US stock futures waaaaaay down DOOM ON | |
Anonymous Coward User ID: 17114980 Canada 12/20/2012 10:46 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 29215748 United States 12/20/2012 10:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 9014106 Australia 12/20/2012 10:59 PM Report Abusive Post Report Copyright Violation | It's not even close to going under 13,000! Doom off. Quoting: Anonymous Coward 9014106 Still hopeful for some time soon though.. uhhh it went under 13,000 about 45 minutes ago and since recovered slightly. still down over 200 pts and for futures that's crazy It did? The link I have says it's 13,128 now. [link to www.sgxniftydowfutureslive.com] Any other links? |
Anonymous Coward User ID: 22786488 United States 12/20/2012 11:02 PM Report Abusive Post Report Copyright Violation | |
Children of the Atom User ID: 20257839 United States 12/20/2012 11:07 PM Report Abusive Post Report Copyright Violation | FYI, future are simply trading during international hours for all intensive purposes. If the nyse opens based on the futures 5% below, it's really not a big deal. We have done this, countless times before. If you see a 1,000+ point drop, come in behing the canary in the coal mine... even 750/500 is pretty bad, but has happened. But 200 points...? |
Anonymous Coward User ID: 30485951 United States 12/20/2012 11:11 PM Report Abusive Post Report Copyright Violation | |
TheTortureKing It’ll End in Tears User ID: 17622444 United States 12/20/2012 11:11 PM Report Abusive Post Report Copyright Violation | FYI, future are simply trading during international hours for all intensive purposes. If the nyse opens based on the futures 5% below, it's really not a big deal. We have done this, countless times before. If you see a 1,000+ point drop, come in behing the canary in the coal mine... even 750/500 is pretty bad, but has happened. But 200 points...? Okeedoke. We'll see what happens in just a few hours. Hope you're right. TK |
Anonymous Coward User ID: 24080572 United States 12/20/2012 11:12 PM Report Abusive Post Report Copyright Violation | S&P -26.60 / -1.85% Quoting: Anonymous Coward 29271249 Data as of 8:21pm ET Nasdaq -43.50 / -1.62% Data as of 8:21pm ET Dow -271.00 / -2.04% Data as of 8:20pm ET [link to money.cnn.com] I was depressed two months ago with my 401K. I looked at it yesterday, and it was up $25,000! |
Anonymous Coward User ID: 30244341 United States 12/20/2012 11:13 PM Report Abusive Post Report Copyright Violation | |
Dapurps User ID: 10064730 Canada 12/20/2012 11:13 PM Report Abusive Post Report Copyright Violation | It's the 3rd Friday, people. The derivative market always tanks on/right before the 3rd Friday as people sell off their expired options. Try not to freak about it. Same kind of thing has happened almost every 3rd Friday for years. Quoting: Anonymous Coward 13825301 Ya im gonna go with this. Nothing out of the norm. "What you perceive to be becomes your reality." :ftwpanda: dapurps |
Saddletramp User ID: 736969 Puerto Rico 12/20/2012 11:14 PM Report Abusive Post Report Copyright Violation | So what do you make of it saddle? Saddletramp is one of the only posters here I'd listen to. If anybody wants to have a reputation like that, you have to earn it with good, well-grounded posts, not the constant 'chicken little' doom posts I never thought they would make a deal. Obama has not budged an inch and knew all along the complicit media would blame it all on the Republicans, for their part the Republicans gave up almost everything, and still didn't get a deal, but even if they had, with as much as they gave up it would have buried them for a long time. Fincancially, we're better off with the fiscal cliff than the deal Obama was putting out there... No matter what it was going to be a train wreck... People will try to pull as much profit into this year as possible, the gold bugs have been expecting this for the last few days, so let the sell off begin... Last Edited by Saddletramp on 12/20/2012 11:15 PM "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Amen! User ID: 28645748 United States 12/20/2012 11:14 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 30485951 United States 12/20/2012 11:15 PM Report Abusive Post Report Copyright Violation | |
Children of the Atom User ID: 20257839 United States 12/20/2012 11:18 PM Report Abusive Post Report Copyright Violation | FYI, future are simply trading during international hours for all intensive purposes. If the nyse opens based on the futures 5% below, it's really not a big deal. We have done this, countless times before. If you see a 1,000+ point drop, come in behing the canary in the coal mine... even 750/500 is pretty bad, but has happened. But 200 points...? Okeedoke. We'll see what happens in just a few hours. Hope you're right. Don't misunderstand me because I don't know everything and I am using history as a reference point. Again things have changed dramatically. Regardless, this is not pretty to look at but as someone has noted very cyclical in the nature of the market. Although, typically high volatility is rather common because of the lack of market volume on the exchanges. It doesn't take much to push a stock either way because the demand on all sides is very very light. Secondly if the rumor of the Fed charter expiring tomorrow is correct - then this is an interesting event indeed. |
