2011 Global Stock Market Collapse Watch

Do I hear -600?
It seems to be knocking.

AEX (Amsterdam) was at a 2% plus all day just to make a freefall to -3% at closing bell

Not gonna mention points your decline is bigger then our total market (scary thought)

reply to post by adifferentbreed


SOLD!!! -500 to the guy with the guitar^^^

Dow down -539.28 now

And - S&P TSX 12,244.08 +134.82 +1.11% - Gold helping out big time, rally on TSX

Do other markets rally about the french downgrade hoax, or just keep tanking after our markets close? I'm not even gonna guess.

Down -520 at close.

Now, question is will the free-fall continue tomorrow?

wow, Dow just sunk like a stone in those last few minutes. and from what im seeing in the eu markets, well...

anyway, looks like it has closed at 10710. will have to see how the Dow futures go.

Looking at the Nikkei future chart, from what I can understand it expects to start off down -100 or so from it's close yesterday as of this posting.

Nikkei Futures Chart

They say a picture is worth a 1000 words.... in this case make that 1000 points!

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That's some serious damage in 5 days trading.... -1000 points. And the news doesn't look good for tomorrow either. Oh boy

sorry if i seem stupid asking this but financial markets are seriously not my niche

What does all this data mean to the world

are we facing another recession..or even a depression?

hyper inflation?

Just asking because i am worried about how this will affect me and my family =)

thanks

reply to post by SeekerofTruth101

Originally posted by SeekerofTruth101
Demands for manufacturing goods will be low, but food and necessary products will be needed, and thus one will see a higher price from such items. In time, the producers of such items will have excess funds, and if they are willing to share it around with their workers and the economy, inflation would not be problem, for everyone will have the money to purchase goods.

If the cost of money remains low for an extended period of time (ZIRP), this policy measure will ultimately result in hot international money flows and asset bubbles (see Greenspan rate cuts/housing bubble, the recent run-up in commodities and emerging market economies, protests MENA/UK/Israel).

With ZIRP returns on short-term treasuries, investment capital is forced into alternative, higher risk asset classes like stocks in search of inflation adjusted ROI. This was Bernankes' strategy yesterday when he gave the market a date specific lock on ST interest rates. The fact that this accommodative policy and the policy commonly referred to as QE punishes the hell out of savers and those least able to cope; the poor, the elderly, and other fixed income retirees...is totally lost on the financial oligarchy.

The problem is that the Fed has limited control over where this spike in liquidity will ultimately materialize. Some of it will find it's way into the designated target > domestic equities markets, but it can also increase speculative flows in the commodities complex. In reaction to rising input costs , producers are forced to raise prices just to maintain viable profit margins. Like plumbing, it all flows downhill. Rising costs are eventually passed on to the end user in the form of higher prices for consumer essentials. The wealthy may be able to cope with rising prices, but the rest of the world will have to choose between going into debt to maintain a standard of living..or..begin substituting hamburger for steak...chicken for hamburger...Raman for meat, as we embrace our descent into a de-facto austerity regime.

Originally posted by SeekerofTruth101
Gold is not cash. It can only be traded for cash. USA is flushed with cash. When those hoarders of gold needs to eat, they will have to trade for cash. When they trade for cash, the volume of SELLING gold becomes high and the price of gold eventually drop.

I've been in Gold camp for quite a while now and I don't know a single investor who has committed every penny of his investment capital to precious metals with the possibility of using his/her allocation as a food card...especially all at once, or in any amount that could threaten the Gold market. Investors buy gold as protection against the ravages of currency depreciation. We typically hold a percentage of our liquid net worth in precious metals, a percentage in cash, and a percentage in other liquid assets like specific stocks. Risk appetite and investment goals determine individual allocation strategies...one size doesn't fit all.

And contrary to popular myth we also own food stores, guns, ammo....some of us even hoard concertina wire

GL

reply to post by moosevernel


coming from the UK i think it's clear how this is affecting you and your family.

The proclaimed cause might be different but it's part of the excuse already.

reply to post by moosevernel


depression is what is coming next dont forget there are over 48 Million americans on foodstamp there could be more though

Does my eyes deceive me?

We just plunged another 519 points....

Better start stocking up on canned foods with minimum 5 year shelf life and a .44 Magnum revolver.

So much for the gain yeaster day I've got 10719.94 with a 519.83 point drop. Can't remember where, but heard there was supposed to be another big drop on friday, anybody else hear anything about that?

Have a go at gold!! It's well over $1800 an ounce now. Just incredible given it was sub-1600 a couple of weeks ago and hadn't hit that level ever (with expception to the inflation adjusted highs in the late 70s).

NIKKEI 225 already off to a bad start, down almost 2% right out of the gate, and dropping of course... All eyes on the Asian markets.

AND Australian markets down 1% out of the gate.

Japan is taking a beating right now, I really do wonder what tomorrow will bring. Obama can't be happy if we close down again on friday........

Originally posted by adifferentbreed
Japan is taking a beating right now, I really do wonder what tomorrow will bring. Obama can't be happy if we close down again on friday........

Ahhh, obama's can't be bothered with something petty like the stock market. Michael even took a mini vacation: www.whitehousedossier.com...

The White House has so far said little about the trip, which was unannounced. It’s unclear how long the vacation will last.
Mrs. Obama and family members flew on a Boeing C-40B, the military version of a 737 that serves as Air Force 2.
Mrs. Obama has in the past incurred criticism for her travels, including an early departure for her most recent Hawaiian vacation and a luxurious 2010 trip to Spain. Most of the costs of her travel are borne by taxpayers.

Then obama and the family will be taking another vacation the end of this month: www.usatoday.com...
Well, long as he can enjoy himself, I guess thats all thats important.

Relative performance of bonds, gold, dollar. commodities and stocks over the past weeks.


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