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Stock Market Crash! (merged) Pt. 6

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 6

Unread postby Yoshua » Fri 24 May 2019, 11:47:05

WTI

A breakdown from trendline...a retest...a rejection...and now comes the crash?

https://pbs.twimg.com/media/D7QPsaAWsAE ... name=large
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Fri 24 May 2019, 12:01:28

Durable Goods Orders Tumble In April As Boeing Blowback Begins


Is there anything not declining?
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Plantagenet » Fri 24 May 2019, 12:08:14

Armageddon wrote:Is there anything not declining?


The stock market.
"Its a brave new world"
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Fri 24 May 2019, 12:20:51

Plantagenet wrote:
Armageddon wrote:Is there anything not declining?


The stock market.



That shows you the disconnect between the real economy and the markets. Probably go up even higher with this upcoming rate cut and more QE. The markets are all they care about.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Fri 24 May 2019, 14:48:16

JP Morgan slashes second-quarter GDP forecast to just 1%


Brutal
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Fri 24 May 2019, 19:23:48

Its crazy, but all this seriously bad economic news makes me bullish. It virtually guarantees a rate cut and more QE- what the President has pleaded for repeatedly. Sadly, what is left of the middle class will have no choice but to continue to subsidize the stock market.

Gregory Manorino

I 100% agree with Gregory
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Fri 24 May 2019, 21:41:15

https://m.youtube.com/watch?v=BXJ1Xvmun80


Holy momma. Watch if you dare.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby asg70 » Fri 24 May 2019, 21:52:33

Armageddon wrote:That shows you the disconnect between the real economy and the markets. Probably go up even higher with this upcoming rate cut and more QE. The markets are all they care about.


Thread title is Stock Market Crash! Stock...Market.

So, um....

where's the crash?

Image
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sat 25 May 2019, 09:18:57

asg70 wrote:
Armageddon wrote:That shows you the disconnect between the real economy and the markets. Probably go up even higher with this upcoming rate cut and more QE. The markets are all they care about.


Thread title is Stock Market Crash! Stock...Market.

So, um....

where's the crash?

Image



In case you haven’t been paying attention, which is nothing new, we have been using this thread as an economic thread also. I wish the OP would add economic crash to the title.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Cog » Sat 25 May 2019, 12:17:18

@Armageddon

Perhaps you should start your own doomer economic thread that no one will read or post in except for doomers. So far you doomers haven't predicted dick concerning the stock market.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Outcast_Searcher » Sat 25 May 2019, 13:22:51

Armageddon wrote:Durable Goods Orders Tumble In April As Boeing Blowback Begins

Is there anything not declining?

Orders decrease somewhat: 2.1% vs. the 2.4% expected by economists - re some context.

This is largely due to concerns about Boeing, and concerns about a trade war.

https://www.marketwatch.com/story/durab ... 2019-05-24

If there's the slightest blip down, you act like it's terrible. Of course, as a false prophet of doom who lives by misleading and cherry picking and constantly forecasting economic doom and almost always being wrong, that's right in your wheelhouse.

While you're panicking about a slight decrease, why not mention that it's from recent adjusted record highs since 1959? (The Fed had 60 years of data in the chart I got from a quick google search).

Oh yes, because as usual, with a little context and balance, your scare mongering isn't scary. Same as it ever was.

https://fred.stlouisfed.org/series/PCEDG
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. 6

Unread postby Outcast_Searcher » Sat 25 May 2019, 13:25:45

Armageddon wrote:
asg70 wrote:
Armageddon wrote:That shows you the disconnect between the real economy and the markets. Probably go up even higher with this upcoming rate cut and more QE. The markets are all they care about.


Thread title is Stock Market Crash! Stock...Market.

So, um....

where's the crash?

Image



In case you haven’t been paying attention, which is nothing new, we have been using this thread as an economic thread also. I wish the OP would add economic crash to the title.

He's got nothing. This thread should have been closed long ago, as several have stated, since it's claims of a crash starting in the fall were completely wrong (it was a small correction).

