JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
Dow falls more than 1,000 points on opening after stocks tumble worldwide-new york stock exchange-By James F. Peltz contact the reporter-LOSANGELES TIMES-AUG 24,15
The Dow Jones industrial average plunged 1,000 points at the opening Monday as the U.S. stock market extended a rout that followed severe market declines in China and elsewhere in Asia and Europe amid growing worry about China’s economy.The blue-chip industrials edged somewhat higher after the opening bell but were still off 650 points, or nearly 4%, at 15,840. The average has now skidded more than 2,400 points, or more than 15%, from its record high 18,312.39 set on May 19.The Dow Jones industrials’ worst point drop for a full day was 777.68 points on Sept. 29, 2008, which amounted to a 6.98% drop. The average’s worst percentage decline for a full session was 22.6% on Oct. 19, 1987.Other key U.S. indexes also plunged Monday into so-called “correction” territory – a decline of 10% or more – over the three days.The benchmark Standard & Poor’s 500 index was down about 160 points, or more than 3% in early trading, at about 1,910.The Nasdaq composite index skidded 261.88 points, or 5.6%, in early trading, to about 4,550.Among the market’s leading stocks, Apple Inc. fell 5.6% to $99.88 a share, General Electric Co. was down 4.9% at $23.39 and Netflix Inc. plummeted 10.8% to $93.15 a share.Traders looking for a safer haven bid up Treasury bond prices, sending their yields sharply lower. The yield on the 10-year Treasury bond fell below 2% for the first time since April, to 1.96%.U.S. and foreign stocks again followed a massive selloff in China amid growing fears about China's slowing economy and the ripple effect it could have on corporations worldwide that do business with China.China's benchmark indicator, the Shanghai composite index, tumbled 8.5% on Monday, while the Nikkei index in Japan skidded 4.6%, as did the Stoxx Europe 50 index in Europe. Major indices also fell in Germany and Taiwan.Twitter: @peltzlatimes
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/08/stock-market-crash-was-inevitable-and.html
http://israndjer.blogspot.ca/2015/08/imf-its-premature-to-say-china-is.html
http://israndjer.blogspot.ca/2015/08/10-currencies-that-may-follow.html
http://israndjer.blogspot.ca/2015/08/11-chinese-banks-ask-for-bailouts.html
http://israndjer.blogspot.ca/2015/08/north-korea-threatens-us-what-china.html
http://israndjer.blogspot.ca/2015/08/what-kinda-story-is-this-america-used.html
http://israndjer.blogspot.ca/2015/08/112-now-dead-722-injured-in-china-port.html
http://israndjer.blogspot.ca/2015/08/china-devalues-currency-for-3rd-day.html
http://israndjer.blogspot.ca/2015/08/china-currency-wars-angers.html
http://israndjer.blogspot.ca/2015/08/china-devalues-currency-for-second-day.html
http://israndjer.blogspot.ca/2015/08/china-devalues-its-currency-stocks-fall.html
GREECE NEWS
http://israndjer.blogspot.ca/2015/08/typhoons-fires-koreas-talk-planned.html
http://israndjer.blogspot.ca/2015/08/tsipras-resigns-for-greece-elections.html
http://israndjer.blogspot.ca/2015/08/china-says-it-arrested-15000-people-for.html
http://israndjer.blogspot.ca/2015/08/russia-and-nato-rehearsing-for-war.html
http://israndjer.blogspot.ca/2015/08/at-least-56-dead-720-injured-in-chinese.html
http://israndjer.blogspot.ca/2015/08/greece-lenders-clinch-bailout-deal.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
UPDATE-AUGUST 24,2015-09:35AM
AT THE OPEN LOW ON VOLATILITY I SEEN THE DOW WAS DOWN 1,089 POINTS AT 9:35AM.
DOW MARKET BLACK MONDAY-AUG 24,2015 COLLAPSE.
