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Asian Markets Down Big . . .

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Re: Asian Markets Open Down Big

Unread postby Heineken » Sun 05 Oct 2008, 22:45:57

I think seismic changes are under way that no one understands. Something about the growing scarcity of gold combined with its falling price tells me that. That's wacko, but it's happening. All commodities are falling like stones, synchronously around the globe. That's a very dangerous sign.

Basically, America just got knocked off its pedestal. It's no longer no. 1. The problem is, nobody else is either. So we have a wild game of moving chairs from here on out.
Last edited by Heineken on Sun 05 Oct 2008, 22:47:50, edited 1 time in total.
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Re: Asian Markets Open Down Big

Unread postby Jotapay » Sun 05 Oct 2008, 22:45:59

$this->bbcode_second_pass_quote('nobodypanic', '')$this->bbcode_second_pass_quote('Cashmere', ' ')Where else are you going to put your money?


canned beans, shotgun shells, and bullets.

or am i just being overly paranoid? well F it, that's what i am going to do.


The Jotapay investment strategy: ammo, PMs, cash, skills, land, food.

I'm currently taking an EMT/EMS regimen at the local community college and learning gardening, to add to my natural science and IT background. EMS may be a useful thing to have in the future.

I have all the others taken care of.
Last edited by Jotapay on Sun 05 Oct 2008, 22:49:11, edited 1 time in total.
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Re: Asian Markets Open Down Big

Unread postby Roccland » Sun 05 Oct 2008, 22:46:33

$this->bbcode_second_pass_quote('nobodypanic', '')$this->bbcode_second_pass_quote('Cashmere', ' ')Where else are you going to put your money?


canned beans, shotgun shells, and bullets.

or am i just being overly paranoid? well F it, that's what i am going to do.


Seems like a good plan to me.
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Re: Asian Markets Open Down Big

Unread postby smallpoxgirl » Sun 05 Oct 2008, 22:57:38

$this->bbcode_second_pass_quote('sicophiliac', 'W')ell 3-4% isn't that extreme of a drop but considering its on the heels of the passage of the big old save the day bail out bill its troubling.
The more I think about it, it's pretty obvious what happened in the market last week. There were big players trying to sell big positions last week. How do they do that? They can't just dump 100,000 shares of stock on the market because the price will tank. The standard ploy for one of those guys is to buy some of the stock, try to get a little rally going and then sell into that hoping the rally will absorb their sales without the price falling excessively. Well, if you were a big player looking to sell out last week, when would you do that? It was pretty obvious that the market was going to rally following passage of the bailout on Monday, so you'd try to sell into that rally. Well, the act failed. Between the big players that were already into their selloff and the reaction to Congress, the market tanked big. Friday afternoon, same game. Run the market up in the morning, sell into the rally in the afternoon. The big players selling overwhelmed the bailout rally and the market actually fell.

There's a couple of explanations for why they would be liquidating, probably both with some truth. 1: The big players are expecting a significant bear market coming up for stocks 2: They needed to liquidate in preparation for the Fannie/Freddie CDS settlement on Monday night.
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Re: Asian Markets Open Down Big

Unread postby Jotapay » Sun 05 Oct 2008, 22:59:54

Did the NIKKEI stop trading?? It has flatlined for like 30 minutes.
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Re: Asian Markets Open Down Big

Unread postby eastbay » Sun 05 Oct 2008, 23:01:32

$this->bbcode_second_pass_quote('Jotapay', 'D')id the NIKKEI stop trading?? It has flatlined for like 30 minutes.


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Re: Asian Markets Open Down Big

Unread postby Rubin_Flagg » Sun 05 Oct 2008, 23:09:18

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('sicophiliac', 'W')ell 3-4% isn't that extreme of a drop but considering its on the heels of the passage of the big old save the day bail out bill its troubling.
The more I think about it, it's pretty obvious what happened in the market last week. There were big players trying to sell big positions last week. How do they do that? They can't just dump 100,000 shares of stock on the market because the price will tank. The standard ploy for one of those guys is to buy some of the stock, try to get a little rally going and then sell into that hoping the rally will absorb their sales without the price falling excessively. Well, if you were a big player looking to sell out last week, when would you do that? It was pretty obvious that the market was going to rally following passage of the bailout on Monday, so you'd try to sell into that rally. Well, the act failed. Between the big players that were already into their selloff and the reaction to Congress, the market tanked big. Friday afternoon, same game. Run the market up in the morning, sell into the rally in the afternoon. The big players selling overwhelmed the bailout rally and the market actually fell.

