Nikkei dioing its best to catch the Dow.

[HereWeGo]

Down 535 points (3.86%) to close at 13,326.

Yikes. The Nikkei has taken it in the chops this year.

[Eugene]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a cold.

Hope no one here has any long positions in emerging markets.

[TheBreeze]

Dow futures down 222. It looks like the market is going to continue its descent on Monday.

[TheBreeze]

Dow futures down 222. It looks like the market is going to continue its descent on Monday.

[TheBreeze]

Dow futures down 222. It looks like the market is going to continue its descent on Monday.

[TheBreeze]

Dow futures down 222. It looks like the market is going to continue its descent on Monday.

[TheBreeze]

Dow futures down 222. It looks like the market is going to continue its descent on Monday.

[Coronita]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a

 

 

 

Well, i remember people posting here how they are selling their domestic stock and going completely international.  I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Mayer]

I think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.

I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.

[blackbox]

This is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic!

[blackbox]

This is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic!

[blackbox]

This is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic!

[blackbox]

This is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic!

[blackbox]

This is a fantastic time to dollar cost average into your 401K and IRas. If you have more than 15 years, the next two years will give a great boast to you retirement!.
Remember, not all at once. A little every month!
Buy low, sell high.
When oil was $10 a barrel, I bought oil drillers, and made fantastic returns. When everyone else is scared, that is when you buy, not when the market is hitting new highs.
We get on home buyers for buying near the peak, and yet, everyone on this string is talking about buying gold!
Fear will always screw you.
I plan to buy a place when home buying is Toxic!

[Mayer]

I think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.

I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.

[Mayer]

I think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.

I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.

[Mayer]

I think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.

I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.

[Mayer]

I think a few of those comments had more to do with hedging the falling dollar than saying that the world is immune from the U.S. market.

I’ve got a quarter of my portfolio in international stocks and waiting to take a beating. Tuesday will be interesting without a doubt.

[Coronita]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a

 

 

 

Well, i remember people posting here how they are selling their domestic stock and going completely international.  I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a

 

 

 

Well, i remember people posting here how they are selling their domestic stock and going completely international.  I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a

 

 

 

Well, i remember people posting here how they are selling their domestic stock and going completely international.  I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a

 

 

 

Well, i remember people posting here how they are selling their domestic stock and going completely international.  I didn't think the economy were complete disconnected, so it will be interesting to see how things play out.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Eugene]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a cold.

Hope no one here has any long positions in emerging markets.

[Eugene]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a cold.

Hope no one here has any long positions in emerging markets.

[Eugene]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a cold.

Hope no one here has any long positions in emerging markets.

[Eugene]

Hang Seng (Hong Kong) down 5.5%
Straits Times (Singapore) down 6.0%
Shanghai Composite down 5.1%
BSE 30 (India) down 8.1% (!)
RTS (Russia) down 3.8%
DAX (Germany) down 3.1%

AUD/JPY 92.4 and falling, approaching the August low (carry trade is unwinding)

Truly, when the United States sneezes, the rest of the world catches a cold.

Hope no one here has any long positions in emerging markets.

[Running Bear]

Something will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.

MY2Cents

[stockstradr]

Be scared. Be very scared.

Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.

We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.

[HereWeGo]

Gold is starting to wobble as well.

[stockstradr]

>> Gold is starting to wobble as well.

I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.

Today I’m buying gold in massive quantities across all my accounts.

I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.

The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.

[stockstradr]

>> Gold is starting to wobble as well.

I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.

Today I’m buying gold in massive quantities across all my accounts.

I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.

The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.

[stockstradr]

>> Gold is starting to wobble as well.

I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.

Today I’m buying gold in massive quantities across all my accounts.

I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.

The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.

[stockstradr]

>> Gold is starting to wobble as well.

I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.

Today I’m buying gold in massive quantities across all my accounts.

I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.

The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.

[stockstradr]

>> Gold is starting to wobble as well.

I was up early today thinking a lot about my next financial move. I decided to go with my instincts, and to fall back upon ancient rules of human behavior that have held true for thousands of years, in calm times, and in situations of total financial chaos.

