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Stock market carshing! -200 points in minutes

 
Waterbug

User ID: 1295673
United States
11/07/2012 02:07 PM

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Re: Stock market carshing! -200 points in minutes
The only reason it is going down is this.

Investors are cashing in their profits now so they don't have to pay higher capital gains taxes later.

They pay 15% now, 23% later.


They are selling now to maximize their profits.


That is all. We Have QE3 infinity......

The market cannot crash.
 Quoting: FatalW1shes


Or.... the shrewder are getting the fuck out while they still can..
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
United States
11/07/2012 02:08 PM

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Re: Stock market carshing! -200 points in minutes
Don't Answer Your Phones...

Here come the margin calls...

[link to www.zerohedge.com]
"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..."
Anonymous Coward
User ID: 12509109
United States
11/07/2012 02:08 PM
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Re: Stock market carshing! -200 points in minutes
No crash. Just erosion. Slow painful drag. The DJIA will make new highs...

In 2032.
Anonymous Coward
User ID: 27242572
Switzerland
11/07/2012 02:08 PM
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Re: Stock market carshing! -200 points in minutes
It's Bush faults

cruise
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
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11/07/2012 02:08 PM

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Re: Stock market carshing! -200 points in minutes
Why do the post were people can't even spellcheck get pined? Makes no sense what so ever. What is carshing? Lol
 Quoting: Maverix


It's called a "meme"... it is done intentionally.

Lighten up, Francis.
 Quoting: Anonymous Coward 1055574


The name's Francis Sawyer, but everybody calls me Psycho. Any of you guys call me Francis, and I'll kill you.
 Quoting: Anonymous Coward 26869139


What about Franny?!?!?
"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..."
Waterbug

User ID: 1295673
United States
11/07/2012 02:09 PM

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Re: Stock market carshing! -200 points in minutes
Why do the post were people can't even spellcheck get pined? Makes no sense what so ever. What is carshing? Lol
 Quoting: Maverix


It's called a "meme"... it is done intentionally.

Lighten up, Francis.
 Quoting: Anonymous Coward 1055574


The name's Francis Sawyer, but everybody calls me Psycho. Any of you guys call me Francis, and I'll kill you.
 Quoting: Anonymous Coward 26869139


shoot
FatalW1shes

User ID: 18009481
United States
11/07/2012 02:10 PM

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Re: Stock market carshing! -200 points in minutes
The only reason it is going down is this.

Investors are cashing in their profits now so they don't have to pay higher capital gains taxes later.

They pay 15% now, 23% later.


They are selling now to maximize their profits.


That is all. We Have QE3 infinity......

The market cannot crash.
 Quoting: FatalW1shes


Or.... the shrewder are getting the fuck out while they still can..
 Quoting: Waterbug


In time that will tell. The fact that it is going back up tells me the smart people took their profits off the table this morning.

PPT is in effect now....We'll see where it closes.

Volume has dropped off.

Closing will tell us more.
Oldmotherhubbard

User ID: 3926723
United States
11/07/2012 02:12 PM
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Re: Stock market carshing! -200 points in minutes
Don't Answer Your Phones...

Here come the margin calls...

[link to www.zerohedge.com]
 Quoting: Saddletramp


2:30- close could be more than interesting.
Oldmotherhubbardglp@live.com
* Lucky Star *

User ID: 4090467
United States
11/07/2012 02:13 PM

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Re: Stock market carshing! -200 points in minutes
G R E E C E is the word.
 Quoting: Anonymous Coward 14564403


good one! very clever!
tounge
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
United States
11/07/2012 02:13 PM

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Re: Stock market carshing! -200 points in minutes
The only reason it is going down is this.

Investors are cashing in their profits now so they don't have to pay higher capital gains taxes later.

They pay 15% now, 23% later.


They are selling now to maximize their profits.


That is all. We Have QE3 infinity......

The market cannot crash.
 Quoting: FatalW1shes


Or.... the shrewder are getting the fuck out while they still can..
 Quoting: Waterbug


In time that will tell. The fact that it is going back up tells me the smart people took their profits off the table this morning.

PPT is in effect now....We'll see where it closes.

