Gerald Celente has put a date on the upcoming stock market crash. When?

[idiit]

looks to me like they 'tot twice' and reopened.

here comes the calvary aka plunge protection team. looks to be an epic day long battle ahead.

[gripreaper]

It's days like this that I wish I was still a full time trader. You know what some S&P puts would be paying right now? (provided you could cover).

[idiit]

margin calls = forced selling.

edited to add:

if they can't 'manage' the plunge they'll likely halt trading for the day. it's not a calamity when they close the markets. all hell breaks loose when they reopen.

[Sophocles]

Oslo Børs sees biggest fall since financial crisis

Published: 24 Aug 2015 15:27 GMT+02:00

Oslo’s stock exchange has suffered its biggest decline since the financial crisis hit in 2009, with its shares tumbling a full 6.3 percent as China’s stock market crash reverberates around the world.

Full article

[bearcow]

market highly volatile right now, people have been buying the dip. A lot of brokerage firms sites have crashed this morning. TD ameratrade most notably.

Baidu, the Chinese google, opened at $100 today and spiked up to $140 in the last hour, but it still down 7% from where it was Friday. Amazing stuff

I expect the selling to continue later today or tomorrow

[Bill Ryan]

Nasdaq was the first to be halted at 0758ET.

The Dow is now down 850 points from Friday's close and halted...

The S&P 500 Futures is halted for the first time in history.

http://zerohedge.com/news/2015-08-24/panic-all-major-us-equity-indices-halted

[Ron Mauer Sr]

Bill Holter weighs in. Will we become another banana republic when the dollar dies?

Source: https://youtube.com/watch?v=80M4daI8tFY

Three days without clean water then nothing else is needed.
If the electricity is interrupted, do you have a plan to retrieve and filter water?
Have you been purchasing some extra food each trip to the grocery store? Food with a long shelf life?
Do you have a wood stove to heat your home, and a wood fired camp stove for outdoor cooking?
Hauling water (if it is available) is difficult. Flushing a toilet may not be practical or even possible.
If you have food you will need an inexpensive homemade sawdust toilet or purchase a more expensive composting toilet. The ladies will especially appreciate your wisdom and support.

I think things will get better, but first things will become more difficult. Wish I knew the timing.

[Bill Ryan]

.
http://infowars.com/dow-experiences-...ine-in-history

Dow Experiences 1,000 Point Plunge, Largest Single Day Decline in History

Stocks crashed on the opening bell of the Dow Jones on Monday, sailing past the 777 point loss in September, 2008, during the kick off of the Second Greatest Depression, dubbed the Great Recession by the establishment media.

An expected bounce fifteen minutes after the bell pulled stocks back up to 600, but the fall represents a decline of 1,089 points, or 6.6 percent.

The establishment media quickly tried to assuage fears by noting the tumble is nowhere near the market crashes of 1929 or 1987.

The crash follows the fall of China’s benchmark Shanghai Composite index, down 38 percent from its high in June due largely to unsustainable debt-financed stock market speculation. The totalitarian government took extreme measures to put the brakes on its market fall, to no avail.

The China decline precipitated sell-offs in Japan, Taiwan, Hong Kong, South Korea, Australia and European markets as investors abandoned China’s market.

“When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal,” The Guardian noted last week.

“Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.”

Source: https://youtube.com/watch?v=k6gEtSqsLdc

[Alpha141]

I taught myself currency trading years ago to fund my watching all Bill's work from 2008 on. I did it via technical charting. Standard deviations based upon indicators. Trading the moves central banks did etc. I let that life go 3yrs ago. But made a documentary about the money system here to explain it's falseness:

http://www.servantoftruth.org/money-system.html

This system is totally false. It needs to go. We, due to our attachment to money as it is a spiritual technology. Are the ones who contribute to what will happen by the co-creative (negative placebo used against us) aspect we all have within. That energy is better served that this life force storing technology. Have the courage to recognise your emotional state and master a sacred neutral perspective. Good luck all. A great time to be alive

[Tesseract]

Pretty big reversal appears to be holding. Have been eyeing call contracts the last hour, but the premiums are outrageous. Will be interesting to see if this goes green by the end of the day.

[bearcow]

for a few seconds this morning we tested the resistance of last Octobers lows on the sp500. I suspect we test that level again in the next week or so.

If we break that level by say 2-3%, then it is likely we go much lower

The fact that we quickly bounced off that level tells me that the market makers are not currently interested in creating a doomsday type crash

we are currently 3-4% above the morning bottom

[Hervé]

Black Monday: Biggest slide in Chinese stocks since 2007, Brent oil below $44


RT
Mon, 24 Aug 2015 07:12 UTC

© Toru Hanai / Reuters

The Shanghai composite has closed down 8.5 percent in a brutal selloff, as Beijing's measures have failed to ease investor concerns about the slowdown of the world's second-largest economy. China's stocks are now down for the year after being up 60 percent in June.

