Anyone Checking The Markets Today?

[Kathianne]

Ugly, repeat of yesterday. http://money.cnn.com/2015/08/21/investing/stocks-market-lookahead-august-21/index.html

[Black Diamond]

Is Obama going to take credit for this, too?

[Kathianne]

With about 1/2 hour to go, it's gotten uglier...

Dow Jones Industrial Average (^DJI) -DJI <button class="follow-quote follow-quote-follow follow-quote-always-visible" data-flw-quote="^DJI" style="line-height: 1.22em; color: rgb(153, 153, 153); border: none; outline: none; cursor: pointer; padding: 0px; margin-left: 5px; margin-right: 2px; font-size: 12px; background-repeat: no-repeat;"></button> Watchlist

16,539.95 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 450.74(2.65%) 3:27PM EDT

[Black Diamond]

With about 1/2 hour to go, it's gotten uglier...

Dow Jones Industrial Average (^DJI) -DJI <button class="follow-quote follow-quote-follow follow-quote-always-visible" data-flw-quote="^DJI" style="line-height: 1.22em; color: rgb(153, 153, 153); border: none; outline: none; cursor: pointer; padding: 0px; margin-left: 5px; margin-right: 2px; font-size: 12px; background-repeat: no-repeat;"></button> Watchlist

16,539.95 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 450.74(2.65%) 3:27PM EDT


Yikes

[Kathianne]

Yikes
Nasdaq and S & P are worse!

[Kathianne]

Friday’s Close:


Dow (http://money.cnn.com/data/markets/dow)-530.94

16,459.75
-3.12%
Nasdaq (http://money.cnn.com/data/markets/nasdaq)-171.45

4,706.04
-3.52%
S&P (http://money.cnn.com/data/markets/sandp)-64.84

1,970.89 -3.19%

[Kathianne]

What does it portend?

http://www.cnbc.com/2015/08/21/us-markets-global-growth.html


Dow, Nasdaq plunge 3% into correctionEvelyn Cheng (http://www.cnbc.com/evelyn-cheng/) | @chengevelyn (http://twitter.com/chengevelyn)
<time class="datestamp" itemprop="datePublished" datetime="2015-08-21T16:00:00-0400" style="-webkit-tap-highlight-color: rgba(32, 119, 182, 0.2); padding: 5px 0px 0px; color: rgb(66, 72, 88); font-family: 'Gotham Narrow SSm 4r', Arial; font-size: 11px;">20 Mins Ago

</time>U.S. stocks closed deep in the red on Friday as global growth concerns accelerated selling pressure to push the Dow into correction territory. (Tweet This (http://twitter.com/share?url=http://cnb.cx/1UXlpFI&text=Dow,%20Nasdaq%20plunge%203pct%20into%20correc tion&via=CNBC))


The Dow Jones industrial average closed at session lows, off 531 points and in correction territory for the first time since 2011 (http://www.cnbc.com/2015/08/21/dow-hits-correction-for-first-time-since-2011.html) as all blue chips declined. The last time the index closed more than 500 points lower was on Aug. 10, 2011. In the last five years, the index has only had four instances with closing losses of more than 400 points.


"For investors the momentum and the drive of the market is now lower (than) it used to be because there's no place to hide," said Lance Roberts, general partner at STA Wealth Management. "Every time we hit the major technical points we kept selling."


A traders noted that investors stopped looking at techincals and were plowing through them.


"It's an expiration day and it looks like they're to have for sale on the close maybe as much as a billion dollars," said Art Cashin, director of floor trading for UBS.

...

[LongTermGuy]

Is Obama going to take credit for this, too?


https://sp.yimg.com/ib/th?id=JN.fQVnLQJY%2fgkREBfOAg7Qtw&pid=15.1&P=0&w=300&h=300
Friday’s Close:



Dow (http://money.cnn.com/data/markets/dow)-530.94

16,459.75
-3.12%
Nasdaq (http://money.cnn.com/data/markets/nasdaq)-171.45

4,706.04
-3.52%
S&P (http://money.cnn.com/data/markets/sandp)-64.84

1,970.89 -3.19%

​http://3.bp.blogspot.com/-osvnP3Kynlc/Vb6U9g9V0GI/AAAAAAAAh8Y/Vhip305Z_kY/s400/hoax-obama%2Bop.jpg

https://www.yahoo.com/sy/nn/fp/rsz/082115/images/smush/stockmarket_fp_635x250_1440165514.jpg

[fj1200]

What does it portend?

