Fucking oil at $40 a barrel is what is beating the hell out of me personally. Makes about a 40-50% difference in my personal net worth when oil is over $100 a barrel vs $40-50 a barrel. Plus the royalty payments stop when the oil companies stop drilling at these low levels...
When confidence is lost, individual picks don't matter... every stock comes down hard. This next crash one is going to be very nasty. The economy is horrible. Derivatives total around $1.4 quadrillion dollars. The current financial system is not going to last much longer.
Do you have any opinion on US residential property? I'm European with no assets in the US but am planning to relocate to the west coast within the next 12 months. I've been toying with the idea of buying a condo with a very small mortgage just to get on the credit ladder. I don't really need it as an investment per se, but if it saves me a few points on a multi-million mortgage then it becomes worth it.
Massive distribution. A -900 point loss on the DOW in only 3 days. This is only the beginning. It's going to get ugly.
Getbiggers must be heavily invested overseas in Dubai Inda.
Christ, it's a bloodbath in China right now. If this keeps up, the DOW futures will be -500 by 0600 EST.
Markets capped out, the big money makers cashed out, let the stock sink and will buy back in cheaper and let it run up again. In the end those that lose out are the average joe investor
It's like clockwork, happens every single time. The retail investor (that was forced into the market) gets panicked and trapped and slaughtered by the Fed and Banks. Panic sell, banks pick assets up for dirt cheap and ride the wave back up. Wash.Rinse.Repeat.
By the time it hits the news cycle that the market is hot or the market is cold it's too late for the average investor to cash out or buy in. Those in the know have already made the big money.
The retail investor is there to get sheered. End of story. Once the decision is made by the banks/Fed and their HFT platforms....it's all over except for the crying. If you intend to sell everything and jump off a cliff...you play their game and lose. If you plan on selling at the top, waiting for the bottom (or whatever it is) being patient and picking up assets cheap you have a chance to win.You knew it was in for a slam when the historic highs were done on very low volume and the drops were done on high volume. Not a good sign, but a sign nonetheless.
I knew a guy that worked on Wall Street. He said there was a group of Jewish Investment Brokers who always seemed to be and always knew what the market would be before it happened. There definitely is a group that has more influence than others when it comes to this shit.
Down over 600 points today.
Anyone notice Apple's low was $92.00 and high was $108.80 and that Facebook's low was $72.00 and high was 87.14?Seems some groups set their limits right on the nose at 92 and 72 and then sold off for a quick profit. Despite it's loss a lot of people made billions today.
