2011 Global Stock Market Collapse Watch

The FED is just about bankrupt and the world is up to its ears and then some in US govt. debt paper. Consequently from now on it´ll mostly be up to US corporations to fund the trillions in govt. deficits ahead. Also they will have to prop up questionable financial institutions along the way.

The market is fully aware of these gigantic and difficult tasks.

Well Today Stocks Ended on the Lower Note,After There Three Day High on expections on Ben's Speech tomorrow, i dont expect anything new from Ben, expect the markets may be lower tomorrow.

No kidding about lower stocks going lower. Irene is going to kill everything, hopefully no lives will be lost, but I fear they will.

So which data will Bernanke respond to with regard to QE3?

The data that the pollyanna rose-coloured-glassed optimists use and cite to argue how gude the et konomy is now?

Or the more ominous data that indicates economic recession or depression?

Or is it just a matter of spin the data one way or other to justify whatever BS they want and intend to do to keep the banksters, investors and traders happy with further handouts?

Is a dollar breakout imminent ? Sure looks similar to 2008 ...

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Maybe get a bit wider picture, like so:

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No QE3!!!! THANK GOD!!!

Stocks collapse after Bernanke's speech. No surprise there. Could today be the day? With Irene lurking, debt mounting, could today be the day to change the Watch to a Warning? We'll see... I'm still thinking they have a plan B here.

Originally posted by majesticgent
Stocks collapse after Bernanke's speech. No surprise there. Could today be the day? With Irene lurking, debt mounting, could today be the day to change the Watch to a Warning? We'll see... I'm still thinking they have a plan B here.

edit on 26-8-2011 by majesticgent because: (no reason given)

Shorts will cover, then there should be a substantial plunge in the afternoon.

I don´t think they have any meaningful plan B. They´re out of ammo, the system is way too big for them to handle.

There´s evidently some blood left in the bull.

The DJIA is up 150 points now and up a whopping 500 points for the week.

I´ll have to question the general strength of this move though. It seems to consist to a great part in pumping of big tech stocks, some of whom reside both in the DJIA and Nasdaq. Internals are less than convincing with 30 new highs and 200 new lows. Once the smoke settles the major trends in the next year should be dollar up and commodities and US stocks down.

Never depend on 'technicals' for stock market solutions.

The method to successful stock analytics is to study the individual economies from every angle then extrapoliate onto an immediate time frame of 6mths to a year and you would have a better idea of how the real economy is gonna go. And always remember - no mortal no matter how intelligent he is had ever been capable of forcasting even the next second of what another will do. Anticipate - yes, but foretell accurately - no, none, never nor ever will.

1. The spirit of humans is to never say die. Politicians may bicker, elites may steal, but the ordinary joe will just roll up his sleeve and find a job even if it takes months. No jobs, no survival and hell if he isnt gonna give it a try, one way or another. It's just the american way. And there lays the success of economies.

Once they work, economic output will produce and revenues earn. Even if humans stop working, resources on earth is still waiting to be tapped. No human will allow it to go to waste.

Thus, if the stocks collapsed, economic output will still happen, even if GDP drops a few notches.

With vacation time over for congress and in UK, stimulus plans with borrowed funds will be in placed, more so in USA. Tech and science had revolutionised our world, and will continue to do so in the near future. The value of such companies will rise, as it ventures into improving the productivity of resource management and output. Those who dont will die out a natural death.

Bank employees will lay off more staff. Most of them will be the financial bright lights. It is only to be expected. They made their choice instead of pursuing engineering careers or scientific endeavours. The warnings were sent long ago and writing had long been on the wall over banking careers. Their peers who did it are now far ahead of these banking quacks. But it is still not late for them to start again for they have the qualifications at least to try again,espacially with more funds comming from the gov in a matter of days soon.

The 'reset' switch had been pressed. Just a few more days of struggling and those whom are supposed to fall will fall soon, for they are too big to be saved. Govs ( representative of the PEOPLE) have no obligations to bail out free enterprise in a free market. Privatising profits while socializing debts had been proven a bad idea. It would be foolish to do it again.