There's a couple of explanations for why they would be liquidating, probably both with some truth. 1: The big players are expecting a significant bear market coming up for stocks 2: They needed to liquidate in preparation for the Fannie/Freddie CDS settlement on Monday night.


The auction is driving things...but its all screwed. Its all going down.
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Re: Asian Markets Open Down Big

Unread postby Eli » Sun 05 Oct 2008, 23:14:46

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('sicophiliac', 'W')ell 3-4% isn't that extreme of a drop but considering its on the heels of the passage of the big old save the day bail out bill its troubling.
The more I think about it, it's pretty obvious what happened in the market last week. There were big players trying to sell big positions last week. How do they do that? They can't just dump 100,000 shares of stock on the market because the price will tank. The standard ploy for one of those guys is to buy some of the stock, try to get a little rally going and then sell into that hoping the rally will absorb their sales without the price falling excessively. Well, if you were a big player looking to sell out last week, when would you do that? It was pretty obvious that the market was going to rally following passage of the bailout on Monday, so you'd try to sell into that rally. Well, the act failed. Between the big players that were already into their selloff and the reaction to Congress, the market tanked big. Friday afternoon, same game. Run the market up in the morning, sell into the rally in the afternoon. The big players selling overwhelmed the bailout rally and the market actually fell.

There's a couple of explanations for why they would be liquidating, probably both with some truth. 1: The big players are expecting a significant bear market coming up for stocks 2: They needed to liquidate in preparation for the Fannie/Freddie CDS settlement on Monday night.



Actually they were selling before it passed when the Dow was up 300 points.

The fall in gold and commodities comes down to the shortage of dollars right now. Banks are hoarding dollars and they are desperate for more. To get the dollars they are selling everything they have, these firms made a killing of the run up in all the commodities, They are selling off those profitable positions in an effort to raise dollars.

Transactions are settled in dollars, not gold, and not oil.

Gold will trend down until things bottom, then once lending begins again it will likely come from naked printing then gold will rocket back up.
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Re: Asian Markets Open Down Big

Unread postby the48thronin » Sun 05 Oct 2008, 23:23:04

$this->bbcode_second_pass_quote('sicophiliac', 'W')ell 3-4% isn't that extreme of a drop but considering its on the heels of the passage of the big old save the day bail out bill its troubling. I would be more patient with the dollars fall though, once this bail out doesn't pan out you can bet there will be talks of another one. Eventually things might start to stabilize in the credit markets but only on an inflationary note. Basically I think they will put some much money into the financial system that the economy will probably bounce back again but it'll probably be hyper inflationary. Oil will bounce back stronger than even, the commodities boom will roar back in general and yes the dollar will crash.


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Re: Asian Markets Open Down Big

Unread postby joeltrout » Sun 05 Oct 2008, 23:24:58

$this->bbcode_second_pass_quote('Cashmere', '
')You know Joel, I fundamentally like you, but you strike me somewhat as a big apple-pie up his ass flag waver.

Is that true?

Do you have a 25 foot pole and flag in a nicely groomed circle of mulch in front of your house, complete with little light pointing up?

Do you think that America is the greatest country in the world?

The reason I ask is that, for being a PO aware guy, you seem to take many positions that I would view as Patriot Joe Six Pack positions.

?


No flag pole or flag flying.

I consider myself PO aware however I don't expect PO to really start affecting us for another 5 years minimum especially with the financial chaos taking place. I still believe demand destruction will stall the full affects of PO for many years and this is only escalating it.

I will always consider America the greatest nation. If I don't believe that then I will move to whatever nation I think is the greatest.

I am young and probably very naive. Luckily preps come natural to my family but not as PO preps or end of world preps. We just viewed it as being prudent people to always have a veg garden, store some PMs, and we grew up hunting and fishing for food. Ranching has also been part of the family for over 100 years so the biggest investment (land) has taken care of in the late 1800s and never left the family.

All that said, the financial markets crashing is currently more of a factor than PO in my mind.

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Re: Asian Markets Open Down Big

Unread postby Eli » Sun 05 Oct 2008, 23:35:26

Agreed, a total global financial meltdown will really slowdown the effects of PO.

But just imagine a world in the grips of a depression waking up to the fact that PO is now killing everything again. 8O

damn, I just scared myself.

