FTSE tanking everywhere, lots of global markets getting hit

FeedbackLoop

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Quote from: Dr Bloggood on February 04, 2014, 07:10:26 AM

Blogs are not too good of a source for this, the more mainstream the source is, the better! What do daily newspapers, etc say? They were all very bullish just a short time ago.

+100

My impression is also that mainstream has been bullish for a couple of years with more alternative sources also calling a top for years (with a lot of people getting burned by that I assume)... when mainstream is fully bearish that is when you stop shorting/go long Grin

But perhaps more interesting than if markets go up or down is that, with fear back and all the QE BS a bit depleted, now economic news seem to matter again. Next interesting global data point: US factory orders at 10 EST.

Dr Bloggood

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Quote from: chessnut on February 04, 2014, 02:45:54 AM

Quote from: Lethn on February 04, 2014, 02:27:19 AM

To be honest, I didn't think it was going to happen so soon, my prediction was for a lot later but it looks like things were worse than I thought, either that or the federal reserve are going to yet again rush in and 'save' the day for awhile longer.

............Im digging around on news sites for sentiment.....and it seems like everyone is calling for a 'major top' in stocks. Well I dont know what to think about that because I think we are near one. what's the use of sentiment when you agree?

A trend in sentiment Ive seen on a lot of blogs goes something like 'death to the dollar' - swiftly followed by tapering. Everyone thinks the fed is bluffing and will keep printing. that is consistent with a crash in stocks....

maybe we should look to the reaction from this weeks NFP.

Blogs are not too good of a source for this, the more mainstream the source is, the better! What do daily newspapers, etc say? They were all very bullish just a short time ago.

Dr Bloggood

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Quote from: Lethn on February 04, 2014, 01:41:13 AM

Holy shit guys! It's getting much worse O_O S&P is taking a serious hit now too.

Yup, this is all looking very, very bad!

Usually, when things go down, they pull back up at least a little bit, but we had practically no upward movement. The point where this downward movement begins to feed on itself has been reached.

Even worse, the currencies of the emerging markets look horrible as well, and currencies don't lie. They are somehow linchpins for the economy, giving reliable signals. Although today currencies are looking better. Well, it can't always fall - especially something with as little volatility as currencies.

I expect a raise of QE at some point this year, and then the big question will be: Will that reverse be enough for the market to rise again (maybe even to new highs) and collapse later, or will the market have lost any confidence in the Fed by then and just accelerate its collapse?

I'm awaiting the reverse of QE and the answer of the market.

Lethn

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Quote from: spiderbrain on February 04, 2014, 04:14:07 AM

Quote from: Lethn on February 04, 2014, 03:33:13 AM

I'm working my arse off now so I can benefit from it and prepare Tongue

If you don't mind me asking, what's your strategy for benefiting from the chaos...?

It's a secret! ^_^

Just kidding, I have various altcoins in mind and I plan on buying Gold/Silver as well but obviously I need to make some money in order to do that.

spiderbrain

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Quote from: Lethn on February 04, 2014, 03:33:13 AM

I'm working my arse off now so I can benefit from it and prepare Tongue

If you don't mind me asking, what's your strategy for benefiting from the chaos...?

Lethn

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If we go by historical data there's always a sort of tipping point before a complete collapse of a hyperinflationary economy, it's just a question of when that point is which no one can really predict accurately, you can get close and there's always an absolute limit to this kind of thing but once the economy is finished there's a reason they call it a collapse because that's what happens, soon it won't matter how much central banks taper or print.

I don't know if we're they're yet, but these are certainly some major warning signs, I remember when the 2008 crash happened and the data all started looking like this which is why I'm working my arse off now so I can benefit from it and prepare Tongue

billyjoeallen

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Hide your women

Quote from: chessnut on February 04, 2014, 02:06:06 AM

Quote from: Lethn on February 04, 2014, 01:41:13 AM

Holy shit guys! It's getting much worse O_O S&P is taking a serious hit now too.

It has to come some time....
is this gonna cause a fast panic when it comes? there must be a lot of smart people with their finger on the trigger.

Yellen will reverse the taper if there is more than a 20% fall from the peak and maybe even before that. The money printers have their fingers on the triggers also.

chessnut

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Quote from: Lethn on February 04, 2014, 02:27:19 AM

To be honest, I didn't think it was going to happen so soon, my prediction was for a lot later but it looks like things were worse than I thought, either that or the federal reserve are going to yet again rush in and 'save' the day for awhile longer.

