Global stock market selloff has started

[johnyj]

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

[1715115407]

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[1715115407]

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[coinableS]

It will be interesting to see how US markets open on Monday. I remember leaving work on Friday and the sell off just started here in the US. We will have a "black Monday" tomorrow?  They were calling it a correction, but it could likely be a reversal or signal of a new bubble burst.

[johnyj]

This is definitely not a correction if FED is going to hike rate in the coming months. The stock market only goes up when FED print money, it has been like this for decades

China already crashed 8%+ after half of the trading day

For bitcoin this should be a tough test. Usually when asset crashes, money's value goes up, but since no one sell assets for bitcoin, it will most likely not benefit from the asset selloff, but negatively affected by the USD liquidity problem

I'm still waiting for the day when USD crashes hard, but it seems highly unlikely in current market. It's amazing those paper created out of nothing hold their value extremely well especially during a crisis. Money is wealth, this is the strongest evidence. Otherwise you can not explain why people crazily selloff their assets in exchange for money. It is not only wealth, but the most trustworthy wealth in people's mind

[Insertion]

It will be interesting to see how US markets open on Monday. I remember leaving work on Friday and the sell off just started here in the US. We will have a "black Monday" tomorrow?  They were calling it a correction, but it could likely be a reversal or signal of a new bubble burst.

This morning all asian markets are in full red. China major stock indexes collapsed on Monday morning because of lack of a liquidity triggered a new sell offs. There's no good news stocks are still very expensive in china and there's no fresh money coming in. Surely this sell off will have impact on Monday's US trade as well.

[coinableS]

It will be interesting to see how US markets open on Monday. I remember leaving work on Friday and the sell off just started here in the US. We will have a "black Monday" tomorrow?  They were calling it a correction, but it could likely be a reversal or signal of a new bubble burst.

This morning all asian markets are in full red. China major stock indexes collapsed on Monday morning because of lack of a liquidity triggered a new sell offs. There's no good news stocks are still very expensive in china and there's no fresh money coming in. Surely this sell off will have impact on Monday's US trade as well.

Well that's it then. It will be a black monday in the US as they should follow the rest of the market sentiment. T-minus 9 hours and 12 minutes.

[Sumerian]

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

[coinableS]

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

[Sumerian]

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

I live in The Netherlands and we have the exact same problem. I'm not going to pay my whole salary to my mortgage to live in an average house. Many people aren't even able to buy a house yet. Think I'll just rent. And yes I think the prices are going to fall soon as well.

[HarHarHar9965]

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

I live in The Netherlands and we have the exact same problem. I'm not going to pay my whole salary to my mortgage to live in an average house. Many people aren't even able to buy a house yet. Think I'll just rent. And yes I think the prices are going to fall soon as well.

Some people who have decided where they really want to live, buy the house and pay the money in short EMIs and I think that would be either equal or around as much as the rent you will be paying, if you really want to buy a home, I think that's a smart way. Otherwise, if you're a young lad and yet to settle down, rent out a house with a room mate, it will be pretty economical for ya

[wxa7115]

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

I know that at some point a big crisis will occur but I really hope that it does not happen yet.

[Sumerian]

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

I live in The Netherlands and we have the exact same problem. I'm not going to pay my whole salary to my mortgage to live in an average house. Many people aren't even able to buy a house yet. Think I'll just rent. And yes I think the prices are going to fall soon as well.

Some people who have decided where they really want to live, buy the house and pay the money in short EMIs and I think that would be either equal or around as much as the rent you will be paying, if you really want to buy a home, I think that's a smart way. Otherwise, if you're a young lad and yet to settle down, rent out a house with a room mate, it will be pretty economical for ya

I don't want to buy a home that much. I'm hesitant about it. I'm young and I own a business, banks don't like businessowners, relatively. I might wait a few years before I start buying because I'm afraid of what's going to happen the next few years.

[Za1n]

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

Bitcoin is now crashing too, this may be the big "it".

[MinerHQ]

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Nothing to do with recession, china markets in last one year it went up around 100% but that time other markets didn't follow them but now when it is coming down other markets following china.

[johnyj]

I'm afraid the recession isn't over yet. The media telling us how good the economy is doing all the time (bit too enthousiastic if you ask me). I'm on the verge of buying a house but I'm afraid for the next 10 years.