I'm going to guess not too much.

[indago]

Monday morning, buyers will be flooding into the marketplace to buy up what was sold off on Friday.

[gabosaurus]

Market corrections have long been part of the American economy.
And while you are blaming Obama for everything, let's not forget which administration's failed economic policies and overall blatant stupidity led to the last American financial crisis. :eek:

[NightTrain]

Market corrections have long been part of the American economy.
And while you are blaming Obama for everything, let's not forget which administration's failed economic policies and overall blatant stupidity led to the last American financial crisis. :eek:


For once you're correct. Clinton's meddling in the housing arena was heinous in retrospect.

[fj1200]

Market corrections have long been part of the American economy.
And while you are blaming Obama for everything, let's not forget which administration's failed economic policies and overall blatant stupidity led to the last American financial crisis. :eek:

Actually the Democrats were in charge of Congress during that time.

[Black Diamond]

Market corrections have long been part of the American economy.
And while you are blaming Obama for everything, let's not forget which administration's failed economic policies and overall blatant stupidity led to the last American financial crisis. :eek:
No. I haven't forgotten Bill Clinton.

[Black Diamond]

NightTrain beat me to the punch

[Kathianne]

Well it's like 12 hours until the NYSE opens, but the one open market and oil prices are not looking good-well except for hopefully at the pump-yup below $40:



<tbody style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; line-height: inherit; background: transparent;">
World Markets » (http://money.cnn.com/data/world_markets/)
Level
% Change


http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Nikkei 225 (http://money.cnn.com/data/world_markets/nikkei225) Japan
19,058.89
-1.94%

</tbody>



<tbody style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; line-height: inherit; background: transparent;">
Commodities » (http://money.cnn.com/data/commodities/)
Price
% Change


Light Crude
39.78
-1.66%

</tbody>

[gabosaurus]

Let's not forget that many brokers have automatic buy and sell levels on their holdings.
A lot of people with extensive investments and 401K accounts use stock analysts to manage their holdings. My husband studies market trends and movements most of his waking hours. That is why he is so good at what he does.

[Kathianne]

Hmmm:


Asian Indexes
<tbody style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; line-height: inherit; background: transparent;">

Index
Country
Change
% Change
Level
Last Update


http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Australia ASX All Ordinaries (http://money.cnn.com/data/world_markets/asx100)
Australia
-159.30
-3.05%
5,065.50
10:30pm ET


http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Shanghai SE Composite Index (http://money.cnn.com/data/world_markets/se_composite)
China
-259.68
-7.40%
3,248.06
10:36pm ET


http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Hang Seng (http://money.cnn.com/data/world_markets/hang_seng)
Hong Kong
-770.35
-3.44%
21,639.27
10:36pm ET


http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Mumbai Sensex (http://money.cnn.com/data/world_markets/sensex)
India
-241.75
-0.88%
27,366.07
Aug 21


http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Nikkei 225 (http://money.cnn.com/data/world_markets/nikkei225)
Japan
-623.34
-3.21%
18,812.49
10:30pm ET


http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
Taiwan TSEC 50 Index (http://money.cnn.com/data/world_markets/tsec50)
Taiwan
-513.04
-6.59%
7,273.88
10:31pm ET

</tbody>


U.S. Stock Futures
<tbody style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; line-height: inherit; background: transparent;">
http://i.cdn.turner.com/money/.element/img/3.0/data/arrowDown.gif S&P (http://money.cnn.com/data/markets/sandp/)
-29.50 / -1.50%


Level
1,942.00


Fair Value
1,967.63


Difference
-25.63



Data as of 10:42pm ET



http://i.cdn.turner.com/money/.element/img/3.0/data/arrowDown.gif Nasdaq (http://money.cnn.com/data/markets/nasdaq/)
-80.00 / -1.90%


Level
4,120.75


Fair Value
4,194.97



Difference
-74.22




Data as of 10:42pm ET



http://i.cdn.turner.com/money/.element/img/3.0/data/arrowDown.gif Dow (http://money.cnn.com/data/markets/dow/)
-258.00 / -1.57%


Level
16,209.00



Data as of 10:42pm ET


</tbody>

[indago]

From The Associated Press 24 August 2015:
-------------------------------------------------------------------
China's stock market fell Monday by its biggest margin in eight years, defying the government's multibillion-dollar attempt to stop a slide that has wiped out all of the gains of this year's price boom. The decline threatened to weigh anew on global markets after last week's Chinese losses triggered a worldwide selloff.

