Boards is a douche bag.

TEOTWAWKI wrote:

boards of FL wrote:We're probably due for a recession.  Recessions happen.  

They're kinda like bat-shit-crazy claims being made by low-information libertarians, only they don't occur quite as often.

Yeah I got those charts off Bloomberg....

The one that I was responding to came from Zerohedge.

https://www.frbatlanta.org/cqer/research/gdpnow.aspx

Latest forecast — August 6, 2015

The first GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2015 was 1.0 percent on August 6. The model projects that lower inventory investment will subtract 1.7 percentage points from third quarter real GDP growth. Real GDP grew 2.3 percent in the second quarter according to the advance estimate from the U.S. Bureau of Economic Analysis.


1% ? whew, well I feel better ...LOL

Oh gee the market's having a bad day.....another....


And the dollar is dropping....look at gold ..sweet...

Teotwawki bump

Low information voters.

yehawwwww.....thanks Obama !!!! Market down over 1400 points....LOL

DJIA

16,850.93

-139.76

Perhaps my internet is acting up but when I navigate to yahoo finance I'm seeing an S&P that is $15 off of its all time high. Is that not what you're seeing as well?

boards of FL wrote:Perhaps my internet is acting up but when I navigate to yahoo finance I'm seeing an S&P that is $15 off of its all time high.  Is that not what you're seeing as well?

Sorry Alice but you are looking in the wrong mirror....

ZVUGKTUBM wrote:

TEOTWAWKI wrote:

DJIA

16,688.74

-301.95

-300 is just a blip on the radar screen. A buying opportunity may arise from this.

Do you own any stocks or mutual funds, Teo?

Yes but I reduced my exposure to less than 30% last year.

Bhahahahaha16,459.75
Real Time -530.94 -3.12%

Monday should be interesting.

This maybe just the prelude. May result in war. Definitely riots and martial law.

http://www.bloomberg.com/news/articles/2015-08-21/world-s-richest-people-lose-182-billion-as-market-rout-deepens

World’s Richest People Lose $182 Billion in Market Rout

Yes the article does say the rich folk barely felt the loss as their holdings are in the trillions....

Y'all better git preppin

I rather doubt this is the big dump...china is using it's bullets rapid fire. But I think we will see it in the next 6 months.

" "It is a China-driven macro panic," said Didier Duret,chief investment officer at ABN Amro. "Volatility will persist until we see better data there or strong policy action through forceful monetary easing."

Many traders had hoped that such support measures,which could include an interest rate cut,would have come from Beijing over the weekend after its main stocks markets slumped 11 percent last week.

With serious doubts also now emerging about the likelihood of a U.S. interest rate rise this year,the dollar slid against other major currencies.

The Australian dollar fell to six-year lows and many emerging market currencies also plunged,while the frantic dash to safety pushed the euro to a 6-1/2-month high above $1.15. The euro briefly shot to as high as $1.17."

AW shucks,

DJIA 15,666.44
-204.91

How will all of this affect the price of weed?

Demand way up, supply down, price way up.

TEOTWAWKI wrote:Demand way up,  supply down, price way up.  

I've heard there's actually been some oversupply in some of the legal States.

Pehaps what we need here is some technical analysis of changes in the price of weed vs the VIX?