Stock Market: The Thread

[gotbeer]

Japan started down about 3%.  We'll see how HK and China do.  

[fan_since79]

U.S. futures are up big, but that could change depending on Asia.

 

China's exchanges open in 10 minutes.

[gotbeer]

China is continuing the trend.  Down 5%.  Good news is Japan is bouncing back to 1.75% down, and Hong Kong is only down -0.34%.

[mrwicked]

sell! sell!

 

[fan_since79]

Japan and Hong Kong are turning green. China still hurting.

 

Dow futures are up 357 points. Maybe tomorrow will break the spell.

Edited August 25, 2015 by fan_since79

[gotbeer]

Dang, what just happened.  Everything is in the red again.  China -6.88%.  Japan -3.51%.  HK -0.69%

[Tank]

i'm guessing this whole week will be very up and down and completely unpredictable.

[halobob]

I expect another day of some stocks swinging 20% throughout the day.  Only 6ish hours till our market opens, can't wait to see what the day brings!

[HaloFan85]

Regarding the DOW futures:

 

http://www.zerohedge.com/news/2015-08-24/behold-insanity

 

If you really want to get some perspective about what's going on with the markets, I highly urge everyone to read through the comments section below the graph.  These guys are joking, mocking, and just laughing about all of this because they appear to be all guys who either work or once worked in this biz and are well aware of what's really going on.

[Lhalo]

China cut rates so there's more free money. The U.S. market is set to rally.

[Redondo]

RALLY TUESDAY? Stock futures up, world markets brush off China crash

 

BREAKING NEWS: Most stock markets around the world are rebounding, as yesterday's global market rout showed signs of easing, shrugging off yet another drop in Chinese stocks.

[fan_since79]

Consumer confidence rises unexpectedly!

 

Sure.

[fan_since79]

Buyers have returned big time. Dow up 400 points and going higher.

[gotbeer]

It'll be interesting to see how the day finishes.  Nikkei was up and looked to rebound yesterday, but in the end, lost like 3%.  But then HK was down big towards the end, but rallied to end up up yesterday.  

 

And well, China is just in a freefall.  Which is f'ing with everything else.  Which is kind of funny.  Who would have figured a Communist country would so affect something so western and capitalist as the stock market.

[HaloFan85]

People were saying it was only a matter of time before we see something of a "recovery" from these losses, but these same people are also saying it's only because the central banks are the buying stocks via their proxies.  Last night, many were saying they wouldn't be surprised to see a recovery today, even as China was taking another big hit.

 

http://www.zerohedge.com/news/2015-08-25/btfd

 

A good quote from the comments section that sums up today's recovery:

 

"If central banks purchase stocks in order to support equity prices, what is the point of having a stock market? The central bank’s ability to create money to support stock prices negates the price discovery function of the stock market."

[Jay]

Not surprised to see a bounce after yesterday's flash crash.

[Jay]

woops!

 

market selling off into the close

[fan_since79]

People were saying it was only a matter of time before we see something of a "recovery" from these losses, but these same people are also saying it's only because the central banks are the buying stocks via their proxies.  Last night, many were saying they wouldn't be surprised to see a recovery today, even as China was taking another big hit.

 

http://www.zerohedge.com/news/2015-08-25/btfd

 

A good quote from the comments section that sums up today's recovery:

 

"If central banks purchase stocks in order to support equity prices, what is the point of having a stock market? The central bank’s ability to create money to support stock prices negates the price discovery function of the stock market."

 

 

Bingo! I bolded the money quote. That's the essence of the problem here. Now China is creating money to support their market, but it's not working so far.

[Lhalo]

woops!

market selling off into the close

That was the worst collapse into the close since the '95 Angels season.

[Lhalo]

woops!

market selling off into the close

That was the worst collapse into the close since the '95 Angels season.

[fan_since79]

Huge dump in the last ten minutes. Wow.

 

More than 600 points down from the high earlier today.

 

Not good at all.

[HaloFan85]

Latest from Zero Hedge, and don't forget to read the commentary.  Those guys are golden right now.

 

http://www.zerohedge.com/news/2015-08-25/biggest-rally-2015-crashes-biggest-reversal-lehman

[fan_since79]

Latest from Zero Hedge, and don't forget to read the commentary.  Those guys are golden right now.

 

http://www.zerohedge.com/news/2015-08-25/biggest-rally-2015-crashes-biggest-reversal-lehman

 

From your link: The last time the S&P jumped more than 3% and finished down was at the height of the financial crisis in 2008.

 

Tonight will be interesting in China. The government lowered interest rates there in a desperate move to stop the bleeding. If they keep crashing, then look out below!

[gotbeer]

It's time.....

 

[gotbeer]

Hahahahahhahahahahahha.

 

TheReplacement

 

15,666.44

15 = year

666 = number of the beast

44 = President Obama (44th)

I think I saw that on Bloomturd.