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Old 09-01-2015, 10:44 AM   #81
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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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Old 09-01-2015, 10:49 AM   #82
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Yes - it's best ignored. They have no clue.
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Old 09-01-2015, 03:13 PM   #83
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We found the culprit!

Thought this was a joke first (or the onion), sadly this really happened:

Chinese reporter makes on-air 'confession' after market chaos | World news | The Guardian
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Old 09-01-2015, 03:22 PM   #84
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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.
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Old 09-01-2015, 03:25 PM   #85
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Yep - it's a different universe. I wish their stock market had much less impact on ours.
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Old 09-01-2015, 03:25 PM   #86
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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.
That's terrible. I know I should be ashamed, but I can't help wishing they had jurisdiction over Paul B. Farrell...
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Old 09-01-2015, 03:33 PM   #87
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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.
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Old 09-01-2015, 04:16 PM   #88
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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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Old 09-01-2015, 07:42 PM   #89
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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
+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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Old 09-02-2015, 01:56 PM   #90
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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
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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Old 09-02-2015, 02:54 PM   #91
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Has Gross been right much the last few years?

He should be thinking of FIREing.
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Old 09-04-2015, 08:51 AM   #92
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He should be thinking of FIREing.
Well, he was FIRE'd

Bill Gross says he was fired by Pimco - Fortune
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Old 09-04-2015, 11:18 AM   #93
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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.
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Old 09-04-2015, 01:22 PM   #94
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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.
And they seemed like such nice girls...



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Old 09-04-2015, 05:15 PM   #95
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Hang On Help Is On Its Way
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Great song!
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Old 09-04-2015, 08:05 PM   #96
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Hanging out

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Old 09-04-2015, 09:07 PM   #97
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Yep - it's a different universe. I wish their stock market had much less impact on ours.

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.


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Old 09-06-2015, 02:51 PM   #98
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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.


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Old 09-06-2015, 10:26 PM   #99
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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 balloon pops it suddenly does.
Yes. Ridiculous!

But typical. Irrational crap happens like that all the time.
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