patrick.net

I'm gonna go hide under me bed

Dent has been spectacularly wrong http://www.cbsnews.com/news/harry-dent-and-the-chamber-of-poor-returns/

smaulgld says

Dent has been spectacularly wrong http://www.cbsnews.com/news/harry-dent-and-the-chamber-of-poor-returns/

I don't really know (or follow) the fellow, but I guess he was REALLY really correct about the Japanese real estate bubble back when. But there again, even a stopped clock is right twice a day (on the other hand Obama has never been right about anything).

he's wrong.

Futures down tonight - was it Harry Dent?!

Global stock markets tumbled Monday as worries over China's economy and instability in the Middle East combined to spook investors.
The pain was most acute in China, where trading was halted prematurely after weak manufacturing data sent shares plummeting. The benchmark Shanghai Composite shed 6.9%, while the Shenzhen Composite lost more than 8%.

The trading halt was China's first-ever use of circuit breakers -- a kind of emergency brake -- on main exchanges.
Elsewhere in Asia, Tokyo's Nikkei 225 closed down 3.1% while the Hang Seng shed 2.7%.

http://money.cnn.com/2016/01/04/investing/china-stocks-pmi-factory-halted/index.html

7% drop in Chinese stocks in one day. Maybe the Chinese economy is finally slowing down-what will that do to bay area real estate?

His name isn't Stock-Man for nothing...

What about fantasy lands?
Why do you hate fake estates?

lostand confused says

Maybe the Chinese economy is finally slowing down-what will that do to bay area real estate?

The stocks opened down around 350 points.
Buy now. Buy now. Buy now.

lostand confused says

Maybe the Chinese economy is finally slowing down

Yeah, from a 6.9% growth rate to a 6.1% annual growth rate. Is that supposed to worry me?

Good thing I don't have any naked puts sold right now, but I'm going to have to think about selling some.

It's all Obama's fault!!!

On my watch list AMD seems to be the biggest loser, at -8.19%

I will wait it out. I want to buy a ton of Ford-when it hits single digits. it went down to 10, but then up to 14 again. Will wait. Took a small position in Ensco the oil driller. Might add some to it.
Am looking at FLATX-latin American mutual fund-it has been beaten down pretty hard.

Have a few more in mind, but want to wait for more appropriate prices-these are still peak prices.

zzyzzx says

Yeah, from a 6.9% growth rate to a 6.1% annual growth rate. Is that supposed to worry me?

In this video Jim Stamos states in it's hay day China was growing at 15% with 5% inflation for a net of 10% growth, today it is at 7% with 2% deflation for a net of 5% growth. The Chinese economy has been slowing 2% a year for 5 years. If the US borrowed as much as the Chinese do the US would be growing at 7% a year.

China is over-invested big time.

The billionaire short seller famous for predicting the collapse of Enron sees China on the brink, and calls Xi Jinping akin to Vladimir Putin.

http://money.cnn.com/video/news/economy/2015/10/08/jim-chanos-china-bear-market.cnnmoney/

Chanos has been predicting a crash in China for years now.

Even if China collapses by 5% over 2-3 years, it's still nothing compared to their gains over the past 10.

China has been on ignore mode on Reality since 2008.
They should have crashed harder than we did. They didn't because of all of the currency manipulation, and all of the Ghost Metropolis they built, to keep the illusion of growth going.
It's the only reason that they haven't become the worlds reserve currency because everyone knows what a fetid vat of sour mash their economy really is.
As far as our market. This is how the elite pulls their money out of the top, while they tell everyone it's volatility in the market, and tells everyone to stay put while they make a 20% correction.
Which is just them selling their stocks off while the gittin' is good. We'll be back to 17K by Christmas.

China?

The Real Story that'll cause The Contagion will be the collapse and anarchy in Saudi Arabia

KSA ran a desperate campaign to derail the Russian intervention in Syria and failed; and their dumping of oil to lower prices hurt Russia's economy. The KSA intervention is Yemen is a joke, despite their largely unreported willingness to deliberately target civilians in markets and colleges and soda factories. The Houthi are raiding into KSA areas now; the KSA's Paki Mercenaries are getting trounced.
http://www.thenational.ae/world/middle-east/saudi-arabias-foreign-minister-to-visit-russia-for-talks-on-syria-conflict

And the public is becoming more aware of the lack of serious contrast between AQ/ISIS and Saudi Arabia in their conception of Islamic Law.

B.A.C.A.H. says

The Real Story that'll cause The Contagion will be the collapse and anarchy in Saudi Arabia

I would think that has the potential to sends oil prices soaring. Which should send the stock market soaring as well, since supposedly low oil prices causes the US stock market to take a dump (although I personally don't understand how low oil prices causing Americans having more disposable income is always bad for the stock market).

zzyzzx says

Yeah, from a 6.9% growth rate to a 6.1% annual growth rate. Is that supposed to worry me?

This is in a context where they are accumulating debts at a rapid clip.
The worry is not going from 6.9% to 6.1%. The worry is what will happen when debts stop going up so fast.

http://democracyjournal.org/magazine/36/the-coming-china-crisis/

China jittery yet another night - the ghost of Dent strikes again!

mell says

the ghost of Dent strikes again!

It is exacerbated by huge over-investment, not just demographics.

Is there anything I can do to speed it along?