FTSE tanking everywhere, lots of global markets getting hit

[MatTheCat]

You're a moron that doesn't even understand what a real free market is and yet again, the irony of it all is that you come onto a cryptocurrency forum which is designed to be a real free market to voice that opinion. Also what you're complaining about isn't called 'neo-liberalism' I don't know where you picked that up, it's called corporatism and has nothing to do with free markets, you're confusing a number of different ideologies with each other, probably a result of watching too much television.

You are Jewish and barely out of your teenage years (i.e. your brain has only just started to work but are burdened by the assumption that you possess wisdom beyond that of all other mortals)?

Am I right?

Do I win £10?

[1680199009]

1680199009

[BitcoinAshley]

You're a moron that doesn't even understand what a real free market is and yet again, the irony of it all is that you come onto a cryptocurrency forum which is designed to be a real free market to voice that opinion. Also what you're complaining about isn't called 'neo-liberalism' I don't know where you picked that up, it's called corporatism and has nothing to do with free markets, you're confusing a number of different ideologies with each other, probably a result of watching too much television.

I agree. I didn't see his post because he's been on my ignore ever since I realized he litters his "arguments" with childish ad homs... but indeed, one of my most favorite ironies is people who confuse corporatism with the free market, YET are participating in cryptocurrencies which thwart central bank intervention, one of the central pillars of the state-run markets we have today.

[redwraith]

You're a moron that doesn't even understand what a real free market is and yet again, the irony of it all is that you come onto a cryptocurrency forum which is designed to be a real free market to voice that opinion. Also what you're complaining about isn't called 'neo-liberalism' I don't know where you picked that up, it's called corporatism and has nothing to do with free markets, you're confusing a number of different ideologies with each other, probably a result of watching too much television.

You are Jewish and barely out of your teenage years (i.e. your brain has only just started to work but are burdened by the assumption that you possess wisdom beyond that of all other mortals)?

Am I right?

Do I win £10?

You win for exactly defining what an ad hominem attack is!   Congratulations!

[billyjoeallen]

You're a moron that doesn't even understand what a real free market is and yet again, the irony of it all is that you come onto a cryptocurrency forum which is designed to be a real free market to voice that opinion. Also what you're complaining about isn't called 'neo-liberalism' I don't know where you picked that up, it's called corporatism and has nothing to do with free markets, you're confusing a number of different ideologies with each other, probably a result of watching too much television.

You are Jewish and barely out of your teenage years (i.e. your brain has only just started to work but are burdened by the assumption that you possess wisdom beyond that of all other mortals)?

Am I right?

Do I win £10?

Antisemitic Ad hom! you get double points for that. I think you've earned an honored spot on my highly exclusive "ignore" list. Congrats!

[MatTheCat]

Antisemitic Ad hom! you get double points for that. I think you've earned an honored spot on my highly exclusive "ignore" list. Congrats!

Boo hoo hoo hoo hoo.

I am on billyjoeallen's ignore list and now I won't get any more of his hair-brained worthless replies.

Such a sad day.

[Lethn]

Holy shit guys! It's getting much worse O_O S&P is taking a serious hit now too.

[seriouscoin]

I read above that someone actually thinks the "privatization" (as they like to call it) of utilities the way it's done today is a realistic example of free markets and private industry. It's like when the state signs a contract with a "private prison" GUARANTEEING 90% capacity virtually regardless of performance. That is socialism, not privatization, just using the "P" word to describe it will not earn you any brownie points, sorry! Call it quasi-private if you will. If the state is involved, the initiation of violence is being used as an economic power and thus distorting the markets and natural incentivary mechanisms.

"Government will continue to deliver regardless of profits. A private company won't."

Exactly. You've just described the cause of most of the problems in the world today.

Government will continue to deliver regardless of profits, yes - and they will steal lots of money, drop lots of bombs, and shoot lots of people in order to do so.

*FACEPALM*

Jeeezus.

I thought I had you on ignore. Will soon sort that out but in the meantime......

....it is not 'governments' who decide to go to war, drop lots of bombs, and shoot lots of people...

......it is the powerful monetary and business interests behind them.

It is the 'free market' at work.

In a 'free' market, the Big Boys are free to push everyone else around however they see fit. It is what we call 'neo-liberalism' and if any one lesson can be learned from that it is that a powerful man's freedoms become the chains around 10 humble men's necks.

Hooray for unfettered free market liberalism.

*Facepalm* Indeed! Nothing worse than snottery nosed little wetbags who think they fkn know the score.

WOW the irony..... What a moron. Do you really have an ignore list? I bet you dont even know what ignorance mean you little shit.