But he can jingle keys and cherry pick. He's always got that. Oh, and falsely claim he can make good economic predictions frequently.
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. 6

Unread postby onlooker » Sat 25 May 2019, 14:15:37

Hey Deniers we can go back and forth as we have now for years related to financial matters but wrong predictions does not change the bleak outlook
https://www.cnbc.com/2019/05/23/nearly- ... ities.html

"Nearly 25% of Americans are going into debt trying to pay for necessities like food"
"We are mortal beings doomed to die
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sat 25 May 2019, 15:18:51

onlooker wrote:Hey Deniers we can go back and forth as we have now for years related to financial matters but wrong predictions does not change the bleak outlook
https://www.cnbc.com/2019/05/23/nearly- ... ities.html

"Nearly 25% of Americans are going into debt trying to pay for necessities like food"



These cornies have no idea what’s coming
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby shortonoil » Sat 25 May 2019, 15:19:56

The market fell 21% which put it into a bear market. It did a bear bounce, and is still below its high. That is a good approximation of a crash, and the bond market is falling through the floor. That is called a crash in progress. Anyone with the common sense of a Teste fly is worried about making the payments on the house, the car, the student loans, the credit cards, and their job. Idiots are spending 16 hours a day, six days a week blogging nonsense on the internet.

The world economy is falling apart slowly for now, but steadily. Just because the stock market has been slow to notice, does not mean that it won't.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Sat 25 May 2019, 16:10:39

shortonoil wrote:The market fell 21% which put it into a bear market. It did a bear bounce, and is still below its high. That is a good approximation of a crash, and the bond market is falling through the floor. That is called a crash in progress. Anyone with the common sense of a Teste fly is worried about making the payments on the house, the car, the student loans, the credit cards, and their job. Idiots are spending 16 hours a day, six days a week blogging nonsense on the internet.

The world economy is falling apart slowly for now, but steadily. Just because the stock market has been slow to notice, does not mean that it won't.



QE4 and rate cuts coming
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby KaiserJeep » Sat 25 May 2019, 16:23:22

I suppose by "Teste fly" Shorty is talking about the African Tsetse Fly, because "testes" is the plural of "testis", meaning gonads.

Funny. :mrgreen:
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby asg70 » Sun 26 May 2019, 06:46:32

Armageddon wrote:In case you haven’t been paying attention, which is nothing new, we have been using this thread as an economic thread also.


I think you mean ABUSING this thread. I've flagged many posts as off-topic because of it.

Cog wrote:@Armageddon
Perhaps you should start your own doomer economic thread that no one will read or post in except for doomers. So far you doomers haven't predicted dick concerning the stock market.


It's nothing but doom blogger linkspam, most often WITHOUT the actual link, just a snippet. If I want to read each and every zerohedge post I'll go to zerohedge. There is zero value in using peakoil.com as a personal dumping ground for cherry-picked doom from doom-blogs whose mission statement is to bring you all doom all the time.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby shortonoil » Sun 26 May 2019, 07:34:49

In case you haven’t been paying attention, which is nothing new, we have been using this thread as an economic thread also.


Which obviously they haven't, as the last 15 pages have been laying out the situation over and over and over again. Foreign investors are no longer buying US stocks, institutional investors are no longer buying US stocks, retail investors are no longer buying US stock. The only ones buying US stocks are corporations who are buying their own stock back. When that situation changes from profitable to losses for these companies, and their management, the market will collapse. It will collapse permanently, and the world will be back to 1880 on a fast track. When earnings can no longer cover the interest cost on the money borrowed to buy the stock back they will stop doing it. Since earning are the result of revenue, when the economy stops functioning so will the earnings. It's the ECONOMY STUPID!

To prevent the world's stock markets from collapsing the CB will have to buy every share of every company on the planet. At that point there will be no market, companies will be out of business, and peanut butter will be $100 a jar; if you can find it. Connecting the dots for 2 Byte brains can be difficult, even when there are only two dots; as in ECONOMY / MARKET.

Modern industrial economies ====== OIL!
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby shortonoil » Sun 26 May 2019, 07:49:38

QE4 and rate cuts coming


If Trump is going to have any chance of getting re-elected in 2020 they are going to have to pull that trigger pretty soon. Companies are going to have to start selling the stock they have been buying back to cover their debt mountains. Once that starts - watch out below; there is gong to be a default avalanche.
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