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U.S. stocks fell sharply and Treasuries rallied on Friday, with the Dow Jones Industrial Average tumbling triple-digits for a second session and posting its worst week since November 2011, as investors pulled money from emerging markets and other assets viewed as risky.
Bassago
reply to post by Hellas
Not to worry, if the Fed totally panics they'll really put the printing presses into overdrive and issue everyone a wheel barrel for grocery shopping. Well, maybe not the wheel barrel part.
ETA - Can I say "told you so" yet? Major Stock Market Crash In January
edit on 936pm2323pm32014 by Bassago because: (no reason given)
St Udio
keep posting updates to the market close...
it don't mean diddle squat
what is relevant ---> are gold/PM shorts and demand for physical metals which are in short supply in the (so secure) vaults
mmmmmm....
FissionSurplus
It was only a matter of time before this artificial inflation of the market would have to drop somewhat.
I feel sorry for the bagholders that bought in at these highs, only so those in the know could suddenly sell at a high and walk away with a profit, while they're in the red.
It will be worth watching this weekend as the other markets (esp. Asian) do their thing.
Metals are certainly worth watching, but they've been manipulated for so long, it's become a joke. A few guys in London meet twice a day to set the gold price, and once a day to set the silver price. Just a few guys, for the whole world's market. Insane!!
FissionSurplus
It was only a matter of time before this artificial inflation of the market would have to drop somewhat.
I feel sorry for the bagholders that bought in at these highs, only so those in the know could suddenly sell at a high and walk away with a profit, while they're in the red.
It will be worth watching this weekend as the other markets (esp. Asian) do their thing.
Metals are certainly worth watching, but they've been manipulated for so long, it's become a joke. A few guys in London meet twice a day to set the gold price, and once a day to set the silver price. Just a few guys, for the whole world's market. Insane!!
babybunnies
Bassago
reply to post by Hellas
Not to worry, if the Fed totally panics they'll really put the printing presses into overdrive and issue everyone a wheel barrel for grocery shopping. Well, maybe not the wheel barrel part.
ETA - Can I say "told you so" yet? Major Stock Market Crash In January
edit on 936pm2323pm32014 by Bassago because: (no reason given)
Must diversify my portfolio to include wheelbarrow manufacturers as a hedge against this .....
If indeed the market crashes after the smoke clears we may have a new electronic form of currency I predict.
Bassago
reply to post by Hellas
ETA - Can I say "told you so" yet? Major Stock Market Crash In January