09:30AM-931.00-
09:45AM-552.49-
10:00AM-681.44-
10:15AM-460.89-
10:30AM-316.89-
10:45AM-405.38-
11:00AM-364.31-
11:15AM-443.76-
11:30AM-475.06-
11:45AM-352.43-
12:00PM-207.61-
12:15PM-245.02-
12:30PM-153.23-
12:45PM-127.44-
01:00PM-158.08-
01:15PM-136.57-
01:30PM-222.21-
01:45PM-301.31-
02:00PM-335.83-
02:15PM-434.43-
02:30PM-407.47-
02:45PM-421.14-
03:00PM-639.21-
03:15PM-584.73-
03:30PM-669.50-
03:45PM-494.20-
04:00PM-588.47- 15,871.28
HIGH TODAY -99 POINTS LOW TODAY -1,089 POINTS
UPDATE-AUGUST 24,2015-08:05AM
THE DOW FUTURES HIT -707 POINTS AT 8:05AM OR 4%-THIS COULD GET REALLY UGLY TODAY IN AMERICA.
AND I GUESS I WAS SO MAD AT ALL THE SEPTEMBER DATE SETTERS. I MADE A MISTAKE IN MY 666 CALCULATIONS. AUGUST IS THE 8TH MONTH-NOT THE 9TH. SO THE 666 BAD MARKET DAY COULD BE SEPTEMBER 24,2015. BY MY CALCULATIONS AND MISTAKE. AND FIRST COMES THE WORLD STOCK MARKET CRASH. THEN TO DISTRACT THE PEOPLE FROM THE STOCK MARKET CRASH-COMES A MAJOR WAR FROM 2 MAJOR NUCLEAR SUPER POWERS. WE WILL SEE HOW THIS CRASH PLAYS OUT THIS WEEK.
THE CENTRAL BANKS ARE READY TO INTERVENE IN THIS WORLD STOCK MARKET CRASH.IF THEY HAVE TO.
GLOBAL MARKETS REMAIN DEPENDENT ON CENTRAL BANKS-BIS
https://www.bis.org/
https://www.bis.org/bcbs/publ/d333.htm
https://www.bis.org/publ/arpdf/ar2015e2.htm
https://www.bis.org/publ/arpdf/ar2015e.htm
Dow Jones industrial average finishes down 585 points after day of massive swings-Associated Press-aug 24,15-yahoonews
NEW YORK (AP) -- Dow Jones industrial average finishes down 585 points after day of massive swings.
STOCKS GET CLOBBERED IN A CHAOTIC DAY ON WALL STREET: Here's what you need to know-Business Insider By Myles Udland-aug 24,15-yahoonews
New York Stock Exchange, October 1929-It was an ugly start to the week on Wall Street. After stocks had their worst week in 4 years, markets started this week deep in the red in a chaotic day that saw the major US indexes all fall more than 3%.The Dow lost more than 500 points for the second straight day, while the S&P 500 officially tipped into "correction" territory, defined as a 10% decline from recent highs. On a points basis, Monday was the 8th-largest decline in the Dow's history. Crude oil also crashed to a new post-financial low with West Texas Intermediate crude oil falling more than 6% to break $38 a barrel.
