Dow futures fall 100 points

Ive called it for over a month. The market will be between9000-10,000 by mid october.

all of my money is out of the market. China has devalued their currency in an attempt to crash our economy and they haven't even dumped their Treasury Bills yet. It's coming.

Saudi market down big. Seling picked up at the end of the day Friday so this isn't a huge surprise. Everyone having their portfolios properly insured (or having some taken profits and moved to cash or pm's) should sit back and watch the entertainment unfold. Maybe even look for some opportunity.

Might be the correction. Might not. If it is, people will be surprised. The only thing that surprises me is how someone can be surprised by something that happens repeatedly throughout history.

Edit - And keep repeating the same behaviors.

I bought the weekend edition of the WSJ. The f'ing business writer opinion was basically anything could happen, 50% drop or rally back to new highs. Since Wall street is not really an easy place to make money, to easy to think its gonna fall big in the fall. More likely major drop doesn't happen until 2016. I'll go with down 300 in the AM , up 300 in the PM.

I don't understand what you mean by hedge on oil? I know they're producing a ton load of it, mostly for market share.

They're certainly not losing any money on oil.

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They're certainly not losing any money on oil.

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They are not losing money on oil but they are not making the money on oil that they once did. The out of ground cost of oil in regions outside of the middle east is about 17 dollars a barrel vs. 4 dollars a barrel in the Middle East. By making so many other sources of oil available we have increased the availability of oil which has driven the cost down from over 100 dollars a barrel to around 40 and it will probably bottom out somewhere near 32 dollars a barrel. Private investors with pumps in the US have halted production to avoid losing money.

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put your diapers on
another bloodbath

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I've got 20+ years until retirement, so no worries. Just an opportunity to up contributions.

Doesn't matter, he's an expert in all things

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I don't understand what you mean by hedge on oil?

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lower their production and stop their attempts to get the US shale producers out of business

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They're certainly not losing any money on oil.

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yeah but they can't sustain their budget on lower prices like that for a long time

Janky, you're an adviser I gather. Why aren't more people conservative, and why don't they use VIX options to insure their portfolios? I just don't understand all this preaching about not taking risks, and the least risky thing to do is buy downside insurance.

I consider this lack of common sense advice maleficent.

Not extremely heavy volume. I guess we'll see what happens overnight. Yen is up.