Markets in a tailspin

[Blackjack200]

Hate to distract everyone from the really serious issues like where an email server was located three years ago, but just wanted to point out that financial markets are in perhaps the worst tailspin since the financial meltdown of '08/'09.

Seems like China sparked it with their devaluation and the growing acceptance that their GDP numbers are likely garbage, energy prices were already depressed and China worries have sent them to their lowest levels in about six years.

Kind of hard to imagine the Fed raising rates in this environment, but we'll see.

 

[maddogchen]

the last financial meltdown didn't stop Presidential candidates from debating about how to fund health care for everyone.

why would this one be any different? back to the email server!

And don't worry, Trump will save the market! He's bounced back from bankruptcies before

 

[JSt0rm]

In my simplistic view I think we have had a retarded run up in the markets lately (to my benefit) and aside from the china thing we have the fed talking a little bit about raising interest rates and this is helping to cause the correction.

I am not one to give or take financial advice and only "play" by funding target retirement accounts.

 

[chucky2]

Sort of hard to believe locally, there are tons of semis out and my bud who is a train scheduler (like air traffic control for trains) at least when I talked to him a short while ago said they were busy as F.

Is there anything concrete like rail shipments or gasoline consumption that indicates some new slowdown in the US or abroad?

 

[nickbits]

We have been due for a sell off for a long time

 

[JSt0rm]

i have a firend who works on wallstreet and he said something funny last time he was out to visit me.

"Anyone who invested in the stock market over the last 5 years is a genius"

lol. And its true, everything has gone up always with some minor corrections and flukes. Its time for some bumpy shit.

 

[First]

Great time to invest actually. P/E's are not at all out of whack, especially in a low interest rate environment like this.

 

[Zor Prime]

i have a firend who works on wallstreet and he said something funny last time he was out to visit me.

"Anyone who invested in the stock market over the last 5 years is a genius"

lol. And its true, everything has gone up always with some minor corrections and flukes. Its time for some bumpy shit.

Anyone who bought on the way down around 09 would look like a genius to date, too.

I'm cool with selloffs, dips, whatever. If I was looking to cash out though, which I'm not, I'd be a hell of a lot more nervous. But for now, let it burn so I can profit at a later date.

 

[JSt0rm]

if you were looking to cash out (retire) then you should be 90% bonds anyhow.

 

[DucatiMonster696]

i have a firend who works on wallstreet and he said something funny last time he was out to visit me.

"Anyone who invested in the stock market over the last 5 years is a genius"

lol. And its true, everything has gone up always with some minor corrections and flukes. Its time for some bumpy shit.

When everyone is made to look like a genius by the Fed you can bet that there will indeed be a big bumpy ride back down when reality sets in and the Fed has no more ammunition left to spur growth in the era of ZERO interest rates.

 

[DucatiMonster696]

if you were looking to cash out (retire) then you should be 90% bonds anyhow.

Um....except the bond market is heavily inflated and has been for the past few years now.

 

[Blackjack200]

Um....except the bond market is heavily inflated and has been for the past few years now.

And when eveyone gets out of equities, where are they going to put their money?

 

[NoStateofMind]

http://forums.anandtech.com/showthread.php?t=2443104

Same deal.

Doesn't seem like anyone wants to really talk about it. Things seem ok right now to the regular folk. Yet we have the FED next month deciding on raising interest rates which would offset China even more. They may not raise rates at all and could lower them. What are the economic impacts of such a thing?

 

[Blackjack200]

http://forums.anandtech.com/showthread.php?t=2443104

Same deal.

Doesn't seem like anyone wants to really talk about it. Things seem ok right now to the regular folk. Yet we have the FED next month deciding on raising interest rates which would offset China even more. They may not raise rates at all and could lower them. What are the economic impacts of such a thing?

Things are far from okay for regular folk. Things have been good for investors for the last 6 years.

The fed rate is essentially zero right now. If they want to loosen policy they will need to do something else.

 

[Jaskalas]

Booms are paid for in busts.

 

[s0me0nesmind1]

Hate to distract everyone from the really serious issues like where an email server was located three years ago, but just wanted to point out that financial markets are in perhaps the worst tailspin since the financial meltdown of '08/'09.

Seems like China sparked it with their devaluation and the growing acceptance that their GDP numbers are likely garbage, energy prices were already depressed and China worries have sent them to their lowest levels in about six years.

Kind of hard to imagine the Fed raising rates in this environment, but we'll see.

We are LONGGGGGGGGGGGG overdue for a correction. There is no reason to get panties in a bunch of what the trigger was, because regardless it was much needed with how much everything was overvalued.

 

[JSt0rm]

And when eveyone gets out of equities, where are they going to put their money?

Glenn beck gold chips.

 

[NoStateofMind]

If China keeps devaluing their currency and then switches to a gold standard (they've been hoarding for some time), what kind of effects might that have on the world economy?

They already are devaluing to stimulate their exports (and internal manufacturing) due to their range peg to the dollar. Being a manufacturing juggernaut, and therefore can provide for their own internal needs, creating a gold backed currency would immediately place them as the worlds most powerful economy overnight. Right?

Or am I mistaken? Is this not a possibility?

 

[unokitty]

Nothing lasts forever...

Uno

 

[Mai72]

the last financial meltdown didn't stop Presidential candidates from debating about how to fund health care for everyone.

why would this one be any different? back to the email server!

And don't worry, Trump will save the market! He's bounced back from bankruptcies before

Have you been to AC lately? Trump neglected his casinos. I live 40m from AC.

 

[MongGrel]

Have you been to AC lately? Trump neglected his casinos. I live 40m from AC.

 

[Newell Steamer]

Capitalism: Time For You, Your 401k And Your Tax Dollars To Bend Over And Take It,... Again.

 

[NoStateofMind]

Crony Capitalism: Time For You, Your 401k And Your Tax Dollars To Bend Over And Take It,... Again.

Fixed.

 

[Subyman]

I took a beating today, but I'm in no need of getting money out so strap in and ride it out.

 

[CPA]

Oh, no markets are down a few percentage points. Time to stop being concerned with political corruption, cover-ups and rule-breaking, and start worrying about our 401K's again.