First, the scoreboard: Dow: 15,875.16, -584, (-3.5%)-S&P 500: 1,893.63, -77.26, (-3.9%)-Nasdaq: 4,527.13, -178.91, (-3.8%)
And now, the top stories on Monday:It was a chaotic day in markets. Overnight, stocks in China fell more than 8%, while stocks in Europe got crushed on Monday and commodities broke to new lows. Amid this chaos, US stocks opened sharply lower, with the Dow losing more than 1,000 points shortly after the market open while the S&P 500 lost about 5% early. Stocks quickly ripped higher off these levels but gave up gains into the close, with the Dow having one of its worst one-day declines ever. In an afternoon email, Peter Tchir at Brean Capital wrote that the action at the market open looked more like a massive dislocation than capitulation, adding that, "I am nervous that in the time it took me to type this the Dow could be plus or minus 200 points since I started." It was that kind of day.Rich Barry, a floor governor at the New York Stock Exchange, however, saw Monday's market action as a capitulation, which he defined as when, "investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into less risky investments. True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling."Amid the market chaos, one of the biggest calls to come out of Wall Street on Monday was from economists at Barclays, who pushed back their rate hike call for the Federal Reserve from September 2015 to March 2016. In a note to clients, Barclays economists Michael Gapen and Rob Martin wrote: "Although we continue to see economic activity in the US as solid and justifying modest rate hikes, we believe the Federal Reserve is unlikely to begin a hiking cycle in this environment for fear that such a move may further destabilize markets. Instead, we believe the FOMC will delay the start of the rate hike cycle beyond September as a means to offset tighter financial conditions while it evaluates the effect of recent volatility." That was quick. Crude oil, which has fallen about 60% from a year ago, crashed to a stunning new post-financial crisis low. West Texas Intermediate crude oil fell more than 6% to below $38 a barrel while Brent crude, the international benchmark, declined nearly 7% to as low as $42.35 a barrel. In addition to crude oil, the entire commodity complex got destroyed on Monday and now some strategists are looking at the potential for the diverging correlation between commodity and stock prices to converge — which could be bad news for stocks. In a note to clients, Kit Juckes at Societe Generale wrote, "The divergence between global commodity prices and equities is not a new theme but the danger now is that they begin to re-correlate — as they did when the dotcom bubble burst in 2000 and what had previously been an emerging market crisis became a US recession."Market volatility is also something for Wall Street's investment banks to worry about now, too. As Business Insider's Jonathan Marino reported, Wall Street investment banks are likely to see a big decline in deal volume into the end of the year, with one banker telling Business Insider, "The last 10 days certainly could put a chill into big deals for the balance of the year."Apple, the market's biggest company, was in the news on Monday after Apple CEO Tim Cook sent CNBC's Jim Cramer an email quelling fears about Apple's sales in China. "I get updates on our performance in China every day, including this morning" Cook wrote, "and I can tell you that we have continued to experience strong growth for our business in China through July and August." Apple shares fell about 6% to below $100 a share early in the day before shooting higher and rolling over late in the afternoon to close down 2%.
Some Oil Companies a Few Weeks Away From Bankruptcy, Analyst Says-By Rhonda Schaffler| 08/24/15 - 03:42 PM EDT-the street
NEW YORK (TheStreet) -- The recent steep drop in oil prices may lead to some oil company going out of business within a few weeks, according to Amrita Sen, Senior Oil Analyst at Energy Aspects.Low oil prices could reduce companies' borrowing lines of credit from banks, which come up for renewal on October 1, Sen explained."The banks will look back at the last twelve months of WTI prices, which on average has been about $45 a barrel if not lower," said Sen. "And suddenly the amount of money available to these U.S. producers to borrow is half, less than half in some cases, compared to a year ago. That makes it very, very difficult for them to continue investing, continue drilling."STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.If prices stay at current levels or drop further, Sen said she expects some companies will be forced to file for bankruptcy as early as October.Must Read: Warren Buffet's Top 10 Stock Buys-Linn Energy (LINE - Get Report) and Energy XXI (EXXI - Get Report) have already exhausted more than 75% of the credit available to them, and they are in a "more tricky position" than some of the bigger companies, Sen said, and pointed to them as possible bankruptcy candidates.In research published Monday, Sen wrote there are several companies likely to see their borrowing bases reduced by over 50%.She added that Midstates Petroleum (MPO - Get Report), Resolute Energy (REN - Get Report), W&T Offshore (WTI - Get Report), Breitburn Energy (BBEP - Get Report), Energy XXI and Comstock Petroleum have seen their borrowing facilities reduced the most.A reduction in credit will force further capital expenditure cuts among energy companies, said Sen.What's driving Monday's crude selloff, according to Sen, are fears of weakening demand from China, along with continued oversupply.But she added the supply/demand situation will improve, adding that Energy Aspects has identified at least 5-million barrels a day of projects that have been delayed or cancelled. By the end of next year, Sen predicts, supplies will tighten, and prices could easily more than double from where they are today.