© Bloomberg

"This is a real disaster and it seems nothing can stop it," Chen Gang, Shanghai-based chief investment officer at Heqitongyi Asset Management Co., told Bloomberg. "If we don't cut holdings ourselves, the fund faces risk of forced closure. Many newly-started private funds suffered that recently. I hope we can survive."

Asian markets followed China with a broad selloff.


Japan's Nikkei has closed 4.61 percent down. Hong Kong's Hang Seng is 5.17 percent in deficit. Mumbai's Sensex is down over 4 percent.


The ripple effects are being felt on the European markets.

London's FTSE is down 2.71 percent in early trading. Germany's DAX is losing 2.66 percent, sliding below the 10,000-point mark for the first time since January, as of 09:23 GMT.


The European stock markets have continued last week's negative trend, when 13 out of 18 Western European markets lost 10 percent or more, with Germany's DAX down 18 percent. London's FTSE 100 Index suffered its biggest weekly drop in 2015, slumping 5.2 percent.

Commodities are down across the board with Brent crude trading below $44 per barrel, which is a six-and-a-half-year low.

On Friday, the US WTI crude benchmark dropped below $40 per barrel in an eighth straight weekly decline, the longest falling streak in almost 30 years.

The Russian ruble has fallen to its lowest level since February against major currencies, dragged down by both weak oil and Chinese stocks. The ruble was trading at over 71 rubles against the US dollar and 81.78 rubles against the euro as of 09:25 GMT.

Equity markets in Moscow are in the red with the RTS losing 5.51 percent and the MICEX down over two percent as of 09:25 GMT.

Over the last month, the Chinese government has taken drastic measures to stop the stock market's decline. On Sunday, the Xinhua news agency reported that Beijing would allow its main state pension fund to invest up to 30 percent of its net assets in China-listed shares for the first time.

In mid-August, the People's Bank of China devalued the yuan over three consecutive days, stopping at a 4.4 percent overall depreciation. The move intended to help faltering exports sowed panic in the world's equity markets and may have started a new wave of currency wars.

The real Chinese economy has been showing signs of slowing growth. In a report published last Friday by Caixin and Markit, it became clear that manufacturing has been losing momentum. The Purchasing Managers' Index (PMI), its key indicator, saw a fall to 47.1 from 47.8 in July. This is the lowest level since March 2009 and shows a contraction.


24 August 2015

• 09:53 GMT
  
  Oil prices, including Brent crude, could go down below $40 per barrel for a short time, Russian Economic Development Minister Aleksey Ulyukaev told TASS.
• 09:21 GMT
  
  Equity markets in Moscow are in the red with the RTS losing more than 5.51 percent and the MICEX down over two percent.
• 09:15 GMT
  
  Russian ruble has fallen to its lowest level against major currencies since February. The ruble is trading at 71.2 against the dollar and 81.78 against the euro.
• 09:09 GMT
  
  As of 08:52 GMT, Brent was trading at $43.77 per barrel, down 3.72 percent.
• 09:07 GMT
  
  Brent crude has dipped below $44 per barrel amid uncertainty over the Chinese markets, its lowest point since 2009.
• 08:46 GMT
  
  On the European markets, London's FTSE is down 2.52 percent in early trading. Germany's DAX has shed 2.77 percent, while France's CAC index is 2.68 percent lower.
• 08:29 GMT
  
  The Russian ruble has hit new lows against major currencies, dragged down by both weak oil and Chinese stocks. The Russian currency was trading near 71 rubles against the dollar and 81.40 rubles against the euro as of 08:22 GMT.
• 07:47 GMT
  
  As of 06:17 GMT, Brent oil was trading at $44.07 per barrel, which is a six-and-a-half-year low.

Related: What the latest currency war is all about

[Tesseract]

A lot of volume now pumping this reversal in the Qs. Bought the sept QQQ calls, despite the premium.

Update: I closed my position for 7% profit. May try and repeat later in the day.

[Bill Ryan]

.
Alex Jones' commentary, recorded a few hours ago:

http://projectavalon.net/Alex_Jones_...ugust_2015.mp3 (4 mins, 3 Mb, not yet published elsewhere)

[Hervé]

Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks

Submitted by Tyler Durden on 08/23/2015 22:42 -0400


Three weeks ago, when we last looked at the collapse in trade along what may be the most trafficked route involving China, i.e., from Asia to Northern Europe, we noted that while that particular shipping freight rate Europe had crashed some 23% on just one week, there was some good news: at least the Baltic Dry index was still inexplicably rising, and at last check it was hovering just above 1,100.

That is no longer the case, and just as with everything else in recent months, the Baltic Dry dead cat bounce is now over, with the BDIY topping out just above 1200 on August 4, and now back in triple digit territory, rapidly sliding back to the reality of recent record lows which a few months ago we suggested hinted that much more is wrong with global trade, and the global economy, than artificially manipulated stock markets would admit.

