tsptalk's Market Talk

[exnavyew]

Demand for Gold in China is up? Hmmm......

"For the week ending May 29, a total of 37.1 tons of gold was withdrawn from the SGE. YTD (year-to-date), withdrawals are 983 tons—up a whopping 20% from the same period last year."

[h=1]Shanghai Gold Exchange Withdrawals Are Holding Up[/h]
Shanghai Gold Exchange Withdrawals Are Holding Up - Yahoo Finance

 

[exnavyew]

Chinese Stocks Tumble as Morgan Stanley Says Don't Buy the Dip

"China’s $8.8 trillion stock market has plunged from first to worst on global performance rankings as leveraged speculators unwind their positions and a growing number of analysts warn that valuations have climbed too far. Morgan Stanley advised clients to refrain from purchasing mainland shares in a report on Friday, saying the Shanghai Composite’s June 12 high likely marked the top of the bull market."
Chinese Stocks Tumble as Morgan Stanley Says Don't Buy the Dip - Yahoo Finance


No deal for Greece, creditors; top-level talks resume Saturday

https://finance.yahoo.com/news/no-deal-greece-creditors-top-015745367.html


So....'Should I Stay or Should I Go?'
https://www.youtube.com/watch?v=GqH21LEmfbQ

 

[tsptalk]

Wow, another 7.4% down on Friday. Can you imagine that kind of action in our funds?

 

[OBXTrader]

Yes, surprising to me the indifference, but then again we are Euro-centric....except when it comes to flu epidemics. One would have to remember 2008 to remember a -7.4% day......and people on this forum (me included) panic when we give up 2% in one day. When was the last time that even -2% in one day happened in the S&P?

Wow, another 7.4% down on Friday. Can you imagine that kind of action in our funds?

 

[burrocrat]

...and people on this forum (me included) panic when we give up 2% in one day. When was the last time that even -2% in one day happened in the S&P?

i think it was monday, 29 june 2015.

 

[OBXTrader]

I threw a low hanging curve ball for you to hit.

i think it was monday, 29 june 2015.

 

[tsptalk]

Yes, surprising to me the indifference, but then again we are Euro-centric....except when it comes to flu epidemics. One would have to remember 2008 to remember a -7.4% day......and people on this forum (me included) panic when we give up 2% in one day. When was the last time that even -2% in one day happened in the S&P?

2008 was a doozy...

List of largest daily changes in the S&P 500

https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_S&P_500

 

[burrocrat]

I threw a low hanging curve ball for you to hit.

thanks cuz, those are my favorite kind.

 

[weatherweenie]

Wouldn't that be the next time?

i think it was monday, 29 june 2015.

 

[userque]

Wouldn't that be the next time?

Try re-reading the conversation...I don't want to spoil it for you by just telling you what's really happening there. :smile:

 

[pmaloney]

Wow! I would need a really stiff drink after a market down day of 7%.
Don't know what I'd need if it was down 20%.

 

[FireWeatherMet]

Wow! I would need a really stiff drink after a market down day of 7%.
Don't know what I'd need if it was down 20%.

Those might be the European stocks at the opening bell Monday.

 

[exnavyew]

Those might be the European stocks at the opening bell Monday.

Buying opportunity? ala 'buy when there's blood in the streets'. :thinking:

 

[FogSailing]

Well, there's still China to think about...it might be a few days into the week to see where the market is and what the best exposure is for the current environment. While I still think the US economy is doing ok, I'm unclear on what impact bad news overseas will have in the short term. I think the US technical indicators look ok right now but too much bad news brings out the BAD NEWS BEARS. I'll be watching the tracker next week to see what everyone is doing.

FS

 

[tsptalk]

Wow, the headlines are a little scary. Buy fear? :scared1:

DrudgeReport.com...

GREEK BANKS COULD CLOSE MONDAY
ATMS RUN DRY
BRINK OF MELTDOWN
'PLAN B' LOOMS

 

[Lakebound]

Good time to be in G fund right now for sure.

Frank

Sent from my XT1080 using Tapatalk

 

[FogSailing]

Yes the news is scary. I read last night that China is taking action to spur their economy so perhaps that will curb some of the volatility in their backyard (and ours). Monday is going to be a wild day!

FS

 

[userque]

Wow, the headlines are a little scary. Buy fear? :scared1:

DrudgeReport.com...

GREEK BANKS COULD CLOSE MONDAY
ATMS RUN DRY
BRINK OF MELTDOWN
'PLAN B' LOOMS

Well, they are reloading the ATM's asap. Banks are still open. This goes a long way towards calming the public. So far, all I see is panic...no real reason for a global market meltdown due to this. :scratchchin:

 

[burrocrat]

Well, they are reloading the ATM's asap. Banks are still open. This goes a long way towards calming the public. So far, all I see is panic...no real reason for a global market meltdown due to this. :scratchchin:

booo! quit peeing in my market meltdown wheaties. someday a real rain will come and wash all the dirt off the street. and then i am going shopping at the fire sale.

wheee!

 

[Lakebound]

booo! quit peeing in my market meltdown wheaties. someday a real rain will come and wash all the dirt off the street. and then i am going shopping at the fire sale.

wheee!

Amen to that!

Frank

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