Mon, Aug 24, 2015, 11:55 AM EDT - U.S. Markets close in 4 hrs 5 mins-Europe stocks end 5% lower in massive slump-CNBC By Arjun Kharpal
European markets closed sharply lower on Monday, despite paring some losses, as the steep selloff in stock markets around the world continued.The pan-European Stoxx 600 (^STOXX) index pared some losses finishing down 5.3 percent, having sank a massive 6.7 percent around the U.S. open.London's FTSE 100 (FTSE International: .FTSE) index ended down 4.4 percent, the German DAX (^GDAXI) was off by around 4.7 percent, while the French CAC (Euronext Paris: .FCHI) slipped over 5.5 percent, recovering from an earlier 7 percent drop in trade.The worst hit among major European bourses was Greece, which closed down around 10.5 percent.It comes as Friday's losses on Wall Street stretched into Asian trading Monday morning, with China's Shanghai Composite (Shanghai Stock Exchange: .SSEC) index ending the day down 8.5 percent as panic about the country's economic issues spread.U.S. stocks plummeted on Monday , following a renewed rout in global markets, under severe pressure from continued fears of slowing growth in China spilling over internationally.The Dow Jones industrial average traded about 300 to 500 points lower after falling as much as 1,089 points in the open.Last week, the benchmark Dow Jones Composite Average (Dow Jones Global Indexes: .DJA) index lost around $338 billion in market value - which is roughly equivalent to the size of ExxonMobil (XOM), Berkshire Hathaway (BRK-A), or Microsoft (MSFT).Having plummeted 6.4 percent in earlier trade, Europe's pan-European FTSEurofirst 300 lost more than 500 billion euros ($582.5 billion) in value from the index's total market capitalization, according to Reuters.For the month of August, there has been more stock market volatility than any month in 25 years.With the exception of a handful, companies on the Stoxx 600 were trading in negative territory.The Stoxx 600 basic resource and oil and gas sectors were hammered after the oil price sank to fresh six-and-half year lows on concerns over global growth and as investors continued to worry about the health of the Chinese economy.Glencore (London Stock Exchange: GLEN-GB) plunged over 10 percent, while Seadrill (Oslo Stock Exchange: SDRL-NO) and Tullow Oil (London Stock Exchange: TLW-GB) were around 8.8 and 9.8 percent lower, respectively.Fiat Chrysler (Milan Stock Exchange: FCA-IT) and Renault (Euronext Paris: RNO-FR) were two of the hardest-hit autos stocks on Monday, as both traded deep in negative territory.Europe's technology sector was also hit, but pared losses. German-listed Dialog Semicon (XETRA:DLG-DE) was down over 3 percent while Nokia (Helsinki Stock Exchange: NOKIA-FI) and Alcatel-Lucent (Euronext Paris: ALU-FR) were around 5.5 percent lower.Spain's Abengoa (Mercado Continuo: ABG-ES) was the one of six stocks in the green, up over 4.5 percent, after it won a contract worth $93 million to build a new port terminal in Uruguay.
VIX 'fear index' skyrockets to highest level in nearly 7 years-Published: Aug 24, 2015 11:48 a.m. ET-By Wallace Witkowski-Reporter-market watch
The CBOE Volatility Index VIX, +35.21% jumped to its highest level in more than six-and-a-half years Monday following a broad early morning stock selloff. The VIX, or so-called "fear index," hit an intraday high of 53.29 at the beginning of the trading day, its highest reading since January 21, 2009, as the Dow Jones Industrial Average DJIA, -2.06% plummeted more than 1,000 points, and the S&P 500 Index SPX, -2.23% dropped more than 100 points. At last check, the VIX was up 35% at 37.13, as stock losses pared about halfway. Last week, the VIX saw its largest weekly surge in the history of the index, as it soared more than 46% on Friday.If you snooze you lose. Today was the buying opportunity we've all been waiting for. I was looking for VIX-30 this week and saw VIX-50 instead. Today's sell-off is way, way, way overdone. We should see subsequent consolidation all week long with a recovery to follow.