Volume has dropped off.

Closing will tell us more.
 Quoting: FatalW1shes


The 2 o'clock turn...

I actually expect a little bargin hunting, but there are a lot of margin calls coming. Might be some more downward pressure on all the markets tomorrow...
"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..."
Anonymous Coward
User ID: 27162750
United States
11/07/2012 02:14 PM
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Re: Stock market carshing! -200 points in minutes
Obama gets re-elected and the stock market crashes. You didn't have to be Kreskin to see this coming.pick
Anonymous Coward
User ID: 4727082
United States
11/07/2012 02:16 PM
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Re: Stock market carshing! -200 points in minutes
It's a sign that the economy cannot sustain itself at it's current level.
An American company who manufactures their products overseas, as it's cheaper and for some reason they get a tax break, cannot expect American's to purchase their products if there are no jobs available.

1) Senior citizens are retiring later, require more medical help, and have established wages earned by company loyalty, as well as stock-options, savings accounts, etc.

2) New graduates and student debt loans/grants are a fiscal nightmare. The reason the administration passed the student debt bill was because when those default it's going to really bankrupt the federal debt. I read a Bloomberg Business mag a few months back that was dedicated to the student debt. Some idiot kid took out over $100k for a degree in fashion and theater costume something design. Instead of relegating funds for serious degrees (i.e. helping to fund science labs, student learning centers, etc.) we're paying for a douchebag to learn how to sew a dress.
- There are issues, of course with school administrations giving themselves raises, lavishing money on sports programs and neglecting math and science programs, and the rising cost of tuition, books, and tons of out-of-pocket expenditures for the students themselves. I'm going to have to shell out money for drug tests for my radiology program, as well as pay to apply and purchasing scrubs and all of that. This is all on top of paying for the classes.

3) With old people still in the workforce, and young people graduating with serious debt and are unable to find jobs that pay their bills, and our business shipping jobs overseas the job market is stagnating. Add to this the rising cost of living: gas, groceries, utilities; everything is cheaply made so you're having to replace things or ghetto-rig it to work.

The only way to fix things is to buckle down, cut spending and raise taxes, and to put some sort of protectionist measures in place to keep companies from sending jobs overseas. At least cut the tax breaks In that area. Everyone is going to have to bite the bullet for a few years to get this shit together. You don't like it? Tough shit. Things aren't working, and doing the same shit is not going to help.
 Quoting: Anonymous Coward 4727082
Waterbug

User ID: 1295673
United States
11/07/2012 02:16 PM

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Re: Stock market carshing! -200 points in minutes
The only reason it is going down is this.

Investors are cashing in their profits now so they don't have to pay higher capital gains taxes later.

They pay 15% now, 23% later.


They are selling now to maximize their profits.


That is all. We Have QE3 infinity......

The market cannot crash.
 Quoting: FatalW1shes


Or.... the shrewder are getting the fuck out while they still can..
 Quoting: Waterbug


In time that will tell. The fact that it is going back up tells me the smart people took their profits off the table this morning.

PPT is in effect now....We'll see where it closes.

Volume has dropped off.

Closing will tell us more.
 Quoting: FatalW1shes


People are still in shock. When investors realize what four more years really means for their investment...
'Katy bar the door..' IMO.
Anonymous Coward
User ID: 8668963
United States
11/07/2012 02:20 PM
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Re: Stock market carshing! -200 points in minutes
Why do the post were people can't even spellcheck get pined? Makes no sense what so ever. What is carshing? Lol
 Quoting: Maverix


pined?

(Sorry, couldn't resist.)
 Quoting: Anonymous Coward 6630717


Too funny
Anonymous Coward
User ID: 6630717
Canada
11/07/2012 02:24 PM
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Re: Stock market carshing! -200 points in minutes
The only reason it is going down is this.

Investors are cashing in their profits now so they don't have to pay higher capital gains taxes later.

They pay 15% now, 23% later.


They are selling now to maximize their profits.


That is all. We Have QE3 infinity......

The market cannot crash.
 Quoting: FatalW1shes


Or.... the shrewder are getting the fuck out while they still can..
 Quoting: Waterbug


In time that will tell. The fact that it is going back up tells me the smart people took their profits off the table this morning.

