To be fair , Tesla is only down to 191 from about 287 , which is pretty good for junk like that.
http://www.investopedia.com/terms/t/tripletop.asp
"The bounce off the resistance near the third peak
is a clear indication
that buying interest is becoming exhausted."
sub 14000 is destiny
Last edited by presence; 06-27-2016 at 04:46 PM.
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...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
ohhhhohohohhhh CHart porn
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Who wants to bet that the insiders and banks are dumping equity holdings while the ESF/PPT is running overdrive printing the loot to buy them up? Doesn't look like a coincidence that banks are announcing big stock buybacks of their own stock right after this highly improbable rally. After the insiders are out and the banks have completed their own buybacks, the ESF (taxpayers) will be on the hook holding a crap ton of (weak) stocks. That's when they let the bottom fall out. The printers are running hardcore quietly in the background to prop the markets up, hence why metals and commodities are going up. I can't remember the last time I saw every asset class going up fast at the same time.
Last edited by devil21; 06-29-2016 at 03:26 PM.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Brexit drop over? http://www.cnbc.com/2016/06/29/us-markets.html
That was yesterday. Up another 200 points with a hour to go today. Almost all the way up to where it was just before the vote took place.Dow closes up more than 250 points, recovers more than half of Brexit losses
U.S. stocks closed more than 1.5 percent higher Wednesday, helped by gains in oil prices, as global markets recovered for a second day from their post-Brexit plunge.
"What I think people are grasping here is, this is a disaster for the U.K., but it's a big splash with small ripples," said David Kelly, chief global strategist at JPMorgan Funds.
The Dow Jones industrial average closed up nearly 285 points in its best percentage gain since March 1, with Boeing and Goldman Sachs contributing the most to gains as all constituents except Home Depot rose.
Main reason: Brexit = No Rate Hikes (Maybe we'll even get rate cuts and QE).
No reason to cut rates or start any QE.
Been no reason to raise rates .
Good Time to buy pm?
Thee (God) alone will we serve and from Thee alone will we seek help
Ten days ago was.
Or could just lie to the commoners and do it on the down-low and hope no one pays attention to the market signals that tell you it's happening regardless of what Mother Yellen claims in her latest fireside chat with the compliant media.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Evidence of that?
Cuz lying bankers.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Too late?
Thee (God) alone will we serve and from Thee alone will we seek help
No , especially not for silver.
Do you invest with europac by any chance?
Thee (God) alone will we serve and from Thee alone will we seek help
Nah , I recently retired and am totally out of the paper markets , everything I hold is physical.
Cool.
How high do you think gold and silver can go? Conservatively?
A month ago I was expecting , this summer , to see 1390 gold and silver near 20 . I would expect , now to see silver go higher. I am only guessing. Currently Gold is nearly 1340 , silver , nearly 19 1/3 .
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