Don't! My wife and I have been in the market for buying a house for the last year or so, but we've held off so far. Mainly because there is very little inventory and what is available is way over-priced. We're in San Diego and to buy a median priced home right you need $109K/year. Wages aren't keeping up with the prices, shrinking inventory and huge increase in price over the last 12 months; all this indicates we are in a housing bubble. Prices should start falling soon.

I live in The Netherlands and we have the exact same problem. I'm not going to pay my whole salary to my mortgage to live in an average house. Many people aren't even able to buy a house yet. Think I'll just rent. And yes I think the prices are going to fall soon as well.

Most of the houses are built by banks by loaning out money to construction companies. However, they could not find the buyer with enough money, so they lower the interest and give out loans for others to buy, but anyway those people don't have enough income. So banks print money and bought the house that they built with printed money, eventually all the house ownership goes to banks, and the normal people can only rent, so that they will never be free of rent during their whole life. So you either become the rent slave or the loan slave, just because you want some place to live

[johnyj]

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

Bitcoin is now crashing too, this may be the big "it".

This is the most disappointing thing. In principle, something like bitcoin should be resistant to asset price crash, since it is money. When asset crashes, the money value should go up. But now it is only major currency like Euro and Yen goes up. Means that bitcoin is still regarded as assets, not money

[TheDeathSpiral]

Bitcoin would be in a much stronger position to benefit from this latest global crash if it weren't subject to a hostile takeover attempt by vested interests in bed with the CIA and NSA, with those in a position to defend it too busy with their own attempts to further centralise and monetise their control.

[Patel]

Sit back and enjoy the live performance. Of the stock market collapsing before our eyes:

https://www.youtube.com/watch?v=uXvl1_IgGmI

[MF Doom]

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

Bitcoin is now crashing too, this may be the big "it".

yeah, I'm really wondering if the "glitches" that happened a few weeks back on the NYSE and some airlines, and now this "black monday" are foreshadowing the september market crash that a LOT of analysts have been predicting?

Not to mention oil plummeting back toward $40/barrel, and btc price crashing.  Is this just the start??

[johnyj]

Actually I don't think the market will crash hard, since banks are sitting on 5x more money than 2008, they could stop any crash with the flip of a pen

[SimpleIn]

Actually I don't think the market will crash hard, since banks are sitting on 5x more money than 2008, they could stop any crash with the flip of a pen

I do not agree. Banks are not always able to control the situation. As an example I can cite several crises that we thank God successfully survived.

[newcripto]

Actually I don't think the market will crash hard, since banks are sitting on 5x more money than 2008, they could stop any crash with the flip of a pen

I do agree with you.We must realize that this time banks are well prepared and as you mentioned up people really have unshakable trust and believe in paper money which is secret of its value.Paper money is backed by people thats why it has value.

[luciann]

Didnt they say there would be another financial crash coming, after 2008 and we just didnt know when.

And then I saw on a four horse men documentary that it take minimum 5-10 years to recover from one crash.

[Pab]

 Market sell off based on fear,i havefound interesting explanation why markets are going down

Larry Elliott economics editor of The Guardian wrote

    Financial markets in the west have been booming for the past six years at a time when the real economy has been struggling

    Recovery from the last recession has been patchy and weak by historical standards, but that has not prevented a bull market in equities.

    The reason for this is simple: the markets have been pumped full of stimulants in the form of quantitative easing, the money creation programmes adopted by central banks as a response to the last crisis....

It makes  sense to me,but if it will go further than knobody knows,inflation can appear,andall that house of card can fail without any control 

Full article you can find here

http://www.theguardian.com/business/2015/aug/24/china-stock-market-panic-stimulants-sell-off-financial-markets-quantitative-easing

Bitcoin needs to help himself first

[freeyourmind]

Several of the stocks I keep an eye on and invest in have dropped past previous 52 week lows...will be interesting to see how much fear there is in the market and if it continues to drop

I thought something like this was going to happen a couple years ago...if it does end up being an all out crash.

[risingtide]

This is a good time to step back and just watch how fear pervades the markets. It could be just a correction, but of course it could be something larger:

.. the Last Great Bubble — faith in central banks — may be starting to pop.

[coinableS]

This is a good time to step back and just watch how fear pervades the markets. It could be just a correction, but of course it could be something larger:

.. the Last Great Bubble — faith in central banks — may be starting to pop.

