Markets not happy

[J. J.]

Dow Futures now down 255.  It looks like we might be in for another sell off.

Man pin drop quiet on this thread today.  I kept rushing back to the computer to see if I missed anymore of the play by play.  Interesting.  No J.J. posts today... Hhhmmm.

Ah, you missed one from last night.

Dow Futures now down 255.  It looks like we might be in for another sell off.

Now down 155, so there is improvement.

I'm just reporting it.  Of course, we're still down by about 200 points, and gold is still moving up (though off its highs).

[J. J.]

I'm just reporting it.  Of course, we're still down by about 200 points, and gold is still moving up (though off its highs).

Oh, whew.  There you are.  I was beginning to suspect foul play.

Because I'm primarily looking at gold.

Bonds were down, right?

[J. J.]

Down again today.  I'd expect the Dow to be volatile for a while and at some point this year drop below 10,000.

[J. J.]

Down again today.  I'd expect the Dow to be volatile for a while and at some point this year drop below 10,000.

Thanks for the update.  What are US Treasuries doing after the S&P downgrade?

Really not important since we know where the money is coming from; the Dow is off 520 and gold is continuing to soar.

In all fairness, it is only down about 700 for the week.

[J. J.]

Down again today.  I'd expect the Dow to be volatile for a while and at some point this year drop below 10,000.

Thanks for the update.  What are US Treasuries doing after the S&P downgrade?

Really not important since we know where the money is coming from; the Dow is off 520 and gold is continuing to soar.

In all fairness, it is only down about 700 for the week.

Really not important?!  Yesterday you were curious what they were doing.  I wonder why you don't want to look at them anymore?  Hhhhmmm...

Bonds were down, right?

Not really important.  Money is leaving the stock market here; I don't know about troll-land.  We're seeing capital leave.  Long term, that is not good for the market and the economy.

Investors are moving their money into safer investments, bonds and gold. 

[J. J.]

Are US stock markets doing worse than the world average, JJ?
 

I'd have to look, but I don't think so.  I'm sure it is better than some.  The problem is, a lot of them are reflective.  After this crisis, that might not be the case.

Gold is the current indicator of international uncertainty.

[J. J.]

In some good news Dow Futures are only off 24.

[J. J.]

Now Dow Futures up 85. 

[J. J.]

Dow now up 145.

[J. J.]

Well, Futures were up. 

[J. J.]

Well back up, a bit, at 57.

[J. J.]

Dow up 143.

[J. J.]

Dow up just under 300.

[J. J.]

Care to comment, Link:

"The U.S. Treasury suffered its worst long bond auction in 2-1/2 years on Thursday as foreign investors shunned it in the wake of a damaging budget battle and downgrade to the credit standing of the United States."

http://www.reuters.com/article/2011/08/11/markets-bonds-idUSN1E77A17320110811

I just basically post running totals of numbers to get the feel of the market.

In this case, the Dow is currently up just under 400 points, so far.

Gold is down about 50, which means that, today, money is running into stocks.

[J. J.]

Care to comment, Link:

I just basically post running totals of numbers to get the feel of the market.

Might I suggest investing is scratch paper.  This is a forum not a notepad.

I like keeping track. 

I really can't take these types of swings too often. It's bringing back shades of 2008. Down 500 one day, up 500 the next. I don't know if this is people rushing to make a quick profit or the end of a correction.

Its not a good sign.  This type of volatility isn't good.   There is NO rationality in the market right now.  S&P downgrades us and then people pile out of stocks and into US Treasuries.  That makes no sense.  Why would you sell everything and buy the asset that was downgraded?  S&P screwed  up big time.  When they should have been making the right call on the mortgage backed securities they lied.  Now they are throwing grenades at the world market.

It make perfect sense.  People are looking for a safer haven than stocks.  S & P just showed that the Emperor's clothes had some holes in it, which it does.

For the economy to get better, people have feel comfortable with putting money back into the market, and corporations need to feel comfortable expanding.  Nothing in DC is making them feel better.  That is why you are seeing gold so high (and it needs a bigger correction than today).  If the market rises (probably next year) Treasury yields go up.

The volatility adds to that.

[J. J.]

Care to comment, Link:

I just basically post running totals of numbers to get the feel of the market.

Might I suggest investing is scratch paper.  This is a forum not a notepad.

I like keeping track.

And others who want to keep track are perfectly capable of doing so on their own.  Your spamming of this thread and the gold thread with the latest updates has reached the point that if I see you are latest one to post in them , I just hit the mark as read button and go on, for your signal to noise ratio in this board is so low as to be not worth reading.

I am tying to see, often times what the market is doing.  The interday, especially on days of high movements, can be significant, as it shows movement.

[J. J.]

Posting about breaking events on the proper board is not spamming.  These things are poll numbers, except they are ongoing.

[J. J.]

How else are we suppose to follow this on a week of literally historic volatility, not to mention, the record high gold prices?  Seriously. 

If the market moved 27 points yesterday, and 12 points today, there was no other economic news, there wouldn't be these posts.  I could understand saying we shouldn't comment on this on some other board, but this is economics.

Would you prefer separate threads each day? 

[J. J.]

How else are we am I suppose to follow this on a week of literally historic volatility, not to mention, the record high gold prices?  Seriously.

Fixed your post, and it's been pointed out several times how you can do so.  Indeed, you must be getting your numbers from such a place.  If you want to comment on the volatility, then comment on the volatility.  Simply spewing numbers without commentary is just spam.

But generally, not preserved. 

For some thing, like gold, I can, and have, posted.  I have not been able to find any for futures, for example. 

I looked at the thread on the Iowa debate; it's 27 pages, but they are posted almost live, basically almost as the stuff is happening.  It gives some impression of what's happening, as it is happening. 

If the future (no pun intended), we might look at some things and have a shot at determining where the markets are going. 

We've had one of the most volatile weeks ever.  I think it's reasonable to focus on it, for now at least.

[J. J.]

Have you ever heard of charts, JJ?

Yes, and because of the volatility, I'd have to post them repeatedly. 

Good Lord, this isn't like nothing much happened in the markets this week. 

We do this with any news story happening in real time. 

[J. J.]

I looked at the thread on the Iowa debate; it's 27 pages, but they are posted almost live, basically almost as the stuff is happening.  It gives some impression of what's happening, as it is happening. 

Even the most inane responses in that thread are at least providing some commentary that gives insight into what the poster is thinking.  All posting stock and gold index numbers does is increase your post count.

Frankly, I'm more interested in what is happening than what the poster is thinking.  On the gold tread, we've actually discussed some cultural differences that tend to make gold rise higher in Asia than in America.  (And you have me, on the day that gold goes up $50, there would be a correction coming, which we might be in at this point.)

We also have a polling thread that is a lot longer, and often might consist of a poll result, without commentary, or with minimal commentary.  Generally, we don't need to do that with economics, but at point, it seems useful.  I've been interested in if the futures can be a portent of the next day's trading.