More importantly, a major source of confusion appears to have been resolved. Recall that as we noted on August 3, "many were wondering how it was possible that with accelerating deterioration across all Chinese asset classes, not to mention the bursting of various asset bubbles, could global shippers demand increasingly higher freight rates, an indication of either a tight transportation market or a jump in commodity demand, neither of which seemed credible. We may have the answer."
We did. To wit:

"Should the dead cat bounce in shipping rates indeed be over, and if the accelerate slide continues at the current pace, not only will shippers mothball key transit lanes, but the biggest concern for global economy, the unprecedented slowdown in world trade volumes, which we flagged a week ago, will be not only confirmed but is likely to unleash yet another global recession."

As expected, on Friday, we got confirmation that the BDIY has indeed become a lagging indicator to actual demand, when Reuters reported in its latest weekly update using data from the Shanghai Containerized Freight Index, that key shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26.7 percent to $469 per 20-foot container (TEU) in the week ended on Friday.

The collapse in rates is nothing short of a bloodbath: "it was the third consecutive week of falling freight rates on the world’s busiest route and rates are now nearly 60 percent lower than three weeks ago.

Freight rates on the world’s busiest shipping route have tanked this year due to overcapacity in available vessels and sluggish demand in goods to be transported. Rates generally deemed profitable for shipping companies on the route are at about $800-$1,000 per TEU.

Other Europe-focused freight rates did even worse, with container freight rates from Asia to ports in the Mediterranean plunging 32.1%, while those to the US West and East coast slid by 7.9% and 9.9%, respectively.

This should not come as a surprise: it was back in March when we first reported that "Global Trade Volume Tumbles Most Since 2011; Biggest Value Plunge Since Lehman."

It took the no longer discounting "market" about 6 months to figure this out. As for the culprit, no question who is at fault.

What happens next?

Well, some, such as the world’s largest container shipping company, Maersk Line, will desperately try to no longer lose money on every transit, with a plan to raise spot freight rates by $1,000 from ports in Asia to ports in northern Europe, with effect from Sep 1. Other major container shipping companies have similar plans.

The virtually guaranteed outcome of this "strategy", as there is simply not enough demand as the world careens off the global recession cliff to offset a surge in freight costs, will be an even greater collapse in trade volumes.

The alternative, is just as bad: as we sarcastically hinted first in March:

... none of the above should alarm anyone: remember - central banks can just print trade with just the flick of a CTRL-P switch.

And then again three weeks ago when we said no need to worry because it is just a matter of time before "central planners learn how to print trade."

For now, however, printing money no longer equates to boosting global trade. In fact, easy monetary policy now appears to be backfiring, as even the "market" has figured out.

So, sarcasm aside, what really happens next, to both shipping, trade, the global economy and markets? Sadly, unless central planning finally works after 7 years of failing ever upward... this:

[Tesseract]

China fell 8.5 % overnight. Anyone else think it would be a big slap in the face if US markets close in the green (Qs [~Nasdaq] are already there at time of writing)?

[Bill Ryan]

Posted by Bill Ryan (here)
.
Alex Jones' commentary, recorded a few hours ago:

http://projectavalon.net/Alex_Jones_...ugust_2015.mp3 (4 mins, 3 Mb, not yet published elsewhere)

The commentary (recorded on the fly, without editing, at an airport this morning — good journalism!) continued after a break (part 2 of 3).

http://projectavalon.net/Alex_Jones_...ugust_2015.mp3 (10 mins, 7 Mb, not yet published elsewhere)

[bearcow]

Posted by Tesseract (here)
China fell 8.5 % overnight. Anyone else think it would be a big slap in the face if US markets close in the green (Qs [~Nasdaq] are already there at time of writing)?

money is not coming in big time from the dark pools today, so im still thinking we go lower in the next few days. What a joke it would be if we go positive for the day on the nasdaq. It was down 11% this morning

[Bill Ryan]

Posted by Bill Ryan (here)

Posted by Bill Ryan (here)
.
Alex Jones' commentary, recorded a few hours ago:

http://projectavalon.net/Alex_Jones_...ugust_2015.mp3 (4 mins, 3 Mb, not yet published elsewhere)

The commentary (recorded on the fly, without editing, at an airport this morning — good journalism!) continued after a break (part 2 of 3).

http://projectavalon.net/Alex_Jones_...ugust_2015.mp3 (10 mins, 7 Mb, not yet published elsewhere)

The final installment:

http://projectavalon.net/Alex_Jones_...ugust_2015.mp3 (4 mins, 3 Mb, not yet published elsewhere)

[bearcow]

regarding what alex jones is talking about. they were talking about the need for qe4 this morning on cnbc.