Today I’m buying gold in massive quantities across all my accounts.

I believe this crisis will drive many to gold. Yes, the gold markets are rattled and moving under $870, but I’m not going to be rattled.

The play is gold. We are nearing a critical point where people are losing confidence in banks and in the dollar itself.

[HereWeGo]

Gold is starting to wobble as well.

[HereWeGo]

Gold is starting to wobble as well.

[HereWeGo]

Gold is starting to wobble as well.

[HereWeGo]

Gold is starting to wobble as well.

[stockstradr]

Be scared. Be very scared.

Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.

We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.

[stockstradr]

Be scared. Be very scared.

Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.

We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.

[stockstradr]

Be scared. Be very scared.

Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.

We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.

[stockstradr]

Be scared. Be very scared.

Markets are starting to see panic selling around the world. There is a chance tomorrow could be Black Tuesday for US markets. There is a slim but real chance we could have systemic collapse, freeze-up of the financial system.

We have now reached the point where my family will be today withdrawing money from our bank accounts and buying physical gold.

[Running Bear]

Something will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.

MY2Cents

[Running Bear]

Something will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.

MY2Cents

[Running Bear]

Something will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.

MY2Cents

[Running Bear]

Something will come out before the opening bell on Tuesday. Will be interesting to see what effect it has and if it lasts long. Be very careful if you are playing in this market gents.

MY2Cents

[Running Bear]

I don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

My2Cents

[HereWeGo]

I agree, Running Bear.

I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.

EEV is the ETF, but it may be a bit late.

[HereWeGo]

I agree, Running Bear.

I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.

EEV is the ETF, but it may be a bit late.

[HereWeGo]

I agree, Running Bear.

I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.

EEV is the ETF, but it may be a bit late.

[HereWeGo]

I agree, Running Bear.

I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.

EEV is the ETF, but it may be a bit late.

[HereWeGo]

I agree, Running Bear.

I thought emerging markets would fall in the first half, but not like this, not with this pace. Wow.

EEV is the ETF, but it may be a bit late.

[Eugene]

“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.

…

The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)

Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.

Germany is down 7% in one day.

[Eugene]

“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.

…

The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)

Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.

Germany is down 7% in one day.

[Eugene]

“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.

…

The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)

Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.

Germany is down 7% in one day.

[Eugene]

“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.

…

The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)

Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.

Germany is down 7% in one day.

[Eugene]

“Jan 21 (Reuters) – European shares fell sharply on Monday, wiping out more than $300 billion in market value in their biggest one-day slide since the Sept. 11, 2001 attacks, as fears of a U.S. recession sparked a broad-based sell-off.

…

The slide in these three national blue-chip indexes led to a loss in market capitalisation roughly equal to the combined gross domestic product of Ireland and Romania.” (ha ha)

Russia closed almost 8% down, Brazil is trading 6.9% down, so BRIC meltdown is complete.

Germany is down 7% in one day.

[Eugene]

We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

This market reminds me of August 07. Gold was falling too then.

[LA_Renter]

Does anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.

[davelj]

It would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.

[Anonymous]

I’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.

[Anonymous]

I’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.

[Anonymous]

I’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.

[Anonymous]

I’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.

[Anonymous]

I’d guess that we could see some sort of rate cut announcement by the fed before the market opens tomorrow, especially if world markets do poorly tonight as well.

[davelj]

It would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.

[davelj]

It would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.

[davelj]

It would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.

[davelj]

It would be nice if they just waited until the next regularly scheduled meeting on the 29th to give Wall Street the 75 bps it’s begging for. I know that’s asking a lot from a group of circus clowns that essentially bases its policies on Wall Street’s applause meter, but I dare to dream. But because waiting is probably the “right” thing to do, we will probably see the opposite – a “surprise” cut this week. The most profitable trading strategy of the last decade has been to “trade assuming the Fed will do the most irresponsible thing.” We’ll see if that trade is at the end of its rope or not. I’m cautiously optimistic.

[LA_Renter]

Does anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.

