Black Monday - 24th August 2015

It is a black Monday cause I had to come back to work after two week's leave. :(
 
The markets are crazy. Even usual good local shares like MTN and EOH were punished.
 
Despite all this volatility and markets tanking, the US is in pretty good condition. Nothing suggests that they are doing anything other than strengthen their position. It would be blood on the walls and floors if they were in any real trouble.
 
Xarog said:
Edit: So is anyone here rushing out to buy shares?
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Was my first instinct...but there is way too much fear in the market.

Its going to nosedive again tomorrow I reckon & halt the markets again.

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HavocXphere said:
Was my first instinct...but there is way too much fear in the market.

Its going to nosedive again tomorrow I reckon & halt the markets again.
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Aye, my question was rhetorical; Sure, there's a reasonable chance that some shares will turn a profit, but at what risk?
 
Since 2008, many countries have been patching up the bubble that grew with monopoly money. This cannot last and the bubble must break sooner or later.
China has posted artificial growth for years by buying commodities like iron and copper from emerging markets like SA. This they did by building new ultra modern cities with malls and skyscrapers as far as the eye can see.
Today, these are almost totally empty of people as the locals cannot afford to live in them. Now that these cities are completed, the imports of commodities have ceased causing the collapse of commodity prices.
Just my view but I smell a large correction looming when this bubble bursts. I hope I am wrong.
 
Oopsie said:
Since 2008, many countries have been patching up the bubble that grew with monopoly money. This cannot last and the bubble must break sooner or later.
China has posted artificial growth for years by buying commodities like iron and copper from emerging markets like SA. This they did by building new ultra modern cities with malls and skyscrapers as far as the eye can see.
Today, these are almost totally empty of people as the locals cannot afford to live in them. Now that these cities are completed, the imports of commodities have ceased causing the collapse of commodity prices.
Just my view but I smell a large correction looming when this bubble bursts. I hope I am wrong.
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China has used more concrete since the turn of the century than the United States used between 1900 and 2000. So no, I don't think you are wrong.
 
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