PPT is in effect now....We'll see where it closes.

Volume has dropped off.

Closing will tell us more.
 Quoting: FatalW1shes


People are still in shock. When investors realize what four more years really means for their investment...
'Katy bar the door..' IMO.
 Quoting: Waterbug


Today's action is also partly due to the 80k protestors in Athens rioting over austerity. If the election was months away, we'd be seeing a down day over Greece anyway.

Here comes the bounce.
Anonymous Coward
User ID: 23105041
San Marino
11/07/2012 02:35 PM
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Re: Stock market carshing! -200 points in minutes
going down again....
Luisport

User ID: 27240094
Portugal
11/07/2012 02:36 PM

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Re: Stock market carshing! -200 points in minutes
going down again....
 Quoting: Anonymous Coward 23105041


like euro...
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
United States
11/07/2012 02:36 PM

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Re: Stock market carshing! -200 points in minutes
...


Or.... the shrewder are getting the fuck out while they still can..
 Quoting: Waterbug


In time that will tell. The fact that it is going back up tells me the smart people took their profits off the table this morning.

PPT is in effect now....We'll see where it closes.

Volume has dropped off.

Closing will tell us more.
 Quoting: FatalW1shes


People are still in shock. When investors realize what four more years really means for their investment...
'Katy bar the door..' IMO.
 Quoting: Waterbug


Today's action is also partly due to the 80k protestors in Athens rioting over austerity. If the election was months away, we'd be seeing a down day over Greece anyway.

Here comes the bounce.
 Quoting: Anonymous Coward 6630717


The Dow futures were way off before the Greece thing every got off of the ground...

Maybe in stocks we may see a dead cat bounce tomorrow, maybe 1/3 of today's loss. In oil I think the downward pressure remains...

Last Edited by Saddletramp on 11/07/2012 02:38 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..."
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
United States
11/07/2012 02:40 PM

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Re: Stock market carshing! -200 points in minutes
Here it is, the 2 o'clock turn, and it's down. Oil going off the cliff again!

Down 4.35 to $84.36

Last Edited by Saddletramp on 11/07/2012 02:41 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..."
Anonymous Coward
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United States
11/07/2012 02:42 PM
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Re: Stock market carshing! -200 points in minutes
carshing5a
Anonymous Coward
User ID: 6630717
Canada
11/07/2012 02:44 PM
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Re: Stock market carshing! -200 points in minutes
...


In time that will tell. The fact that it is going back up tells me the smart people took their profits off the table this morning.

PPT is in effect now....We'll see where it closes.

Volume has dropped off.

Closing will tell us more.
 Quoting: FatalW1shes


People are still in shock. When investors realize what four more years really means for their investment...
'Katy bar the door..' IMO.
 Quoting: Waterbug


Today's action is also partly due to the 80k protestors in Athens rioting over austerity. If the election was months away, we'd be seeing a down day over Greece anyway.

Here comes the bounce.
 Quoting: Anonymous Coward 6630717


The Dow futures were way off before the Greece thing every got off of the ground...

Maybe in stocks we may see a dead cat bounce tomorrow, maybe 1/3 of today's loss. In oil I think the downward pressure remains...
 Quoting: Saddletramp


Agreed, the election is also a big factor. And I really don't know what to expect commodity wise. Likely short term pressure but QEinfinity still hasn't really impacted commodities (after the bounce and immediate retrace) as expected.

I invest primarily in growth stocks in the commodity sector including juniors. Maybe that's why I laugh at the reaction to a 2% down day - that's nothing lol.
krosty

User ID: 15571780
United States
11/07/2012 02:46 PM
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Re: Stock market carshing! -200 points in minutes
Investors scared their companies aren't going to pull as many billions in profit now that they can't impoverish their employees as easily?
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
United States
11/07/2012 02:49 PM

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Re: Stock market carshing! -200 points in minutes
...


People are still in shock. When investors realize what four more years really means for their investment...
'Katy bar the door..' IMO.
 Quoting: Waterbug


Today's action is also partly due to the 80k protestors in Athens rioting over austerity. If the election was months away, we'd be seeing a down day over Greece anyway.

