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09-01-2015, 09:44 AM
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#81
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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It's highly puzzling. Stock markets moves, news happens.
And then, headline:
Investors today are selling/buying/holding because of <news event>. Even if said <news event> "caused" the inverse stock movements the day before.
Sometimes the whole talking heads and daily paper routine seems like a worldwide inside joke.
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09-01-2015, 09:49 AM
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#82
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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Yes - it's best ignored. They have no clue.
__________________
Retired since summer 1999.
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09-01-2015, 02:22 PM
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#84
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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From the link:
A leaked government propaganda directive from July said: “Do not conduct in-depth analysis, and do not speculate on or assess the direction of the market. Do not exaggerate panic or sadness. Do not use emotionally charged words such as slump, spike or collapse.” Note the above words that I made bold. Nothing has changed in Red China. Badmouthing the gummint is reactionary, a crime against the state and people punishable by death.
If our CNBC reporters were in China, they would have been paraded then executed publicly. The Red Guards killed several millions during the Cultural Revolution for doing much less.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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09-01-2015, 02:25 PM
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#85
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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Yep - it's a different universe. I wish their stock market had much less impact on ours.
__________________
Retired since summer 1999.
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09-01-2015, 02:25 PM
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#86
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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 Quote:
Originally Posted by NW-Bound
From the link:
A leaked government propaganda directive from July said: Do not conduct in-depth analysis, and do not speculate on or assess the direction of the market. Do not exaggerate panic or sadness. Do not use emotionally charged words such as slump, spike or collapse. Note the above words that I made bold. Nothing has changed in Red China. Badmouthing the gummint is reactionary, a crime against the state and people punishable by death.
If our CNBC reporters were in China, they would have been paraded then executed publicly. The Red Guards killed several millions during the Cultural Revolution for doing much less. |
That's terrible. I know I should be ashamed, but I can't help wishing they had jurisdiction over Paul B. Farrell...
__________________
Numbers is hard
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09-01-2015, 02:33 PM
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#87
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I don't know about Paul Farrell. I stopped watching financial TV long ago, and when I did, it was only the cute female reporters that I watched. I would not want anything bad happen to these lovely creatures, no matter what they say.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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09-01-2015, 03:16 PM
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#88
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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I do not think that our problems directly relate to Chinese slow down. Our trade deficit with China is enormous and most economists understand that printing more dollars to cover it is not going to work any longer. Our QEs already caused many Asian countries to switch their trade in their own currencies bypassing the dollar. I think it is result of the Feds policies since 2008. Many economists point out that Stocks were propped up by injection of huge funds from QEs to the economy. If so, then we will see farther decline in the Market or if Feds resume QEs, dollar surely is going to lose a lot of it's value.
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09-01-2015, 06:42 PM
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#89
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: northern Michigan
Posts: 2,215
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Quote:
Originally Posted by VFK57
I do not think that our problems directly relate to Chinese slow down. Our trade deficit with China is enormous and most economists understand that printing more dollars to cover it is not going to work any longer. Our QEs already caused many Asian countries to switch their trade in their own currencies bypassing the dollar. I think it is result of the Feds policies since 2008. Many economists point out that Stocks were propped up by injection of huge funds from QEs to the economy. If so, then we will see farther decline in the Market
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+1, I agree completely. The Fed started it, and now Central Banks around the world are manipulating markets with this QE/zero-interest rate stuff, which only delays the day of reckoning. It's been 7 years of this stuff, and it simply is not going to prop up the markets for much longer, considering the overall weakness in the global economy. There was a comment article in today's NY Times, "A Call for a Free Market", that sums up all this pretty well:
http://www.nytimes.com/2015/09/02/bu...=55308175&_r=0
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09-02-2015, 12:56 PM
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#90
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 233
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Quote:
Originally Posted by RAE
+1, I agree completely. The Fed started it, and now Central Banks around the world are manipulating markets with this QE/zero-interest rate stuff, which only delays the day of reckoning. It's been 7 years of this stuff, and it simply is not going to prop up the markets for much longer, considering the overall weakness in the global economy. There was a comment article in today's NY Times, "A Call for a Free Market", that sums up all this pretty well:
http://www.nytimes.com/2015/09/02/bu...=55308175&_r=0 |
Bill Gross shares a similar opinion in his Sept. IO
It's not all about China.
https://www.janus.com/bill-gross-investment-outlook
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09-02-2015, 01:54 PM
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#91
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 7,436
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Has Gross been right much the last few years?
He should be thinking of FIREing.
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09-04-2015, 07:51 AM
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#92
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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Quote:
Originally Posted by explanade
He should be thinking of FIREing.
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Well, he was FIRE'd 
Bill Gross says he was fired by Pimco - Fortune
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09-04-2015, 10:18 AM
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#93
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,892
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Well according to Pat Robertson it was caused by the Supremes sanctioning gay marriage. So there you go, take your pick and personally I think it was in the stars.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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09-04-2015, 12:22 PM
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#94
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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__________________
Have Funds, Will Retire
...not doing anything of true substance...
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09-04-2015, 04:15 PM
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#95
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Dryer sheet aficionado
Join Date: Apr 2014
Posts: 30
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Hang On Help Is On Its Way
Song by Little River Band
Great song!
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09-04-2015, 07:05 PM
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#96
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Full time employment: Posting here.
Join Date: Aug 2013
Location: https://www.google.com
Posts: 750
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09-04-2015, 08:07 PM
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#97
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,343
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Quote:
Originally Posted by audreyh1
Yep - it's a different universe. I wish their stock market had much less impact on ours.
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Isn't it ironic when it their market was going up 100% earlier in the year it had little impact on us, but when their ballon pops it suddenly does.
Sent from my iPad using Tapatalk
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09-06-2015, 01:51 PM
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#98
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Location: Madison
Posts: 1,337
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Hang on!!!!!
I agree. Theirs goes up and and ours does nothing much. Then theirs pops and for some reason ours does too. I can't understand it.
Sent from my iPad using Early Retirement Forum
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
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09-06-2015, 09:26 PM
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#99
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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Quote:
Originally Posted by Mulligan
Isn't it ironic when it their market was going up 100% earlier in the year it had little impact on us, but when their balloon pops it suddenly does.
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Yes. Ridiculous!
But typical. Irrational crap happens like that all the time.
__________________
Retired since summer 1999.
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