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7/9 World Indices: Pacific markets continuing their trend..appears to be worse

Posted on 7/6/15 at 12:28 am
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 7/6/15 at 12:28 am
Futures on page 2

ETA: Feel free to post ANYTHING related to equities in this thread.
This post was edited on 7/8/15 at 1:44 pm
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 7/6/15 at 12:35 am to
For some reason Shanghai was up over 2% earlier. I guess the Chinese initially felt optimistic, but now not so much. Shanghai is now near UNCH.
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 7/6/15 at 12:46 am to
Hell, early on they were up 3-4%
...might have had something to do with China's plan over the weekend to fix stock prices. I saw the headlines but didn't read about it so I can't comment further.

If Germany is down in the 3.5% range you've got to imagine the DOW loses at least 2 percent tomorrow, right??
Posted by LSUneaux
NOLA
Member since Mar 2014
4485 posts
Posted on 7/6/15 at 1:01 am to
Yeah, I think last week the Dow dropped what, 2%?, on that last Greece news day?
Posted by Jim Rockford
Member since May 2011
98128 posts
Posted on 7/6/15 at 2:28 am to
Chinese investment houses pumped $19 billion into the market to halt the recent slide. Shanghai opened up about 7% before falling back.

Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 7/6/15 at 7:54 am to
Jim Rockford is correct. What remains to be factually seen is if there is another LTCM, backed by bankers, and eventually bailed out by bankers, with a large Greece exposure.

Most say no, but no one ever expected LTCM to almost take down the system. It would have been as bad as Lehman, but widely unknown.

For those that don't know:

LINK
Posted by Jim Rockford
Member since May 2011
98128 posts
Posted on 7/6/15 at 2:20 pm to
Welp, the Dow hasn't cratered today. Not yet, at least.
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 7/6/15 at 3:40 pm to
Disappointed. I bought some VWO...probably too soon but it took a 3% hit today.
Posted by NolaGirl11
Member since Aug 2011
91 posts
Posted on 7/6/15 at 8:36 pm to
June 6th-10th was last month
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 7/6/15 at 8:58 pm to
Very astute

It was late.
Posted by jturn17
Member since Jan 2011
4978 posts
Posted on 7/6/15 at 9:24 pm to
I lost 15% in one stock today. It's really fun watching money being magically created. It's really really really awful watching it evaporate, especially with the pace that it can.
Posted by bayoubengals88
LA
Member since Sep 2007
18883 posts
Posted on 7/7/15 at 7:08 am to
quote:

I lost 15% in one stock today. It's really fun watching money being magically created. It's really really really awful watching it evaporate, especially with the pace that it can.

I know this feeling, which is why I'm sticking to indexing and efts. I just don't know what I'm doing with individual stocks other than the dividend giants.

Both Chinese exchanges are down 1-2% again
The Nikkei recovered nicely from Monday

Most Europe is slightly down
Expecting a "blah" day for the US markets

WTI is at $52.27
Posted by vuvuzela
Oregon
Member since Jun 2010
14663 posts
Posted on 7/7/15 at 9:43 am to
Looks like it's about to get ugly, SPY falling below the 200 MA and off the ledge.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 7/7/15 at 3:17 pm to
Watch the yen/dollar. Watch the larger institutions watch this closely as well. Two larger things really would be the lack of inflow to American equities markets, but this is somewhat mitigated by lower interest rates where the flight to safety is likely going to be paper US dollars. Add a correction in the middle somewhere if the above doesn't keep the bull running.

We've been through this several times. Never quite like this, but it's always somewhat the same.

Anyway, I don't know when, so I don't worry about it. Nor do I worry when the equity portion of my portfolio tanks. Something else will go up, and I'll sell some of that, and buy something else I perceive to be undervalued.

I haven't bought buy and hold stocks for quite some time now. My new monies have been going in to investments that I perceive to be beat down. When stocks correct, I'll start buying stable dividend payers as I'll have a lot of available cash.
Posted by oR33Do
Tuscaloosa
Member since Oct 2012
13561 posts
Posted on 7/7/15 at 3:46 pm to
A lot of the lumber stocks I've been holding have not changed much.

Armstrong Worldwide is getting set to split into two companies Q1 next year. When that happens, I think their flooring company will grow a lot more as all of their flooring plants are here in the US. Their Euro ceiling plants have been draining the bottom line.

Weyerhauser is still sitting around $30 and slowly getting its dividend back up to $.60 a share. It is at $.29 right now.


Posted by LSU0358
Member since Jan 2005
7915 posts
Posted on 7/7/15 at 3:49 pm to
Big reversal in the US markets today after Europe closed. Looks like a deal with the Greeks might have been reached. I did a little nibbling in SPX futures after the cash close.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 7/7/15 at 4:02 pm to
^

Curious. eminis, or full contracts? I like your trade idea if it's a short term trade. Would you mind giving details about where you bought and/or sold at?
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 7/7/15 at 11:13 pm to
Yes please.
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 7/8/15 at 8:49 am to
when margin trading goes bad lol
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 7/8/15 at 1:11 pm to
China Bans Stock Sales by Major Shareholders for 6 Months

China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for 6 months, its latest effort to stop the nation’s $3.5 trillion stock-market rout.

LINK
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