The last time the stock markets moved like this was in August 2007. I'm sure you remember what followed that about a year later. Although no one can predict the future, things are looking pretty familiar if you ask me.

[MinerHQ]

Actually I don't think the market will crash hard, since banks are sitting on 5x more money than 2008, they could stop any crash with the flip of a pen

Yesterday markets was terrible trough out the world. It is mainly because of china's growth slowing down. It is not yet over.

[zimmah]

This is a good time to step back and just watch how fear pervades the markets. It could be just a correction, but of course it could be something larger:

.. the Last Great Bubble — faith in central banks — may be starting to pop.

The last time the stock markets moved like this was in August 2007. I'm sure you remember what followed that about a year later. Although no one can predict the future, things are looking pretty familiar if you ask me.

The stock market crashes approximately every seven years. So it was due another crash.

[HarHarHar9965]

Several of the stocks I keep an eye on and invest in have dropped past previous 52 week lows...will be interesting to see how much fear there is in the market and if it continues to drop

I thought something like this was going to happen a couple years ago...if it does end up being an all out crash.

although a lot of people will root for it being a crash, I think a lot of different features of the market intervene with the growth to cause this effect. Regardless of whatever effect the market experienced, we all know the mayhem of a stock market crash and what follows along, so I won't be surprised if our already sensitive bitcoin market becomes any more soft, seems like some old drake song

[ashour]

Didnt they say there would be another financial crash coming, after 2008 and we just didnt know when.

And then I saw on a four horse men documentary that it take minimum 5-10 years to recover from one crash.

I assume that you are talking about the Shemitah year http://theeconomiccollapseblog.com/archives/tag/the-shemitah-year ? Those are just rumors and conspiracy theories placed in order to scare people and make them sell of their assets for cheap.

[mrhelpful]

This is a good time to step back and just watch how fear pervades the markets. It could be just a correction, but of course it could be something larger:

.. the Last Great Bubble — faith in central banks — may be starting to pop.

The last time the stock markets moved like this was in August 2007. I'm sure you remember what followed that about a year later. Although no one can predict the future, things are looking pretty familiar if you ask me.

The stock market crashes approximately every seven years. So it was due another crash.

Sounds about right though.

But what can you based out of it`ll crash, you think the banks are selling how they did back in 2008 with the super easy predatory lending? or is it something else.

[MF Doom]

Didnt they say there would be another financial crash coming, after 2008 and we just didnt know when.

And then I saw on a four horse men documentary that it take minimum 5-10 years to recover from one crash.

I assume that you are talking about the Shemitah year http://theeconomiccollapseblog.com/archives/tag/the-shemitah-year ? Those are just rumors and conspiracy theories placed in order to scare people and make them sell of their assets for cheap.

it really makes you wonder where these predictions originate from.

But the fact that they have been talked about for months, and now some strange events are happening though makes me want to keep a close eye on them.  I mean the worldwide stock "correction" or crash, whatever you want to call it is obviously 100% real.  I find it incredible that the predictions seem to be lining up with the worldwide economic uncertainty going on this moment.

They seem to get repeated year after year, possibly just to get people to sell assets cheap, but this time for some reason sounds different.

[Slark]

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

Help? Because of twisted human psychology and status of bitcoin which is now treated as investment asset we are all affected by that markets decline.
People need to understand that bitcoin can be independent from FIAT markets and while stock are collapsing bitcoin can stay strong. So far they're failing to realize that.

[findftp]

http://www.marketwatch.com/story/the-last-great-bubble-may-finally-be-starting-to-pop-2015-08-21

How could bitcoin help?

Help? Because of twisted human psychology and status of bitcoin which is now treated as investment asset we are all affected by that markets decline.
People need to understand that bitcoin can be independent from FIAT markets and while stock are collapsing bitcoin can stay strong. So far they're failing to realize that.

We should price shit in bitcoin to make that happen.
Everywhere I look I see so called experts talking about $14563 worth of bitcoin instead of using bitcoin as denominator.
I really hate to read an article about bitcoin investment or theft denominating everything in FIAT and don't mention the BTC amount at all

START PRICE SHIT IN BTC for god sake.

Let those getting rich quick imbeciles who don't understand BTC go to http://www.preev.com and convert the amount to their beloved fiat counter value.

/rant

[mrhelpful]

I think despite the global stock market, it shouldnt really effect us unless you have money in there.

And I`m surprised that theres people dropping the coin so hard at the same time not sure why though.