..."It feels like the end of the world," said Pan Chong... ..."This is definitely the end of a bull market"
-------------------------------------------------------------------

article (http://hosted.ap.org/dynamic/stories/A/AS_CHINA_STOCK_MARKET_SLIDE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-08-24-04-30-54)


http://oi46.tinypic.com/2ih848p.jpg

"I worked on Hillary's Campaign"

[indago]

From Thomson Reuters 24 August 2015:
--------------------------------------------------------------
Dubai's main stock index rebounded into positive territory in the late morning on Monday after earlier plunging in response to the slide in global equity markets.
--------------------------------------------------------------

article (http://www.reuters.com/article/2015/08/24/markets-stocks-gulf-idUSL5N10Z0Z320150824)

[Kathianne]

U.S. Stock Futures
<tbody style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; line-height: inherit; background: transparent;">
http://i.cdn.turner.com/money/.element/img/3.0/data/arrowDown.gif S&P (http://money.cnn.com/data/markets/sandp/)
-65.75 / -3.34%


Level
1,905.75


Fair Value
1,967.63


Difference
-61.88



Data as of 8:12am ET



http://i.cdn.turner.com/money/.element/img/3.0/data/arrowDown.gif Nasdaq (http://money.cnn.com/data/markets/nasdaq/)
-208.50 / -4.96%


Level
3,992.25


Fair Value
4,194.97



Difference
-202.72




Data as of 8:12am ET



http://i.cdn.turner.com/money/.element/img/3.0/data/arrowDown.gif Dow (http://money.cnn.com/data/markets/dow/)
-643.00 / -3.90%


Level
15,824.00



Data as of 8:12am ET




</tbody>


<tbody style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; line-height: inherit; background: transparent;">
World Markets » (http://money.cnn.com/data/world_markets/)
Level
% Change


http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Nikkei 225 (http://money.cnn.com/data/world_markets/nikkei225) Japan
18,540.68
-4.61%


http://i.cdn.turner.com/money/.element/img/3.0/data/marketClosed.png
Hang Seng (http://money.cnn.com/data/world_markets/hang_seng) Hong Kong
21,251.57
-5.17%


http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
FTSE 100 (http://money.cnn.com/data/world_markets/ftse100) England
5,917.93
-4.36%


http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpen.png
DAX (http://money.cnn.com/data/world_markets/dax) Germany
9,649.91
-4.69%

</tbody>

Data as of 12:01pm ET


http://i.cdn.turner.com/money/.element/img/3.0/data/marketOpenClosedKey.gif



<tbody style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; line-height: inherit; background: transparent;">
Commodities » (http://money.cnn.com/data/commodities/)
Price
% Change


Light Crude
38.94
-3.73%


Natural Gas
2.64
-1.46%


Gold
1,156.50
-0.27%


Corn
3.68
-2.45%

</tbody>
Data as of


<tbody style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; line-height: inherit; background: transparent;">
Currencies » (http://money.cnn.com/data/currencies/)
Price
$ Change




Canada Dollar
$0.7549
+0.4789%




United Kingdom Pound
$1.5745
-0.3382%




European Euro
$1.1503
-1.0432%




Japan Yen
¥119.7540
-2.0497%

</tbody>
Data as of 8:01am ET

[Black Diamond]

Oooooh boy

[Kathianne]

Oooooh boy

First few minutes fell over 1000 pts. Now around 700. I'm glad I'm going to work, this kind of thing fascinates me, though I've nothing in the markets now. Work today is likely good for my blood pressure. ;)

[Black Diamond]

First few minutes fell over 1000 pts. Now around 700. I'm glad I'm going to work, this kind of thing fascinates me, though I've nothing in the markets now. Work today is likely good for my blood pressure. ;)

Should have put our life savings in five minutes in. :)

[Kathianne]

Ouch! That's the close:



Dow (http://money.cnn.com/data/markets/dow)-588.4

15,871.35
-3.57%
Nasdaq (http://money.cnn.com/data/markets/nasdaq)-179.79

4,526.25
-3.82%
S&P (http://money.cnn.com/data/markets/sandp)-77.68

1,893.21
-3.94%

[gabosaurus]

I was told that, if you knew what you were doing, there was a lot of money to be had today. Lots of premium stocks lost value due to automatic selloffs and could be had at bargain prices before the companies managed to correct them.
My husband went to work before 6 a.m. today and texted me that he might not be home until late night. If at all.