Here.... welcome to my ignore.

[chessnut]

Holy shit guys! It's getting much worse O_O S&P is taking a serious hit now too.

It has to come some time....
is this gonna cause a fast panic when it comes? there must be a lot of smart people with their finger on the trigger.

[Lethn]

To be honest, I didn't think it was going to happen so soon, my prediction was for a lot later but it looks like things were worse than I thought, either that or the federal reserve are going to yet again rush in and 'save' the day for awhile longer.

[chessnut]

To be honest, I didn't think it was going to happen so soon, my prediction was for a lot later but it looks like things were worse than I thought, either that or the federal reserve are going to yet again rush in and 'save' the day for awhile longer.

............Im digging around on news sites for sentiment.....and it seems like everyone is calling for a 'major top' in stocks. Well I dont know what to think about that because I think we are near one. what's the use of sentiment when you agree?

A trend in sentiment Ive seen on a lot of blogs goes something like 'death to the dollar' - swiftly followed by tapering. Everyone thinks the fed is bluffing and will keep printing. that is consistent with a crash in stocks....

maybe we should look to the reaction from this weeks NFP.

[billyjoeallen]

Holy shit guys! It's getting much worse O_O S&P is taking a serious hit now too.

It has to come some time....
is this gonna cause a fast panic when it comes? there must be a lot of smart people with their finger on the trigger.

Yellen will reverse the taper if there is more than a 20% fall from the peak and maybe even before that. The money printers have their fingers on the triggers also.

[Lethn]

If we go by historical data there's always a sort of tipping point before a complete collapse of a hyperinflationary economy, it's just a question of when that point is which no one can really predict accurately, you can get close and there's always an absolute limit to this kind of thing but once the economy is finished there's a reason they call it a collapse because that's what happens, soon it won't matter how much central banks taper or print.

I don't know if we're they're yet, but these are certainly some major warning signs, I remember when the 2008 crash happened and the data all started looking like this which is why I'm working my arse off now so I can benefit from it and prepare

[spiderbrain]

I'm working my arse off now so I can benefit from it and prepare

If you don't mind me asking, what's your strategy for benefiting from the chaos...?

[Lethn]

I'm working my arse off now so I can benefit from it and prepare

If you don't mind me asking, what's your strategy for benefiting from the chaos...?

It's a secret! ^_^

Just kidding, I have various altcoins in mind and I plan on buying Gold/Silver as well but obviously I need to make some money in order to do that.

[Dr Bloggood]

Holy shit guys! It's getting much worse O_O S&P is taking a serious hit now too.

Yup, this is all looking very, very bad!

Usually, when things go down, they pull back up at least a little bit, but we had practically no upward movement. The point where this downward movement begins to feed on itself has been reached.

Even worse, the currencies of the emerging markets look horrible as well, and currencies don't lie. They are somehow linchpins for the economy, giving reliable signals. Although today currencies are looking better. Well, it can't always fall - especially something with as little volatility as currencies.

I expect a raise of QE at some point this year, and then the big question will be: Will that reverse be enough for the market to rise again (maybe even to new highs) and collapse later, or will the market have lost any confidence in the Fed by then and just accelerate its collapse?

I'm awaiting the reverse of QE and the answer of the market.

[Dr Bloggood]

To be honest, I didn't think it was going to happen so soon, my prediction was for a lot later but it looks like things were worse than I thought, either that or the federal reserve are going to yet again rush in and 'save' the day for awhile longer.

............Im digging around on news sites for sentiment.....and it seems like everyone is calling for a 'major top' in stocks. Well I dont know what to think about that because I think we are near one. what's the use of sentiment when you agree?

A trend in sentiment Ive seen on a lot of blogs goes something like 'death to the dollar' - swiftly followed by tapering. Everyone thinks the fed is bluffing and will keep printing. that is consistent with a crash in stocks....

maybe we should look to the reaction from this weeks NFP.

Blogs are not too good of a source for this, the more mainstream the source is, the better! What do daily newspapers, etc say? They were all very bullish just a short time ago.

[FeedbackLoop]

Blogs are not too good of a source for this, the more mainstream the source is, the better! What do daily newspapers, etc say? They were all very bullish just a short time ago.

+100

My impression is also that mainstream has been bullish for a couple of years with more alternative sources also calling a top for years (with a lot of people getting burned by that I assume)... when mainstream is fully bearish that is when you stop shorting/go long  

 
But perhaps more interesting than if markets go up or down is that, with fear back and all the QE BS a bit depleted, now economic news seem to matter again. Next interesting global data point: US factory orders at 10 EST.