The 6 stocks absolutely crashing the Dow-Matt Krantz, USA TODAY 10:15 a.m. EDT August 24, 2015-USATODAY
No doubt about it: The entire Dow is crashing. But there's no question that much of the extreme pain is concentrated in some hard-hit stocks.There are six stocks in the Dow Jones industrial average, including drugmaker Merck (MRK), bank JPMorgan Chase (JPM) and technology giant Apple (AAPL) which are all down 10% or more today. And what really hurt is that three of these stocks were worth more than $100 a share last week - which puts even more pressure on the Dow since this market measure gives more weight to the stocks with the highest per-share values.
DOW STOCKS DOWN THE MOST ON A PERCENTAGE BASIS MONDAY
Company Symbol % ch. Monday
Merck MRK -16.4%
UnitedHealth UNH -14.8%
Home Depot HD -14.1%
JPMorgan Chase JPM -13.9%
Verizon VZ -13.7%
Apple AAPL -10.3%
Sources: S&P Capital IQ, USA TODAY research
Drugmaker Merck is the worst-off of any stock in the Dow on a percentage basis. The stock is down a crushing 16.4% - just today. This massive one-day selloff puts this blue-chip medical down down 22% since the market peaked on May 21.But serving up a shock investors weren't expecting is the crash in JP Morgan shares. Investors thought banks could be big winners from the Federal Reserve's expected hike in short-term interest rates. But Monday, shares of the giant bank are off 14% - losing nearly 18% of their value since the May 21 peak.Given that the Dow gives greater weight to stocks with the highest per-share prices - it's useful to see which individual high-priced stocks are inflicting the most damage. Here the number one contributor of pain is health insurer UnitedHealth - where the shares are down $17.19 a share - just today - in the biggest point loss in the Dow. Shares are off 14.8% to $99.09.But the highest-priced Dow stock of them all, Goldman Sach, is also inflicting big-time pain. The stock is down $11.08 a share - or 6% - $176.66 Monday. That's a major blow given the stock's per-share price.
DOW STOCKS DOWN THE MOST ON A DOLLAR BASIS MONDAY
Company Symbol $ ch. Monday
UnitedHealth UNH $17.19
Home Depot HD $16.34
Boeing BA $12.07
Goldman Sachs GS $11.08
Apple AAPL $10.88
Sources: S&P Capital IQ, USA TODAY research
Stock futures fall sharply as Chinese stocks plunge-Reuters-AUG 24,15-YAHOONEWS
(Reuters) - U.S. stock index futures fell sharply on Monday as Chinese stocks plunged more than 8 percent after Beijing did not come through with further support in response to the market's rout last week.S&P 500 e-minis (ESc1) were down 46 points, or 2.33 percent, with 752,999 contracts traded by 6:24 a.m. ET.Nasdaq 100 e-minis (NQc1) were down 160.5 points, or 3.82 percent, on volume of 106,028 contracts, while Dow e-minis (1YMc1) were down 414 points, or 2.51 percent, with 95,546 contracts exchanged.(Reporting by Tanya Agrawal; Editing by Ted Kerr)
Mon, Aug 24, 2015, 6:45 AM EDT - U.S. Markets open in 2 hrs 45 mins-Great fall of China sinks world stocks, dollar tumbles-Reuters-AUG 24,15-YAHOONEWS
LONDON (Reuters) - Alarm bells rang across world markets on Monday as a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors.European stocks opened more than 3 percent in the red after their Asian counterparts slumped to 3-year lows as a three month-long rout in Chinese equities threatened to get out of hand.Safe-haven government bonds and the yen and the euro rallied as widespread fears of a China-led global economic slowdown and currency war kicked in."It is a China driven macro panic," said Didier Duret, chief investment officer at ABN Amro. "Volatility will persist until we see better data there or strong policy action through forceful monetary easing."With serious doubts now emerging about the likelihood of a U.S. interest rate rise this year, the dollar slid against other major currencies. It was last at 120.25 yen its lowest in three months.The Australian dollar fell to six-year lows and many emerging market currencies also plunged, whilst the frantic dash to safety pushed the euro to a 6-1/2-month high."Things are starting look like the Asian financial crisis in the late 1990s. Speculators are selling assets that seem the most vulnerable," said Takako Masai, head of research