............Im digging around on news sites for sentiment.....and it seems like everyone is calling for a 'major top' in stocks. Well I dont know what to think about that because I think we are near one. what's the use of sentiment when you agree?

A trend in sentiment Ive seen on a lot of blogs goes something like 'death to the dollar' - swiftly followed by tapering. Everyone thinks the fed is bluffing and will keep printing. that is consistent with a crash in stocks....

maybe we should look to the reaction from this weeks NFP.

Lethn

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To be honest, I didn't think it was going to happen so soon, my prediction was for a lot later but it looks like things were worse than I thought, either that or the federal reserve are going to yet again rush in and 'save' the day for awhile longer.

chessnut

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Quote from: Lethn on February 04, 2014, 01:41:13 AM

Holy shit guys! It's getting much worse O_O S&P is taking a serious hit now too.

It has to come some time....
is this gonna cause a fast panic when it comes? there must be a lot of smart people with their finger on the trigger.

seriouscoin

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Quote from: MatTheCat on January 31, 2014, 10:19:54 PM

Quote from: BitcoinAshley on January 31, 2014, 08:24:26 PM

I read above that someone actually thinks the "privatization" (as they like to call it) of utilities the way it's done today is a realistic example of free markets and private industry. It's like when the state signs a contract with a "private prison" GUARANTEEING 90% capacity virtually regardless of performance. That is socialism, not privatization, just using the "P" word to describe it will not earn you any brownie points, sorry! Call it quasi-private if you will. If the state is involved, the initiation of violence is being used as an economic power and thus distorting the markets and natural incentivary mechanisms.

"Government will continue to deliver regardless of profits. A private company won't."

Exactly. You've just described the cause of most of the problems in the world today.

Government will continue to deliver regardless of profits, yes - and they will steal lots of money, drop lots of bombs, and shoot lots of people in order to do so.

*FACEPALM*

Jeeezus.

I thought I had you on ignore. Will soon sort that out but in the meantime......

....it is not 'governments' who decide to go to war, drop lots of bombs, and shoot lots of people...

......it is the powerful monetary and business interests behind them.

It is the 'free market' at work.

In a 'free' market, the Big Boys are free to push everyone else around however they see fit. It is what we call 'neo-liberalism' and if any one lesson can be learned from that it is that a powerful man's freedoms become the chains around 10 humble men's necks.

Hooray for unfettered free market liberalism.

*Facepalm* Indeed! Nothing worse than snottery nosed little wetbags who think they fkn know the score.

WOW the irony..... What a moron. Do you really have an ignore list? I bet you dont even know what ignorance mean you little shit.

Here.... welcome to my ignore.

Lethn

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Holy shit guys! It's getting much worse O_O S&P is taking a serious hit now too.

MatTheCat

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Quote from: billyjoeallen on February 02, 2014, 03:21:32 AM

Antisemitic Ad hom! you get double points for that. I think you've earned an honored spot on my highly exclusive "ignore" list. Congrats!

Boo hoo hoo hoo hoo.

I am on billyjoeallen's ignore list and now I won't get any more of his hair-brained worthless replies.

Such a sad day.

billyjoeallen

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Hide your women

Quote from: MatTheCat on February 01, 2014, 09:01:49 AM

Quote from: Lethn on February 01, 2014, 01:51:36 AM

You're a moron that doesn't even understand what a real free market is and yet again, the irony of it all is that you come onto a cryptocurrency forum which is designed to be a real free market to voice that opinion. Also what you're complaining about isn't called 'neo-liberalism' I don't know where you picked that up, it's called corporatism and has nothing to do with free markets, you're confusing a number of different ideologies with each other, probably a result of watching too much television.

You are Jewish and barely out of your teenage years (i.e. your brain has only just started to work but are burdened by the assumption that you possess wisdom beyond that of all other mortals)?

Am I right?

Do I win £10?

Antisemitic Ad hom! you get double points for that. I think you've earned an honored spot on my highly exclusive "ignore" list. Congrats!

redwraith

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Quote from: MatTheCat on February 01, 2014, 09:01:49 AM

Quote from: Lethn on February 01, 2014, 01:51:36 AM

You're a moron that doesn't even understand what a real free market is and yet again, the irony of it all is that you come onto a cryptocurrency forum which is designed to be a real free market to voice that opinion. Also what you're complaining about isn't called 'neo-liberalism' I don't know where you picked that up, it's called corporatism and has nothing to do with free markets, you're confusing a number of different ideologies with each other, probably a result of watching too much television.