How much investment and research is going to go into new tech, when the world is in a GD 2?
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Re: Asian Markets Open Down Big

Unread postby frankthetank » Sun 05 Oct 2008, 23:39:54

Can we just rewind a month...this is just going to fast for my gentle brain :)

Cashmere-

I saw a lady just like your avatar at WalMart tonite (dead serious). I was getting some smoked turkey from the deli and i just happened to turn my head and i saw her...she had on a miniskirt (dead serious). What i saw will haunt me until the day i die...
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Re: Asian Markets Open Down Big

Unread postby Daniel_Plainview » Sun 05 Oct 2008, 23:46:58

$this->bbcode_second_pass_quote('frankthetank', '
')Cashmere-

I saw a lady just like your avatar at WalMart tonite (dead serious). I was getting some smoked turkey from the deli and i just happened to turn my head and i saw her...she had on a miniskirt (dead serious). What i saw will haunt me until the day i die...


Please provide photo!
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Re: Asian Markets Open Down Big

Unread postby Eli » Sun 05 Oct 2008, 23:51:52

I have to say that fat people forced to ride around in scooters so they can feed their fat asses is a pathetic example of what is wrong with the US.

Nothing quite as pathetic as watching a morbidly obese man use his reaching stick to pull case of muffins off the shelve into his over flowing cart.
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Re: Asian Markets Open Down Big

Unread postby jdmartin » Mon 06 Oct 2008, 00:00:58

$this->bbcode_second_pass_quote('Eli', 'I') have to say that fat people forced to ride around in scooters so they can feed their fat asses is a pathetic example of what is wrong with the US.

Nothing quite as pathetic as watching a morbidly obese man use his reaching stick to pull case of muffins off the shelve into his over flowing cart.


:lol: You know, I try not to be too judgemental, but that really bugs the shyte out of me as well. As George Costanza said, "Shaving your head when you've got hair is like riding around in a wheelchair for the fun of it". Those scooters should be for real disabled people, not fat lazy bastards.

And Frank, I've seen the same woman down here, probably in our local wallyworld. Ugh!
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Re: Asian Markets Open Down Big

Unread postby Cashmere » Mon 06 Oct 2008, 00:10:51

$this->bbcode_second_pass_quote('Eli', 'I') have to say that fat people forced to ride around in scooters so they can feed their fat asses is a pathetic example of what is wrong with the US.

Nothing quite as pathetic as watching a morbidly obese man use his reaching stick to pull case of muffins off the shelve into his over flowing cart.


Damn Eli, that was awesome! Flat out awesome!

To the guy who saw the woman: dude, no pic? Damn man, I could have had a unique avatar. No love for Cashmere?

To Joel Trout, who wrote, "I will always consider America the greatest nation."

Joel, I still like you, but that really explains a lot to me. Your "faith" in the market 3 months ago is being caused by the excess apple pie in your alimentary canal. When you get a few years older, and you pass it, or when America ceases to exist, you'll swing much further toward my position.

"Love of country" is a gimmick to get people to conform and behave.

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Re: Asian Markets Open Down Big

Unread postby frankthetank » Mon 06 Oct 2008, 00:12:44

Isn't a rate cut in the cards this week? Drop it to 0 and get it over with!

No pictures, it would've broke the lens.

I watched probably 20 episodes of Seinfeld over the weekend...that show is still 10x then anything on the air today. Larry David is a genious.

Its true about what is wrong with this country. Greed and over consumption. Its amazing how obese this state (country) has become. These people could go a month without eating and they would still be overweight.
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Re: Asian Markets Open Down Big

Unread postby Roccland » Mon 06 Oct 2008, 00:12:55

"down big"

3%

Uh-huh

Wake me up when there is some real news to post cashless
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Re: Asian Markets Open Down Big

Unread postby dohboi » Mon 06 Oct 2008, 00:21:23

SPG, isn't this just a classic case of "buy on the rumor, sell on the news"?

I'm a bit surprised to hear so many on this forum (of all place) say that the financial maelstrom is clouding or delaying effects of PO.

Does no one else think that what we are seeing is exactly what has long been predicted more or less as the result of PO?

All these wild and crazy financial shenanigans, from ARMs for McMansions in the exurbs to CDS's leveraged up the wazoo were surely made possible and fostered by the giddiness of peak and just-pre-peak maximum availability of the energy of cheap oil, and attempts to paper over the beginnings of the end with credit games.

Sustained oil prices many times the long-term average is driving the nail of reality slowly into the skull of the financial markets that there can be no expectation of increased returns on investments in an increasingly energy constrained world. The whole system is surely facing a kind of existential crisis, staring into the abyss as into a mirror.

Does no one else share anything like this analysis even on the threads of this PO forum?
Last edited by dohboi on Mon 06 Oct 2008, 00:32:46, edited 1 time in total.
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Re: Asian Markets Open Down Big

Unread postby idiom » Mon 06 Oct 2008, 00:24:54

Quarter Earnings....

Energy + 50%
Financials - 63%

Where is Peak Oil being clouded?
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