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Stock Market Crash! (merged) Pt. 11

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 11

Unread postby StarvingLion » Wed 20 Nov 2019, 12:36:19

Cog's favorite stock T is collapsing as we speak...

AT&T Stock Falls On Downgrade, Entertainment
Group Called A Cancer

T down 4% today...has been collapsing for the past week.

Cog's other favorite stock Ford is also collapsing as it is clearing out stock with huge discounts.

Conclusion: Cog is a fucking dimwit.

HAHAHAHAHAHAHA...
Cog is dumb
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby shortonoil » Wed 20 Nov 2019, 13:01:09

Don’t you think they’ve used some pretty extraordinary measures to stop the 2008 crash? I personally don’t think they have the ammo to stop this one. It’s going to be QE and printing like we’ve never seen before.


Unless the IMF has just been making these number up for the fun of it, the FED is going to get run over like a dead lawyer in the road. The CB will be taking on $48 trillion in additional debt just this coming year! Like Peak Oil they are trying to ignore it! Maybe it will just go away? It is getting ever more difficult to tell the difference between unconscious, and just plain stupid.

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Re: Stock Market Crash! (merged) Pt. 11

Unread postby marmico » Wed 20 Nov 2019, 13:29:51

Yo, Bozo Bedford, formerly known as ETP Bozo. For the second time, fix your global debt chart or STFU.

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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Outcast_Searcher » Wed 20 Nov 2019, 13:38:09

marmico wrote:Yo, Bozo Bedford, formerly known as ETP Bozo. For the second time, fix your global debt chart or STFU.

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Thanks for providing a sane counterpoint, re the debt accumulation.

Given his lack of ANY movement on fixing ANY of his false claims, sadly, I wouldn't expect any results. For example, he's completely ignored the core issue of ignoring about 6 decades of inflation re the MAP aspect of his "oil is becoming unaffordable" claim for the ETP economic "doom" theory he has promulgated here for years.

But of course, he's more educated than anyone else, so he's exempt from credibility requirements mere mortals must put up with. :roll:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Outcast_Searcher » Wed 20 Nov 2019, 15:39:23

shortonoil wrote: Unless the IMF has just been making these number up for the fun of it, the FED is going to get run over like a dead lawyer in the road. The CB will be taking on $48 trillion in additional debt just this coming year! Like Peak Oil they are trying to ignore it! Maybe it will just go away? It is getting ever more difficult to tell the difference between unconscious, and just plain stupid.

Speaking of just plain stupid, so many random claims of $4X trillion in additional debt short term by you.

ZERO credible citations.

Par for the course for you.

Congrats for such great financial reporting. :roll:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Wed 20 Nov 2019, 19:08:23

US NATIONAL DEBT SPIKED BY $1.3 TRILLION IN 12 MONTHS, TO $23 TN


Imagine what it’s going to be when this recession/depression sets in. Mind boggling.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Cog » Wed 20 Nov 2019, 19:17:30

Att stock, even after yesterday's pullback is still up $7/Share from January. T stock has outperformed the S&P 500 this year. I'm digging it. Time to buy more.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Outcast_Searcher » Wed 20 Nov 2019, 20:29:23

US housing starts rebound; building permits at highest level in over 12 years


U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.

The report from the Commerce Department on Tuesday also showed an increase in home completions and the stock of homes under construction, which could help to ease a supply squeeze that has plagued the housing market.

https://www.cnbc.com/2019/11/19/us-hous ... ected.html

Not sure how the doom patrol spins this into more "crash" news. :roll:

As I keep saying, the economy is very much mixed, and much of the short term market gyration is on rumors/news re trade deals, as was the case today in fact.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Wed 20 Nov 2019, 20:29:46

Cog wrote:Att stock, even after yesterday's pullback is still up $7/Share from January. T stock has outperformed the S&P 500 this year. I'm digging it. Time to buy more.