[BoogyMan]

Market corrections have long been part of the American economy.
And while you are blaming Obama for everything, let's not forget which administration's failed economic policies and overall blatant stupidity led to the last American financial crisis. :eek:

I am sure the whole refusal to deal with the Fannie and Freddie mess was all Mr. Bush's fault, right? Oh, wait. Egads....


https://www.youtube.com/watch?v=KcCs1yGO6aA


https://www.youtube.com/watch?v=iW5qKYfqALE

[LongTermGuy]

<header class="header" id="yui_3_18_1_1_1440482001100_2729" style="margin: 0px; padding: 0px 10px; overflow: hidden;">Asian shares bounce off three-year lows while China's suffering goes on

</header>http://media.zenfs.com/284/2011/06/21/reuters-85x27_113626.gif (http://www.reuters.com/) <cite class="byline vcard top-line" style="font-style: normal; font-size: 11px; line-height: 12.1000003814697px;"><abbr style="display: block;">2 hours ago</abbr>

</cite>TOKYO (Reuters) - Volatile global markets showed signs of a respite from the recent blood-letting on Tuesday, as bargain hunters helped Asian stocks off three-year lows hit on fears that China's economy was risking a hard landing, with Chinese shares losing another 5 percent.
The MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.7 percent after an initial dip to three-year lows while Japan's Nikkei (.N225) index also erased most of its early losses after an initial drop of 4.3 percent.
"There appears to be buyback as many markets look oversold after panicky selling in the last few days. Even the shares that had little business ties with China were sold," said Yukino Yamada, senior strategist at Daiwa Securities.
U.S. stock futures (ESc1) also gained 2.0 percent in Asia, paring a part of its 5-percent fall the previous day.
But mainland Chinese shares bucked the trend, with Shanghai Composite Index (.SSEC) falling another five percent even after 15 percent fall in the last three days, including 8.5 percent drop on Monday.
"Global investors are cannibalizing each other. Calling it a market disaster is not an overstatement," said Zhou Lin, an analyst at Huatai Securities.
"The mood of panic is dominating the market ... And I don't see any signs of meaningful government intervention."



Underlining concerns about China, Japanese Finance Minister Taro Aso said on Tuesday he hoped China would take action to stabilize its economy and that Tokyo had no plan for now to unveil its own new economic stimulus package.

More:

http://finance.yahoo.com/news/asian-shares-resume-slide-fears-004231127.html

[Kathianne]

Looking better today. As noted by LTG, only China way down and that was better than the day before. Here's the future outlook for today:

U.S. Stock Futures
<tbody style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; line-height: inherit; background: transparent;">
http://i.cdn.turner.com/money/.element/img/3.0/data/arrowUp.gif S&P (http://money.cnn.com/data/markets/sandp/)
+63.00 / +3.37%


Level
1,934.25


Fair Value
1,889.97


Difference
44.28



Data as of 5:34am ET



http://i.cdn.turner.com/money/.element/img/3.0/data/arrowUp.gif Nasdaq (http://money.cnn.com/data/markets/nasdaq/)
+147.00 / +3.67%


Level
4,150.25


Fair Value
4,036.34



Difference
113.91




Data as of 5:34am ET



http://i.cdn.turner.com/money/.element/img/3.0/data/arrowUp.gif Dow (http://money.cnn.com/data/markets/dow/)
+508.00 / +3.23%


Level
16,217.00



Data as of 5:34am ET


</tbody>

[Black Diamond]

And...

Down another 200

[Kathianne]

And...

Down another 200

I've been crazy busy today, packing and dropping stuff off at new place. Just saw that after most of the day at plus 200, fell off again.

[gabosaurus]

My husband sat in his office until just before midnight last night. Went to a hotel with some co-workers and slept until 5 a.m. Went to a breakfast meeting at 6 a.m. Currently in his office again.
Ahhh, the wonderful life of a financial adviser when the market is going bananas. :cool:

[indago]

A damn good movie: Margin Call

http://www.imdb.com/title/tt1615147/

[gabosaurus]

Trading Places is the greatest movie ever about the stock market. My husband said watching it made him want to work in finance.

[LongTermGuy]

And...

Down another 200


Yup....up over 400 at one time...many were excited....but...surprise!

[fj1200]

Trading Places is the greatest movie ever about the stock market. My husband said watching it made him want to work in finance.

psst: orange juice traded in the commodities market. ;)