Market Down 415

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Ned Flanders
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Market Down 415

Postby Ned Flanders » Wed Oct 15, 2014 12:36 pm

Free-fall

Stebben84
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Re: Market Down 415

Postby Stebben84 » Wed Oct 15, 2014 12:53 pm

Oil has been a negative factor for a market that has been jittery about slowing global growth and other factors, like worries about a broader Ebola scare.


http://www.cnbc.com/id/102087817

Gas prices go below $3/gallon — even here in southeast Wisconsin

There are 10 states with average gas prices below the $3 mark, according to AAA, and the average retail price for gas has dropped 20 cents a gallon in the last month.


Wait...What? I'm confused. Isn't this what we wanted? Oh fuck it...

Image

Ned Flanders
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Re: Market Down 415

Postby Ned Flanders » Wed Oct 15, 2014 1:17 pm

Due to ebola fears. That's on Obama.

penquin
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Re: Market Down 415

Postby penquin » Wed Oct 15, 2014 1:23 pm

At 1532ET today (Columbus Day - with half the market absent), someone - apparently having waited to see if the almost 'ubiquitous' 330pm Ramp would occur - decided it was time to dump three-quarters of a billion dollars notional of US equity market exposure in 1 second. The results of this forced liquidation (or utter disregard for fiduciary duty) were as follows...

A complete collapse of all liquidity in the S&P 500 e-mini futures contract - the world's most liquid equity exposure vehicle.

An instantaneous 9 point plunge in the S&P 500

And total chaos in the S&P 500 ETF (SPY) which saw offers below bids for what is hours to liquidity-providing HFTs (who appeared to step away for coffee)


http://www.zerohedge.com/news/2014-10-1 ... ion-stocks

Computerized trading is too prone to abuse and needs to be made illegal. Until then, anybody who doesn't have the ability to initiate a trade in milliseconds should stay out of the market and invest their money in places that have far better consumer safeguards...like casinos and horse tracks.

Stebben84
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Re: Market Down 415

Postby Stebben84 » Wed Oct 15, 2014 1:25 pm

Ned Flanders wrote:Due to ebola fears. That's on Obama.


Barack Obama stares at the new EBOLA-virus, created to infect the DNA of Christians and to destroy Jesus, so that a New Age of Liberal Darkness can rise in America.

Barack Obama has used genetics to manufacture the most powerful virus in the history of mankind. The virus is an evolved form of EBOLA, a deadly virus that causes the body to bleed to death in a week.

ebola obama virus
EBOLA virus seen in this slide spells out the world Obama. Christian scientists speculate that only those who get an injected cure for Ebola will get this marker in their blood, indicating they bowed before Obama to get the antidote.
According to sources, there is an antidote for the virus. The cure was tested at the CDC facility in Georgia this week, where an infected doctor has been nearly cured, against all odds.


http://christwire.org/2014/08/obama-is- ... -darkness/

penquin
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Re: Market Down 415

Postby penquin » Wed Oct 15, 2014 2:09 pm

In case you were wondering...Yes, you made me look.

Christwire is a satirical website that publishes blog-style articles that highlight excesses of American Christian conservatives along with obscure weather reportage, inaccurate and unfactual warnings about such things as politicians and video games, new vernacular, intense focus on various communities, and numerous parenting and lifestyle tips.

Like similar satirical websites, Christwire's stories have often erroneously been taken at face value


http://en.wikipedia.org/wiki/Christwire

Stebben84
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Re: Market Down 415

Postby Stebben84 » Wed Oct 15, 2014 2:15 pm

penquin wrote:In case you were wondering...Yes, you made me look.


I know it was satire. This thread was a joke from the beginning so I figured I'd add to Ned's asinine assumptions. He's about as legit as Christwire.

snoqueen
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Re: Market Down 415

Postby snoqueen » Wed Oct 15, 2014 2:45 pm

Back in the real world at this time the S&P 500 is down .76%, just in case anybody is wondering.

Stebben84
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Re: Market Down 415

Postby Stebben84 » Wed Oct 15, 2014 2:59 pm

snoqueen wrote:Back in the real world at this time the S&P 500 is down .76%, just in case anybody is wondering.


NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
OOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

We're all gonna die. :cry:

October is a month known for market panics, including the crashes of 1929 and 1987. Wednesday's action was nowhere near as bad as that. A mild market freakout could even be good news to anybody worried about a market bubble after a five-year-long rally. The Dow is still up 141 percent since March 2009. Your 401(k) is safe.


http://www.huffingtonpost.com/2014/10/1 ... 89288.html

kurt_w
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Re: Market Down 415

Postby kurt_w » Wed Oct 15, 2014 5:12 pm

No doubt Flanders will happily argue that

(a) Obama gets blamed for the market dropping 1% today,

and also

(b) Obama gets no credit for the market rising over 100% during his term in office.

That's because Flanders is only interested in the DPF (or IF, now) as a vehicle for his propaganda.
Last edited by kurt_w on Thu Oct 16, 2014 6:53 am, edited 1 time in total.

kurt_w
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Re: Market Down 415

Postby kurt_w » Thu Oct 16, 2014 6:52 am

Ned Flanders wrote:Free-fall [...] That's on Obama.


Image
Source

Note that the graph includes yesterday's "free fall".

Talon Newsman
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Re: Market Down 415

Postby Talon Newsman » Fri Oct 24, 2014 3:22 pm

I shudder to think how much farther the stock market has fallen in the last week or so under Obama.

I'm afraid to even look.

Steve Vokers
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Re: Market Down 415

Postby Steve Vokers » Fri Oct 24, 2014 6:09 pm

It's been a bloodbath this week. That damn Obama Ebola market is killing my retirement funds.

Wait, what was that you said?

Stocks end higher; S&P 500 nabs biggest weekly gain of year

NEW YORK (MarketWatch) -- U.S. stocks closed with solid gains Friday, handing the S&P 500 SPX, +0.71% its largest weekly advance of 2014. Investors shrugged off worries about New York's first Ebola case, which had weighed on U.S. stock futures. Sentiment got a lift from stronger-than-anticipated housing data and better-than-expected quarterly results from companies such as Procter & Gamble Co. PG, +2.32% The S&P 500 finished up 13.75 points, or 0.7%, to 1964.57, according to early data. The benchmark rose 4.1% for the week, snapping a four-week losing streak. The Dow Jones Industrial Average DJIA, +0.76% advanced by 127.51 points, or 0.8%, to close at 16,805.41 on Friday, according to early data. It gained 2.6% for the week, also halting a four-week losing streak.


Dammit, it must be some kind of trick. Some sort of jedi mind meld or something.

snoqueen
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Re: Market Down 415

Postby snoqueen » Fri Oct 24, 2014 6:10 pm

Short version: As of today the 5-day change in the S&P 500 is +4.12%.

I love it when the Fox network and its minions live in an entirely separate universe from the rest of us.

HawkHead
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Re: Market Down 415

Postby HawkHead » Thu Oct 30, 2014 4:30 pm

Market up 221 today and Ned doesn't start a thread about it.


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