[LA_Renter]

Does anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.

[LA_Renter]

Does anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.

[LA_Renter]

Does anybody think the Fed will step in here?? They did in August when this same thing happened. If the negative futures hold through tomorrow am I expect some kind of Fed announcement.

[Eugene]

We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

This market reminds me of August 07. Gold was falling too then.

[Eugene]

We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

This market reminds me of August 07. Gold was falling too then.

[Eugene]

We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

This market reminds me of August 07. Gold was falling too then.

[Eugene]

We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

This market reminds me of August 07. Gold was falling too then.

[Running Bear]

I don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

My2Cents

[Running Bear]

I don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

My2Cents

[Running Bear]

I don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

My2Cents

[Running Bear]

I don’t like gold right now. We are in a bear market and there has been a lot of speculative money moved into gold looking for a quick buck. We are seeing gold drop because these speculators are having to liquidate investments to cover themselves. I would wait until total capitulation before getting into gold.

My2Cents

[Running Bear]

This is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.

My2Cents

[Aecetia]

Guns are better than gold.

[LA_Renter]

Interesting post on Lansner’s blog

“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon Lansner

U.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”

http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392

[stockstradr]

OK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.

[stockstradr]

OK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.

[stockstradr]

OK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.

[stockstradr]

OK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.

[stockstradr]

OK, you have convinced me to HOLD off on buying gold. Your arguments make sense. You helped me see it is probably wiser to let the precious metals market shake out those losses, then after it stabilizes, go in and buy gold.

[LA_Renter]

Interesting post on Lansner’s blog

“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon Lansner

U.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”

http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392

[LA_Renter]

Interesting post on Lansner’s blog

“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon Lansner

U.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”

http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392

[LA_Renter]

Interesting post on Lansner’s blog

“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon Lansner

U.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”

http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392

[LA_Renter]

Interesting post on Lansner’s blog

“Pimco’s McCulley calls for Fed cut ‘Now’
January 21st, 2008 · 1 Comment · posted by Jon Lansner

U.S. markets were closed but global anxiety clearly did not take the day off. As Reuters News put it …
U.S. stock index futures were sharply lower on Monday, as fears of a U.S. recession gripped investors, suggesting Wall Street will join a global equity markets plunge when they resume trading Tuesday. Volume was active in spite of the U.S. stock market being closed for the Martin Luther King Jr. Day holiday. The sell-off in futures tracked global equities losses, as the MSCI’s main index of world stocks hit its lowest level in over a year. If U.S. stocks open on Tuesday at the levels futures are indicating, it would push the market dangerously close to bear market territory — or a 20 percent drop from their peak in October.
That stirred me to email Fed watcher Paul McCulley at bond giant Pimco in Newport Beach, to see what he thought the Fed should do about what looks like a disastrous opening to U.S. markets Tuesday. The Fed’s interest-rate committee doesn’t officially meet until Jan. 30. He said …”

http://lansner.freedomblogging.com/2008/01/21/pimcos-mcculley-calls-for-fed-cut-now/#comment-45392

[Aecetia]

Guns are better than gold.

[Aecetia]

Guns are better than gold.

[Aecetia]

Guns are better than gold.

[Aecetia]

Guns are better than gold.

[Running Bear]

This is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.

My2Cents

[Running Bear]

This is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.

My2Cents

[Running Bear]

This is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.

My2Cents

[Running Bear]

This is the problem gents. If they cut now it is a clear panic move. Who here is going to all of a sudden jump into stocks because interest rates go down another .50 or even 1.00. They would have to flood the market with massive amounts of cash to try and defend this target rate. If there is a bounce it won’t last very long. However, what if the banks basically say no thank you and keep their lending rates up and don’t drop them. This is ugly and dropping rates at this point won’t change the negative fundamentals in the near term. We are at a point where wealth preservation is paramount. During the Savings and Loan blow up in the early 90’s banks were going under at a clip of 2 a day. If you don’t think some of these big banks could go under with the current situation you are wrong. Please protect yourselves.

My2Cents

[Author]

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