You are Jewish and barely out of your teenage years (i.e. your brain has only just started to work but are burdened by the assumption that you possess wisdom beyond that of all other mortals)?

Am I right?

Do I win £10?

You win for exactly defining what an ad hominem attack is! Congratulations!

BitcoinAshley

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Quote from: Lethn on February 01, 2014, 01:51:36 AM

You're a moron that doesn't even understand what a real free market is and yet again, the irony of it all is that you come onto a cryptocurrency forum which is designed to be a real free market to voice that opinion. Also what you're complaining about isn't called 'neo-liberalism' I don't know where you picked that up, it's called corporatism and has nothing to do with free markets, you're confusing a number of different ideologies with each other, probably a result of watching too much television.

I agree. I didn't see his post because he's been on my ignore ever since I realized he litters his "arguments" with childish ad homs... but indeed, one of my most favorite ironies is people who confuse corporatism with the free market, YET are participating in cryptocurrencies which thwart central bank intervention, one of the central pillars of the state-run markets we have today.

MatTheCat

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Quote from: Lethn on February 01, 2014, 01:51:36 AM

You're a moron that doesn't even understand what a real free market is and yet again, the irony of it all is that you come onto a cryptocurrency forum which is designed to be a real free market to voice that opinion. Also what you're complaining about isn't called 'neo-liberalism' I don't know where you picked that up, it's called corporatism and has nothing to do with free markets, you're confusing a number of different ideologies with each other, probably a result of watching too much television.

You are Jewish and barely out of your teenage years (i.e. your brain has only just started to work but are burdened by the assumption that you possess wisdom beyond that of all other mortals)?

Am I right?

Do I win £10?

Dr Bloggood

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Quote from: tabnloz on January 31, 2014, 04:55:05 PM

Quote from: Dr Bloggood on January 31, 2014, 08:49:01 AM

I totally hear what you are saying!

I have been loosely expecting this since 2008, but watching very closely like a hawk since June 2013. For sure, we have never been so close to the edge before (since 2008). This feels very, very scary... if you are not invested in PMs and cryptos, ha ha ha!

Emerging market currencies falling strongly, and I have a very bad feeling about the stock market too. I can't believe the FED tapered, maybe they are really not that evil, but just simply plain stupid. Incredible and fascinating.

Look out for increased QE in 2014 for sure!

Quote from: spiderbrain on January 31, 2014, 07:05:38 AM

I am spending a little too much time looking at zerohedge at the moment, but it's kind of exciting watching this insane machine melt down.

+1

Just like Jim Rickards wrote in Currency Wars. Its a race to the bottom with everyone trying to devalue their currency more (even though their seem to be set rules for USD/EUR etc). From here (IIRC) eventually US exports inflation, emerging market economies cop it, currencies tank and we're looking at sovereign defaults.

Popcorn time.

The last couple of days have been suggesting that, yes.

I looked into Curreny Wars on Amazon - how does that big experiment from the first chapter(s) turn out, in the lab? Rickards seems like he knows a lot.

Lethn

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That's because you guys have money Tongue

the point is I can always mine crypto's at a fairly steady rate to get them whereas in order to really profit you have to sink quite a bit of cash in with commodities, I suppose it's true of anything you invest in, even crypto's, but it's far easier to break into the market, oh and then there's the fact that there's no government sponsored manipulation going on so it's much easier to trade.

SilverandBitcoins

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Quote from: Lethn on January 31, 2014, 06:38:06 AM

Gold and Silver are another option but crypto's are more realistic for someone like me because it's very expensive to get into those commodities, but basically owning anything that has actual value, I suspect even grain and livestock is going to appreciate at one point because there will be so much panic it will be the equivalent of a city being under siege.

It's very expensive to get into gold and silver? You can buy silver mercury dimes at a coin dealer for about $1.50 each. Or, if you can manage, you can buy a 1/10th oz. gold American Eagle coin for around $130. I don't understand how that is more expensive then crypto currencies.

Topic: FTSE tanking everywhere, lots of global markets getting hit (Read 3974 times)