08.24 US & World Markets: Just Holy Flirkinschmidt $1 Trillion in Market Value Wiped out so far

by John Galt August 23, 2015 23:00 ET Think about this: $1 trillion, that’s $1,000,000,000,000.00 PLUS wiped out in just 6 hours of trading tonight. Without US markets being open. I haven’t seen a disaster like this since I was on a sailboat in October 2008 and the S&P 500 traded limit down. Just wow. The carnage is incredible. Hopefully some of you fools listened to the warnings over the years.

08.24 Asian, Europe, US Deathburger Marketwatch: MOAD or a Grilled Cheese Sandwich?

by John Galt August 23, 2015 21:45 ET UPDATED 22:10 ET: Just because: Ouch. Meanwhile in Singapore, down another 2.5% to start the day: UPDATED 21:50 ET: It’s officially a bloodbath. Brent North Sea Crude has broken $45 per bbl for the first time since 2009: The Shanghai SSE is down over 5% on the open: Hong Kong Hang Seng Index down almost 4%: And I have not even gotten to the secondary markets yet like Thailand, Vietnam, etc. Monday could still well be Bloody Monday on Wall Street. Stay tuned!…

In Desperation Move, China Allows State Pension Fund to invest up to 30% into Stock Market

by John Galt August 23, 2015 17:45 ET The desperation of the Central Planners of the Communist Party in China (and on Wall Street) is beginning to shine through once again in 2008 fashion. Today, per the South China Morning Post, this bit of news spells out the panic in Beijing: The State Council said on Sunday that it will allow China’s pension fund to invest up to 30 per cent of its total 3.5 trillion yuan in net assets in equities and stocks, a likely bid to support the flagging…

Is it time to Panic because the DJIA was down almost 6% Last Week?

by John Galt August 23, 2015 17:10 ET The world went into full hysteria mode last week trying to decipher the meaning of the Federal Reserve minutes on Wednesday, and selling off into the close on Friday with just under a 6% decline on the major indices for the week. Is this time to panic? CNBS doesn’t think so: In fact few if any financial programs I took the time to watch or listen to (so you don’t have to) mentioned the words panic, recession, or bear market. Much like their…

08.23 12:45 ET BREAKING NEWS: Huge Explosion at US Military Base in Kanagawa, Japan (Video)

by John Galt August 23, 2015 12:45 ET Video of the explosions which are obviously munitions detonating: Stay tuned as in the past left wing extremists were the primary suspects in the last attack. This time with the Koreas on edge, it might be something far worse. 13:05 ET UPDATE: Two Tweets just came through to make you think about this the rest of the day:

08.23 Stock Market Sandstorm Continues in World Markets – Saudi Arabia down 7%

by John Galt August 23, 2015 10:00 ET The following market charts from Bloomberg this morning tell the tale of woe that this sell off didn’t stop on Wall Street this past Friday but indeed might be gaining momentum for another steep decline this evening in Asia with possible further follow through in US markets. Israel TA-25 Stock Exchange: Kuwait SE, which has already taken a beating this year: Oman which is less than 0.5% away from a bear market: Qatar: Both of the major exchanges in the United Arab Emirates…

08.23 0900 ET: Hurricane Danny 0800 Advisory Posted (Updated)

by John Galt August 18, 2015 17:10 ET Here we go again. In this quiet El Nino depressed hurricane season, the first major threat to the Caribbean islands has appeared with Tropical Storm Danny which just formed in the Eastern Atlantic. Once again, here are the standard photos, model runs, and advisories which will update automatically as the websites associated with them. UPDATE AUGUST 18, 2015 20:00 ET: Man, I hope this 14 day GFS model does not verify. If so, it is going to suck to live where I do….

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