Futures Slide After House Joins Senate In Landslide Vote Backing Hong Kong Protesters; Trump Expected To Sign Bill

This doesn’t sound good for US/China relations and a trade deal. This will not be good for stocks.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Outcast_Searcher » Wed 20 Nov 2019, 20:33:20

Armageddon wrote:
Cog wrote:Att stock, even after yesterday's pullback is still up $7/Share from January. T stock has outperformed the S&P 500 this year. I'm digging it. Time to buy more.




Futures Slide After House Joins Senate In Landslide Vote Backing Hong Kong Protesters; Trump Expected To Sign Bill

This doesn’t sound good US/China relations and a trade deal. This will not be good for stocks.

Given your record re short term market calls (or longer term, for that matter), shouldn't you get a more meaningful hobby?
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Cog » Wed 20 Nov 2019, 20:39:38

Armageddon is betting those silver bars, that he is so proud of fondling, will someday have value.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Wed 20 Nov 2019, 20:42:17

Called rate cuts when you and the stooges called rate hikes

Called more QE when you and the stooges said no

Called for declining GDP when you and the stooges said no


Looks like I’m kicking your asses
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Wed 20 Nov 2019, 21:01:22

U.S. Relations With China Were Just Destroyed, And Nothing Will Ever Be The Same Again

Our relationship with China just went from bad to worse, and most Americans don’t even realize that we just witnessed one of the most critical foreign policy decisions of this century. The U.S. Senate just unanimously passed the “Hong Kong Human Rights and Democracy Act of 2019”, and the Chinese are absolutely seething with anger. Violent protests have been rocking Hong Kong for months, and the Chinese have repeatedly accused the United States of being behind the protests. Whether that is true or not, the U.S. Senate has openly sided with the protesters by passing this bill, and there is no turning back now.


http://theeconomiccollapseblog.com/arch ... same-again



This is bad, really bad.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Thu 21 Nov 2019, 09:56:51

It's a weak economy that's more instrumental in driving the market higher because the weak economy keeps the Fed in play. It keeps quantitative easing in play. It keeps interest rates going down.


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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Cog » Thu 21 Nov 2019, 11:11:22

LOL. Weak economies do not drive the stock market higher. I think Armageddon has had a stroke due to overdosing on doom.

Doomer logic. The market is up, we are doomed. The market is down we are doomed.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Thu 21 Nov 2019, 12:43:53

Cog wrote:LOL. Weak economies do not drive the stock market higher. I think Armageddon has had a stroke due to overdosing on doom.

Doomer logic. The market is up, we are doomed. The market is down we are doomed.



So we have:

Manufacturing in contraction
Service sector contracting
GDP near zero
3 rate cuts... and counting
QE

And the stock market is at all time and you think that’s normal?


We have a population full of blind sheep and they love it.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Armageddon » Thu 21 Nov 2019, 14:09:28

U.S. leading indicators fall third straight month, adding more evidence of slowing economy

https://www.marketwatch.com/amp/story/g ... ssion=true
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Outcast_Searcher » Thu 21 Nov 2019, 15:02:25

Armageddon wrote:Called rate cuts when you and the stooges called rate hikes

Called more QE when you and the stooges said no

Called for declining GDP when you and the stooges said no


Looks like I’m kicking your asses

The delusion is strong in this one. It thinks if it rants enough, that makes things true. :lol:

For example, the GDP is still advancing, but he claims it's declining. Despite being corrected MANY MANY times on this by a number of folks. Similar to how he claims every minor twitch to the downside is a "crash".

How does he keep that much inanity and incompetence in one fat head?
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Yoshua » Thu 21 Nov 2019, 15:46:45

"The debt is growing faster than the economy. It's as simple as that. That is by definition unsustainable. And it is growing faster in the United States by a significant margin."

– Jerome Powell, Chair of the Federal Reserve – Nov. 2019

Nothing to worry about. The debt will soon grow by an even more significant margin when the economy goes into contraction.
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Re: Stock Market Crash! (merged) Pt. 11

Unread postby Yoshua » Thu 21 Nov 2019, 15:54:35

"MAJORITY OF U.S. SENATE VOTES FOR BILL TO FUND FEDERAL GOVERNMENT THROUGH DEC. 20; VOTING CONTINUES"

U.S government runs out of money tomorrow.
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