Anonymous Coward User ID: 16477649 Canada 12/20/2012 11:23 PM Report Abusive Post Report Copyright Violation | S&P -26.60 / -1.85% Quoting: Anonymous Coward 29271249 Data as of 8:21pm ET Nasdaq -43.50 / -1.62% Data as of 8:21pm ET Dow -271.00 / -2.04% Data as of 8:20pm ET [link to money.cnn.com] |
Renegade (Me too) User ID: 28510817 United States 12/20/2012 11:25 PM Report Abusive Post Report Copyright Violation | Asian markets showing their Christmas spirit. They all turned from green to red! Quoting: TheTortureKing [link to money.cnn.com] Yay! Crash and burn! I won $50 on a scratch off, so I'm up 50. Who is John Galt? |
Saddletramp User ID: 736969 Puerto Rico 12/20/2012 11:27 PM Report Abusive Post Report Copyright Violation | Asian markets showing their Christmas spirit. They all turned from green to red! Quoting: TheTortureKing [link to money.cnn.com] Yay! Crash and burn! I won $50 on a scratch off, so I'm up 50. Probably the best investment anyone around here has made all week... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Saddletramp User ID: 736969 Puerto Rico 12/20/2012 11:28 PM Report Abusive Post Report Copyright Violation | S&P -26.60 / -1.85% Quoting: Anonymous Coward 29271249 Data as of 8:21pm ET Nasdaq -43.50 / -1.62% Data as of 8:21pm ET Dow -271.00 / -2.04% Data as of 8:20pm ET [link to money.cnn.com] A BS Flag for quotes...interesting... I think you could see a 500 point or more drop tomorrow...last day of trading before Christmas... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Digital mix guy User ID: 30106799 United States 12/20/2012 11:31 PM Report Abusive Post Report Copyright Violation | It's not even close to going under 13,000! Doom off. Quoting: Anonymous Coward 9014106 Still hopeful for some time soon though.. it's up now. Last Edited by Digital mix guy Spock on 12/20/2012 11:31 PM Have no fear, Spock is here!!! LLAP |
Renegade (Me too) User ID: 28510817 United States 12/20/2012 11:34 PM Report Abusive Post Report Copyright Violation | Asian markets showing their Christmas spirit. They all turned from green to red! Quoting: TheTortureKing [link to money.cnn.com] Yay! Crash and burn! I won $50 on a scratch off, so I'm up 50. Probably the best investment anyone around here has made all week... Gonna try again tomorrow for the BIG ONE! Who is John Galt? |
Anonymous Coward User ID: 28621700 United States 12/20/2012 11:37 PM Report Abusive Post Report Copyright Violation | What day is it tomorrow ? It's the Third Friday of the month ? Its stock options expiry tomorrow and the Precious Metal paper script/miner stocks must be made to suffer. Also December is a huge delivery month for Physical. Watch precious Get take to the woodshed tomorrow as well as next week for the Comex contract expiries ! Watch and learn what you have been watching for years ! |
Saddletramp User ID: 736969 Puerto Rico 12/20/2012 11:37 PM Report Abusive Post Report Copyright Violation | It's not even close to going under 13,000! Doom off. Quoting: Anonymous Coward 9014106 Still hopeful for some time soon though.. it's up now. Still down 190 on the DOW...I think the futures are only indicators, a move of more than one percent in the futures (overnights) is a bit unusual, since any moves in the overnights are usually less than half of any daily move in the equities... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Anonymous Coward User ID: 23490588 United States 12/20/2012 11:38 PM Report Abusive Post Report Copyright Violation | |
Saddletramp User ID: 736969 Puerto Rico 12/20/2012 11:42 PM Report Abusive Post Report Copyright Violation | Why dont you sheeple ever learn ??????????? Quoting: Anonymous Coward 28621700 What day is it tomorrow ? It's the Third Friday of the month ? Its stock options expiry tomorrow and the Precious Metal paper script/miner stocks must be made to suffer. Also December is a huge delivery month for Physical. Watch precious Get take to the woodshed tomorrow as well as next week for the Comex contract expiries ! Watch and learn what you have been watching for years ! I agree, this type of movement is not totally uncommon, particularly at the end of the year, and option expiry is usually a time for large shifts, but combine that with the news about the Fiscal Cliff deals, and it could make for some big movement tomorrow. Right now I stand by my statement that we could see a 500 point downward move tomorrow in the Equities, though we'll have to see the volume at the open of the daily market to be sure... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Anonymous Coward User ID: 28621700 United States 12/20/2012 11:43 PM Report Abusive Post Report Copyright Violation | S&P -26.60 / -1.85% Quoting: Anonymous Coward 29271249 Data as of 8:21pm ET Nasdaq -43.50 / -1.62% Data as of 8:21pm ET Dow -271.00 / -2.04% Data as of 8:20pm ET [link to money.cnn.com] A BS Flag for quotes...interesting... I think you could see a 500 point or more drop tomorrow...last day of trading before Christmas... Saddle, as you know if they want it to drop it -500 tomorrow it will ! The natural price discovery mechanism's have been removed from the market "entirely" The price of everything must be hammered to paint a pretty chart for the chartists to talk about for the next year. Inflation ? What inflation, let's look at the chart ! Priceless !!!!!!!!!!!!!!! |
