Dow futures tumbling more than 700 points

[Caolela]

^ True. It certainly doesn't reflect the real economy any more.

[Afrospinach]

Some Australian (?) singer.

Yeah....Australian. All of my hate.

Well to be fair, the stock market is about as based in reality as a video game.

Futures are pretty important and they are directly tied to something unlike shares in a company which can be a bit more vague.

For everyone saying people should just hang on to their "stocks" When you buy a future you are betting on the future value of something real. If you hang on to them too long you can end up having to take delivery, there is going to be a surplus of various things thanks to slowdown in china, THAT is why they are being dumped as you can bet they will be less valuable going forward. You cannot just sit on them like shares in Apple or whatever.

[Tierbook]

Dow Futures are back up.China seems to be the only one going down.

[Reeve]

For everyone saying people should just hang on to their "stocks" When you buy a future you are betting on the future value of something real. If you hang on to them too long you can end up having to take delivery, there is going to be a surplus of various things thanks to slowdown in china, THAT is why they are being dumped as you can bet they will be less valuable going forward. You cannot just sit on them like shares in Apple or whatever.

The article isn't about commodities futures. This is futures on the stock market, and mostly it was for the purpose of trading outside business hours. In that situation, you're perfectly happy taking delivery, since you're just getting shares of stock. And yes, you should sit on it in a crisis time like this.

[Thepersona]

welll, shanghai idex opened up with a 6,41% loss
it seems that the chinese cant conceal the huge debt that they have

[Tierbook]

welll, shanghai idex opened up with a 6,41% loss
it seems that the chinese cant conceal the huge debt that they have

Everyone else is up so that's good.

[Independent voter]

welll, shanghai idex opened up with a 6,41% loss
it seems that the chinese cant conceal the huge debt that they have

If the Chinese let us buy Chinese stock, there's probably a lot of good bargains to be had right now.

[Thepersona]

Everyone else is up so that's good.

my country is very dependent of china. we are a commodities exporter for the most part (so we're pretty much f*cked)

[Tierbook]

my country is very dependent of china. we are a commodities exporter for the most part (so we're pretty much f*cked)

yea probably

[ezgeze]

This is what happens when you start artificially propping up markets using gimmicks, sooner or later you need to come down to reality. Hello quantitative easing.

[breadisfunny]

i immediately read this thread as drow futures tumbling 700 points.

[Afrospinach]

The article isn't about commodities futures. This is futures on the stock market, and mostly it was for the purpose of trading outside business hours. In that situation, you're perfectly happy taking delivery, since you're just getting shares of stock. And yes, you should sit on it in a crisis time like this.

It still makes sense to me that people trading futures would want to dump them, they are probably speculators rather than investors.

[Rukh]

If the Chinese let us buy Chinese stock, there's probably a lot of good bargains to be had right now.

Not just yet there's not. This is going to take a while.

[Caolela]

Here's what's really going on. Listen and learn:

http://www.democracynow.org/2015/8/2...hael_hudson_on

[Deleted]

Guys

Stay calm, but let me quote myself from earlier in the day, before the US markets even opened:



Oh and

Just so you know

The DOW is down nearly 5% today

All those dip buyers are heavily in the red

Beware

I wouldn't say I told you so but

I told you so

Yesterday. Before the market even opened