Here comes the bounce.
 Quoting: Anonymous Coward 6630717


The Dow futures were way off before the Greece thing every got off of the ground...

Maybe in stocks we may see a dead cat bounce tomorrow, maybe 1/3 of today's loss. In oil I think the downward pressure remains...
 Quoting: Saddletramp


Agreed, the election is also a big factor. And I really don't know what to expect commodity wise. Likely short term pressure but QEinfinity still hasn't really impacted commodities (after the bounce and immediate retrace) as expected.

I invest primarily in growth stocks in the commodity sector including juniors. Maybe that's why I laugh at the reaction to a 2% down day - that's nothing lol.
 Quoting: Anonymous Coward 6630717


You gotta live and breath these commodities, this thing can turn so fast it will make your head spin...

5% turns aren't that unusual...
"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..."
REND
User ID: 17749104
United States
11/07/2012 02:50 PM
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Re: Stock market carshing! -200 points in minutes
I know that its probably just a thought but,
if dow closes at -266.67 ans s&p at -40.34 and nas -95.90 .
I'll be saying DOOM on... (numbers from gray state)
Anonymous Coward
User ID: 24643310
Czech Republic
11/07/2012 02:50 PM
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Re: Stock market carshing! -200 points in minutes
Personally I am not a fan of Carshing but I can definitely understand how the stock market is down with it.

Carshing be Carshing-shing
Anonymous Coward
User ID: 120542
Germany
11/07/2012 02:50 PM
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Re: Stock market carshing! -200 points in minutes
oil down 4.53 pct.

awesome.
Anonymous Coward
User ID: 17694439
United States
11/07/2012 02:56 PM
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Re: Stock market carshing! -200 points in minutes
It will be up 300+ tomorrow or the next day you fools are being played.

Its called the VIG or "Vigorish" look it up Sheeples !
 Quoting: Anonymous Coward 17694439


A fool is someone who isn't taking advantage of this and investing.
 Quoting: Meligrove


I would not invest in something as fraudulent as the stock market. Have fun participating in the crimes (legalized crime is what it is) If you lose everything, dont go crying to the liberal administration for reimbersment.
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
United States
11/07/2012 02:57 PM

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Re: Stock market carshing! -200 points in minutes
oil down 4.53 pct.

awesome.
 Quoting: Anonymous Coward 120542


Yeah oil is taking a shit hammering...
"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..."
Saddletramp
We Don't Rent Pigs...

User ID: 1052341
United States
11/07/2012 03:02 PM

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Re: Stock market carshing! -200 points in minutes
Gold and Silver both bounced way back up from the bottom to flat on the day...

A sign people are moving their money perhaps?!?!?
"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..."
Anonymous Coward
User ID: 6630717
Canada
11/07/2012 03:02 PM
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Re: Stock market carshing! -200 points in minutes
...


Today's action is also partly due to the 80k protestors in Athens rioting over austerity. If the election was months away, we'd be seeing a down day over Greece anyway.

Here comes the bounce.
 Quoting: Anonymous Coward 6630717


The Dow futures were way off before the Greece thing every got off of the ground...

Maybe in stocks we may see a dead cat bounce tomorrow, maybe 1/3 of today's loss. In oil I think the downward pressure remains...
 Quoting: Saddletramp


Agreed, the election is also a big factor. And I really don't know what to expect commodity wise. Likely short term pressure but QEinfinity still hasn't really impacted commodities (after the bounce and immediate retrace) as expected.

I invest primarily in growth stocks in the commodity sector including juniors. Maybe that's why I laugh at the reaction to a 2% down day - that's nothing lol.
 Quoting: Anonymous Coward 6630717


You gotta live and breath these commodities, this thing can turn so fast it will make your head spin...

5% turns aren't that unusual...
 Quoting: Saddletramp


Absolutely. It takes stones to invest like I do. If a "financial advisor" saw my portfolio he'd probably have a heart attack on the spot. I only use "play money" for this but that doesn't really mitigate the pain when I see a 10-20% haircut over the course of a few hours. On the flip side, the gains can be fantastic.

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