TechRaider User ID: 8668963 United States 12/20/2012 11:49 PM Report Abusive Post Report Copyright Violation | I wonder if there will be scratch-off tickets in FEMA CAMP? Texas has yet to learn submission to any oppression, come from what source it may. Sam Houston "The beauty of the Second Amendment is that it will not be needed until they try to take it." Thomas Jefferson If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed. -- Mark Twain Giving money and power to government is like giving whiskey and keys to teenage boys. -- P.J. O'Rourke, Civil Libertarian |
Saddletramp User ID: 736969 Puerto Rico 12/20/2012 11:53 PM Report Abusive Post Report Copyright Violation | S&P -26.60 / -1.85% Quoting: Anonymous Coward 29271249 Data as of 8:21pm ET Nasdaq -43.50 / -1.62% Data as of 8:21pm ET Dow -271.00 / -2.04% Data as of 8:20pm ET [link to money.cnn.com] A BS Flag for quotes...interesting... I think you could see a 500 point or more drop tomorrow...last day of trading before Christmas... Saddle, as you know if they want it to drop it -500 tomorrow it will ! The natural price discovery mechanism's have been removed from the market "entirely" The price of everything must be hammered to paint a pretty chart for the chartists to talk about for the next year. Inflation ? What inflation, let's look at the chart ! Priceless !!!!!!!!!!!!!!! That's why I only rarely play equities anymore... As for inflation, the commodity markets have been showing increasing deflationary pressure all this week, and that is a bit worrisome after the Fed's QE4eva program they announced last week. I think the next "inflation" we see could be "Hyperinflation", which is not growth at all, but a total collapse in confidence in the currency... Probably when China finally announces Gold Backing for the Yuan... Still, while they may let the market swing wildly to influence FIscal Cliff negotiations, I still believe the real fireworks aren't until after the 1st of the year... Last Edited by Saddletramp on 12/20/2012 11:55 PM "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
PhilippinoBob User ID: 16604126 Philippines 12/21/2012 12:01 AM Report Abusive Post Report Copyright Violation | |
Therion156 User ID: 1506382 Mexico 12/21/2012 12:06 AM Report Abusive Post Report Copyright Violation | Dont read a lot into this....there is a big federal tax increase on speculation, trading & investment after 12/31/2012. The current selloff in bonds, equities & commods is profit taking before the tax increase a.k.a. tax avoidance. New positions will be established after first of year. NIA |
Anonymous Coward User ID: 28621700 United States 12/21/2012 12:06 AM Report Abusive Post Report Copyright Violation | A BS Flag for quotes...interesting... I think you could see a 500 point or more drop tomorrow...last day of trading before Christmas... Saddle, as you know if they want it to drop it -500 tomorrow it will ! The natural price discovery mechanism's have been removed from the market "entirely" The price of everything must be hammered to paint a pretty chart for the chartists to talk about for the next year. Inflation ? What inflation, let's look at the chart ! Priceless !!!!!!!!!!!!!!! That's why I only rarely play equities anymore... As for inflation, the commodity markets have been showing increasing deflationary pressure all this week, and that is a bit worrisome after the Fed's QE4eva program they announced last week. I think the next "inflation" we see could be "Hyperinflation", which is not growth at all, but a total collapse in confidence in the currency... Probably when China finally announces Gold Backing for the Yuan... Still, while they may let the market swing wildly to influence FIscal Cliff negotiations, I still believe the real fireworks aren't until after the 1st of the year... I wanted to ask you saddletramp, what your thoughts on the Queeen of England were regarding her tour of the Gold vaults and declaring that it's "all" there...........see. Could the 11 countries that are committed to the implementation of the Basel 3 accord change the tier asset category for Gold from a tier-3 (50% weighting to their balance sheets as an asset) to a tier-1 (100% weighting on the balance sheets) on about the first of January ? Something is up with Gold.........I smell it ! Sooner or later they are going to deploy that Gold they have been hoarding all while poo-pooing it. From Yahoo News AS ONE of 11 Basel Committee on Banking Supervision member countries, South Africa would be ready to implement tougher capital adequacy reforms for banks from next month. Africa’s largest economy has finalised its rules, which were submitted to Finance Minister Pravin Gordhan for approval. The country’s banks join those from Japan, Switzerland and Singapore, among others, that have also raised their capital buffers, the Basel Committee said last week in a progress report. The report was issued after the committee met last Thursday and Friday to discuss the progress of its members in implementing capital adequacy reforms, which are meant to strengthen bank balance sheets. The reforms require global banks to at least triple their capital buffers in stages until 2019. [link to za.news.yahoo.com] |