at Shinsei Bank in Tokyo.Commodity markets took a fresh battering. Brent and U.S. crude oil futures hit 6-1/2-year lows as concerns about a global supply glut added to worries over potentially weaker demand from China.U.S. crude was down 3 percent at $39.20 a barrel while Brent lost 2.4 percent to $44.40 a barrel.Copper, seen as a barometer of global industrial demand, tumbled 2.5 percent, with three-month copper on the London Metal Exchange hitting a six-year low of $4,920 a tonne. Nickel slid 4.6 percent to its lowest since 2009 at $9,730 a tonne.GREAT FALL OF CHINA-The near 9 percent slump in Chinese stocks was their worst performance since the depths of the global financial crisis in 2009 and wiped out what was left of the 2015 gains, which in June has been more than 50 percent.The latest rout was rooted in investor disappointment that Beijing did not announce expected policy support over the weekend after its markets shed 11 percent last week.Compounding the real-time falls all index futures contracts slumped by their 10 percent daily limit, pointing to more bad days ahead.MSCI's broadest index of Asia-Pacific shares outside Japan fell 5.1 percent to a three-year low. Tokyo's Nikkei was down 4.1 percent and Australian and Indonesian shares hit two-year troughs."China could be forced to devalue the yuan even more, should its economy falter, and the equity markets are dealing with the prospect of a weaker yuan amplifying the negative impact from a sluggish Chinese economy," said Eiji Kinouchi, chief technical analyst at Daiwa Securities in Tokyo.There was further evidence that developed markets were becoming synchronised with the troubles. London's FTSE which has a large number of global miners and oil firms, was down for its 10th straight day, its worst run since 2003.The pan-European FTSEurofirst 300, meanwhile, was down 3.1 percent by 0830 GMT at 1,382.15 points, wiping around 260 billion euros ($298.61 billion) off the index and taking its losses for the month to more that 1 trillion euros.U.S. stock futures also pointed to larger losses for Wall Street's main markets, with the S&P 500, Dow Jones Industrial and Nasdaq expected to open down 1.8, 2.2 and 3.1 percent respectively."We are in the midst of a full-blown growth scare," strategists at JP Morgan Cazenove said in a note.($1 = 0.8707 euros)(Additional reporting by Pete Sweeney in Beijing and Shinichi Saoshiro Hideyuki Sano in Tokyo; editing by John Stonestreet and Anna Willard)
Stock Rout Spreads Through Europe After China Plunge-Nick Gentle Stephen Kirkland-Updated on August 24, 2015 — 6:27 AM EDT-BLOOMBERG
Is This the Start of a Global Economic Slowdown?
A wave of selling gripped global markets as the rout in all but the safest assets deepened.Chinese shares tumbled by the most since 2007, stocks in Germany headed for a bear market and commodities fell to a 16-year low. Russia’s ruble led a selloff in emerging-market currencies, while the yen strengthened and 10-year Treasury yields slid below 2 percent for the first time since April. Futures signaled U.S. equities will retreat for a fifth day.“Everyone seems to be selling off, and there’s panic,” said Michael Woischneck who helps oversee the equivalent of $7.1 billion at Lampe Asset Management GmbH in Dusseldorf, Germany. “There’s no rational choice anymore, no rational reaction. The Americans will add to the European selling.”More than $5 trillion has been erased from the value of global equities since China unexpectedly devalued the yuan on Aug. 11, fueling concern that the slowdown in the world’s second-largest economy is worse than anticipated. The rout is shaking confidence that the global economy will be strong enough to withstand higher U.S. interest rates, even as bets ease on a September increase.Developing economies bore the brunt of the selloff, with the MSCI Emerging Markets Index sliding 4.6 percent at 6:24 a.m in New York, headed for the biggest one-day drop since September 2011. Basic-resource producers led losses as Brent crude tumbled through $45 a barrel. Treasury 10-year note yields fell as low as 1.97 percent.