Thanks My Ladies for letting us share from your private chatroom
MY LADIES: DOW CLOSED -3.2% MAYBE THE WEEKEND WILL SAVE THINGS...
LM: Fears over global slowdown hammer US stocks for 2nd day
By BERNARD CONDON and MATTHEW CRAFT
NEW YORK (AP) — The Dow Jones industrial average has plunged more than 530 points and is in a correction amid a global sell-off sparked by fears about China's slowing economy. Oil tumbled below $40 per barrel for the first time since the financial crisis.
The Dow Jones industrial average fell to 16,459.75, and ended down 3.1 percent on Friday. The Standard & Poor's 500 index dropped 64.84 points, or 3.2 percent, to 1,970.89. The Nasdaq slid 171.45 points, or 3.5 percent, to 4,706.04.
Joey: Bulletin Biggest weekly point drop for Dow since the worst week of the financial crisis
Bulletin Nasdaq plunges 3.5% for biggest one-day loss since June 4, 2010 »
This selloff is about China and emerging markets, with a dash of Fed
MVL: I witnessed a co-worker today literally shouting, "No! No! No!" at a TV that had the news on in a break room....and the Dow was down roughly 300 at that point. The person claimed they had lost over $20,000 from their 401k just since yesterday. I wonder what they are yelling now, with a negative close over 500...
PrincessDD: The dow finally closed down at -538.68
MY LADIES: 3.2 % PUT MARKETS INTO CORRECTION
PrincessDD: Isnt that based on all the collapsing of the currencies?
BRO: The market lost 725 billion dollars today. It lost 1.4 trillion this this week….. Dropped more than a thousand points.
Dale: if such a market crash has a devastating effect on the derivatives market I am a happy camper
PrincessDD: Maybe they will transition into the new banking system now
MVL: I still maintain the dollar isn't going anywhere for quite a while yet. The old system isn't just going to quietly fade away into that good night...my apologies to Mr. Whitman. I'm guessing more volatility, up and down, until the new system gets past its toddler stage.
PrincessDD: ML do you know how this article will affect the sale of the new bonds?
Iraq is heading to the bond markets with hopes of raising billions Baghdad plans to raise $6bn as ongoing battles with militants have decimated infrastructure.
Iraq is heading to the bond markets with hopes of raising billions, as low oil prices and the fight against Isis eat into state finances.
Deputy governor of Iraq’s central bank, Zuhair Ali Akbar, confirmed the country will issue $6bn (£3.9bn) in dollar-denominated debt, in its first bond issue for nearly a decade. Citi, Deutsche Bank and JP Morgan are understood to be working on the offering.
The glaring question is how successful the debt sale will be. Iraq’s 2028 bonds are currently trading at a yield of 8.54 per cent, after their price dropped from 92 cents per dollar to 79 cents. http://www.cityam.com/222803/isis-fight-sends-iraq-debt-markets
MY LADIES: WELL PRINCESS LOOK THINGS ARE NOT EASY IN THE MIDDLE EAST RIGHT NOW. OIL, ISIS, POLITICS, I MEAN JUST PICK YOUR PROBLEM I'M SURE IT'S THERE.
WILL INVESTORS BE BREAKING DOWN DOORS TO BUY THOSE BONDS??? HELL NO!
BUT...BUT.... THERE ARE A FEW THAT UNDERSTAND THE MIDDLE EAST IS THE BEGINNING OF TOMORROW.
THERE ARE SOME THAT HAVE TAKEN PAUSE AND SAID "HUMMM WHY IS THE MIDDLE EAST SELLING DEBT???"
"LIKE ALL THE MIDDLE EAST...JORDAN, SAUDI, EGYPT, OMAN, DUBAI, BAHRAIN,
HUMMMM AND THOSE FOLKS WILL LOOK CLOSER AND THEY WILL SEE..
.HUMMMM ALMOST ALL OF THE MIDDLE EAST IS BILATERAL TRADE WITH CHINA OR RUSSIA...
HUMMM..AND OVER 90 COUNTRIES ARE IN BILATERAL TRADE WITH IRAN....
HUMMM AND THEY WILL BE ABLE TO SEE THE FUTURE OF THOSE BONDS. THEY WILL BE ABLE TO SEE RIGHT PAST IRAQ AND LOOK AT THE MIDDLE EAST AS BASICALLY DEBT FREE REGION WITH SOLID BANKING PRACTICES AND REALIZE THAT IS WHERE THEY WANT TO BE.
AND THE WAY TO GET IN THE DOOR IS WITH BONDS, IRAQI, JORDANIAN, SAUDI, ALL OF IT. MIDDLE EAST DEBT IS A GREAT SAFE HAVEN. MIGHT SOUND CRAZY BUT JUST WATCH.
SO I THINK THE SALE WILL GO ON, THE ONLY THING LEFT IS THE INTEREST RATE.
More News Worldwide:
PrincessDD: Currency Wars: Who Will Devalue Next? Nigeria and Egypt are next!!
Princess DD: Kazakh currency falls 23% after switch to free-float http://www.taipeitimes.com/News/biz/archives/2015/08/21/2003625823
Princess DD: Rupee falls against US dollar; hits fresh 2-year low http://economictimes.indiatimes.com/articleshow/48569443.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Princess DD: Markets tank as fear grows
Princess DD: Africa Is Running Out of Options as China to Kazakhstan Devalue http://www.bloomberg.com/news/articles/2015-08-21/africa-is-running-out-of-options-as-china-to-kazakhstan-devalue
Princess DD: After Nuclear Deal With West, Iran Gears Up to Cash In http://www.nytimes.com/2015/08/22/world/middleeast/after-nuclear-deal-with-west-iran-gears-up-to-cash-in.html
Princess DD: Russia to compete with China for AIIB Bank leadership - Russian Ambassador http://www.turkishweekly.net/2015/08/20/news/russia-to-compete-with-china-for-aiib-bank-leadership-russian-ambassador/
Princess DD: China banking regulator issues guidance to bolster new Silk Road, regional development http://www.reuters.com/article/2015/08/21/china-investment-silkroad-idUSB9N0ZW00V20150821
Princess DD: China issues guidance to bolster new Silk Road, regional development http://economictimes.indiatimes.com/articleshow/48581336.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Princess DD: Kazakhstan Had No Choice on Floating Currency, Nazarbayev Says https://www.silkroadreporters.com/2015/08/21/kazakhstan-had-no-choice-on-floating-currency-nazarbayev-says/
Princess DD: Ruble Fall as Nordea Expects Deeper Slump on Kazakh Contagion https://www.silkroadreporters.com/2015/08/21/ruble-fall-as-nordea-expects-deeper-slump-on-kazakh-contagion/
PrincessDD: Get ready for yuan in IMF basket
It came as no surprise recently to read that the Chinese yuan, or renminbi, as it is also widely known, is set to replace the Japanese yen to become the fourth international currency within two years. http://europe.chinadaily.com.cn/epaper/2015-08/07/content_21525390.htm
Princess DD: U.S. Oil Prices Hit Fresh Six-Year Low, Dropping Below $40 a Barrel http://www.wsj.com/articles/oil-prices-fall-in-asia-after-weak-chinese-manufacturing-data-1440132261
Princess DD: As Currencies Sink Like A Ton Of BRICS, Is It A War? https://news.investors.com/economy/082115-767634-currencies-keep-devaluing-vs-dollar-so-what-is-next.htm
Princess DD: Currency swap deal with China helps Argentina's economy: report http://www.shanghaidaily.com/article/article_xinhua.aspx?id=298962