2016 US Stock Market - worst start to a year ever

[FlyingHunter]

The U.S. stock market -- off to its worst start to a year ever -- saw an early rally fizzle out and finished sharply lower Friday after a big late-day selloff, dashing hopes for a market rebound despite a strong U.S. jobs report and a 2% rebound in Chinese stocks that had provided a brief but short-lived respite to a turbulent, historic week of trading.

The Dow Jones industrial average closed down 167.65 points, or 1.02%, to 16,346.45, putting it more than 10% below its record close last May and back in correction territory. The blue-chip barometer had been up by almost 140 points earlier in the session. The Dow finished the first week of trading in 2016 down 6.19% -- its worst five-day kickoff to a year ever, according to S&P Dow Jones Indices.

The late-day selloff was a "fitting end" to the Dow's worst opening week in history," Josh Selway, analyst at Schaeffer's Investment Research noted after the bleak week was over.

The massive selloff this week adds up to paper losses of roughly $1.3 trillion for the Wilshire 5000 Total Stock Market Index, according to Wilshire.

I've personally had to tighten my seat belt at record levels to handle the volatility and refrain from the urge to sell before shares go even lower. Breathe, think long term, try to think about something else...has been my mantra for the last week

[Outlander Systems]

Only. Game. In. Town.

You got this. The chicanery, tomfoolery, a scallawagery, and voodoo is limitless. The Wizards of Wall Street will move Heaven and Earth to keep The Casino going.


The U.S. stock market -- off to its worst start to a year ever -- saw an early rally fizzle out and finished sharply lower Friday after a big late-day selloff, dashing hopes for a market rebound despite a strong U.S. jobs report and a 2% rebound in Chinese stocks that had provided a brief but short-lived respite to a turbulent, historic week of trading.

The Dow Jones industrial average closed down 167.65 points, or 1.02%, to 16,346.45, putting it more than 10% below its record close last May and back in correction territory. The blue-chip barometer had been up by almost 140 points earlier in the session. The Dow finished the first week of trading in 2016 down 6.19% -- its worst five-day kickoff to a year ever, according to S&P Dow Jones Indices.

The late-day selloff was a "fitting end" to the Dow's worst opening week in history," Josh Selway, analyst at Schaeffer's Investment Research noted after the bleak week was over.

The massive selloff this week adds up to paper losses of roughly $1.3 trillion for the Wilshire 5000 Total Stock Market Index, according to Wilshire.

I've personally had to tighten my seat belt at record levels to handle the volatility and refrain from the urge to sell before shares go even lower. Breathe, think long term, try to think about something else...has been my mantra for the last week

[Straight Shooter]

They can only do SO MUCH shuckin & jiving. Sooner or later...its gonna fall.
My recent thread on this was met with many repsonses..agree/disagree..crazy/right on.
After everything is said and done..I don't believe theres gonna be a "longterm", FH.

[Moose-Knuckle]

OMG tinfoil tinfoil . . . you guys just need to sit back and enjoy the bread and circuses. There is game on somewhere.



From the #1 economic hit-man himself . . .



“China has a major adjustment problem,” Soros said. “I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.” - George Soros
http://www.bloomberg.com/news/articles/2016-01-07/global-markets-at-the-beginning-of-a-crisis-george-soros-says

[rjacobs]

Biggest problem with the economy/financial markets/etc... is that we should have let shit get WAY WORSE in the 07/08/09 time frame, let a bunch of shit fail, close down, etc... and then gone in and cleaned up instead of propping up all the bull shit banks on all the crazy ass bets they made and are still making. Yea it would have been worse and maybe gone into a full blown depression, but I also think we would have recovered faster. Here we are almost a decade later and we still have lingering issues that were caused by the recession. Nothing was really fixed. The markets have been propped up by almost 8 years of 0% interest plus ~4 trillion dollars pumped into them. Markets arent standing on their own and losing QE and 0% interest rates are showing. Its like a drunk/drug addict going to rehab. Going to be a rough go of things while we come off the booze and crack of the last 8 years, but in the end things will be better.

Im actually RELISHING in the fact that the markets are tanking and hope they continue to tank.

[RCI1911]

The market is not tethered to reality or the economy. Near zero interest rates have pushed debt - fueled spending. The market has been flat for over a year. We should have crazy inflation right now given the Feds money printing but we don't because we actually have deflationary forces at work and yet the Fed still increased interest rates to save face. Not sure how things go up from here. I'm expecting a major correction (or cash) in the near future. The levels of debt that are out there make the 2008 crisis look like child's play. Go safe and choose wisely.