The stock market is usually at a high just before being hit by a barrage of bad news. So, it accumulates the maximum amount of dumb money to the point when it´s most vulnerable. This has been very obvious in the last decade when stocks have plunged by 50% TWICE. Big money profits on both sides, long and short, trades and counter-trades. Most of these cyclical moves are managed by highly technical trading programs which milk this process to the hilt.

Bernanke's speech from Wyoming today....

Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference. This year's topic, long-term economic growth, is indeed pertinent--as has so often been the case at this symposium in past years. In particular, the financial crisis and the subsequent slow recovery have caused some to question whether the United States, notwithstanding its long-term record of vigorous economic growth, might not now be facing a prolonged period of stagnation, regardless of its public policy choices. Might not the very slow pace of economic expansion of the past few years, not only in the United States but also in a number of other advanced economies, morph into something far more long-lasting?...

More HERE

Finally, and perhaps most challenging, the country would be well served by a better process for making fiscal decisions. The negotiations that took place over the summer disrupted financial markets and probably the economy as well, and similar events in the future could, over time, seriously jeopardize the willingness of investors around the world to hold U.S. financial assets or to make direct investments in job-creating U.S. businesses. Although details would have to be negotiated, fiscal policymakers could consider developing a more effective process that sets clear and transparent budget goals, together with budget mechanisms to establish the credibility of those goals. Of course, formal budget goals and mechanisms do not replace the need for fiscal policymakers to make the difficult choices that are needed to put the country's fiscal house in order, which means that public understanding of and support for the goals of fiscal policy are crucial.
-B. Bernanke

www.federalreserve.gov...

Cut, Cap & Balance......you don't have to be a rocket scientist to figure this out. Why is it so hard for the Democrats to understand this? The super panel of our 12 most politically correct representatives will probably deadlock on this again. How many of them have a formal education in economics? Shouldn't we have people who are experts in economics make the decisions on our spending and additional taxes (revenue)? A balanced budget Amendment to our Constitution will be absolutely necessary because of political incompetence.

Current Market Snapshot, 8/30/11

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advisorperspectives.com...

reply to post by ontarff


Ther is no long-term economic growth

Originally posted by Agent_USA_Supporter
reply to post by ontarff

 

Ther is no long-term economic growth

I don't recall writing this. Are you quoting me or Bernanke?

Timeline:

Global Financial and Economic Crisis 2007-Present

www.historycommons.org...

Stocks have been doing alright the past week, until today. The jobs report for August came out today, and it showed no growth.

www.marketwatch.com...

WASHINGTON (MarketWatch) — As expected, the August nonfarm payrolls report was dreadful.

Heres US stocks at the moment

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And heres Europe

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World stocks, euro slide on recession worries

World stocks fell to a one-week low on Monday and the euro hit a three-week trough against the dollar as investors worried the U.S. jobs market may be beyond easy repair and Europe faced a series of risks that would reignite its debt crisis.

A week packed with political and legal challenges begins with the German Federal Constitutional court ruling on Wednesday on suits claiming Berlin is breaking German law and European treaties by contributing to multi-billion euro bailouts of Greece, Ireland and Portugal.

Data on Friday showed U.S. employment growth ground to a halt in August, sending Wall Street sharply lower. With the jobless rate stuck at 9 percent, President Barack Obama and the Federal Reserve are under pressure to provide more stimulus to aid the frail recovery.

"Jobs have been front and center of this whole recovery debate. The problem is that there simply hasn't been any meaningful jobs growth, which is precisely why markets are so worried about slipping back into recession. The authorities have thrown a lot of stimulus at the problem and to date, it's basically done nothing," said Ben Potter, strategist at IG Markets.

"One of the major reasons why markets are going to struggle to move higher any time soon is the fact that there simply isn't any clarity as to how and where these jobs may come from. Markets are realizing that there probably isn't a lot more authorities can do."

May as well monitor the markets again while they are challenged by recent and continuing data. So jobs growth in the US may be beyond easy repair? Or beyond repair more like it.