“We’re definitely getting a lot of calls from clients,” Michele Santangelo, a money manager at Vunani Private Clients, said by phone from Johannesburg. “You’re seeing a lot of capitulation, people selling for the sake of selling and wanting to get out of the market.”Shares in all but one company fell in the Stoxx Europe 600 Index, driving the gauge down 3.3 percent. Germany’s DAX Index retreated 2.9 percent, taking the decline from its peak in April to more than 20 percent.Standard & Poor’s 500 Index futures dropped 2.4 percent. Investors are selling their most-loved stocks, with Apple Inc. and Netflix Inc. losing more than 4 percent in early New York trading.The selloff will worsen, according to Doug Ramsey, the chief investment officer of Leuthold Weeden Capital Management LLC, whose quantitative research into market breadth, valuation and investor sentiment foreshadowed the drubbing in American stocks last week.In Asia, the Shanghai Composite Index slid 8.5 percent and Hong Kong’s Hang Seng Index fell 5.8 percent, tumbling further into a bear market. The measure is about 25 percent below an April high, with a gauge of price momentum dropping to the lowest since the October 1987 stock-market crash.“This is a real disaster and it seems nothing can stop it,” said Chen Gang, Shanghai-based chief investment officer at Heqitongyi Asset Management Co.Greater China equities plummeted, with Taiwan’s benchmark gauge dropping as much as 7.5 percent. More than $4 trillion was wiped from the value of Chinese equities from June 12 through Friday.Commodities Slide-The Bloomberg Commodity Index fell 2.1 percent, heading for the lowest closing level since August 1999.Brent and West Texas Intermediate crudes both traded at six-year lows of $44.36 and $39.36 a barrel, respectively. Gold, a haven for investors during volatile trading, slipped 0.2 percent to $1,58.34, the smallest decline among 10 precious and industrial metals in London.Currencies of basic resource-producing countries led declines, with the ruble tumbling 2.9 percent to 71.15 per dollar and Malaysia’s ringgit sliding 1.8 percent to a fresh 17- year low. South Africa’s rand dropped 1.7 percent and New Zealand’s currency weakened 1.4 percent.Turkey’s lira retreated 0.7 percent. A deadline for a coalition government passed, putting the country on course for its second parliamentary election this year.The yen advanced with the euro as Treasuries rallied amid speculation the global selloff will forestall the Federal Reserve’s first interest-rate increase since 2006.Japan’s currency jumped 1.2 percent to 120.66 per dollar, the strongest since July 9 and the euro climbed for a fourth day against the dollar, strengthening to $1.15 for the first time since February.Fed funds futures now show a probability of a December rate increase at 55 percent versus 61.1 percent on Friday. Bets on the first increase in rates in almost a decade in September fell to 28 percent, down from 34 percent.
China’s Stocks Sink Most Since 2007 as State Intervention Fails-Bloomberg News-Updated on August 24, 2015 — 4:10 AM EDT-BLOOMBERG
China’s stocks plunged the most since 2007 as government support measures failed to allay investor concern that a slowdown in the world’s second-largest economy is deepening.The Shanghai Composite Index tumbled 8.5 percent to 3,209.91 at the close to erase its gains for the year. The Hang Seng China Enterprises Index of Chinese stocks in Hong Kong fell 5.8 percent to its lowest level since March 2014. Futures on the CSI 300 Index declined by the 10 percent daily limit.Worsening economic data and signs of capital outflows are undermining unprecedented government attempts to shore up the country’s $6 trillion stock market. While China said over the weekend it will allow pension funds to buy shares for the first time, a speculated cut in bank reserve ratios failed to materialize.“This is a real disaster and it seems nothing can stop it,” said Chen Gang, Shanghai-based chief investment officer at Heqitongyi Asset Management Co. “If we don’t cut holdings ourselves, the fund faces risk of forced closure. Many newly started private funds suffered that recently. I hope we can survive.”More than 800 stocks fell by the daily 10 percent limit on the Shanghai Composite, including China Shenhua Energy Co. and China Shipbuilding Industry Co. The gauge has tumbled 38 percent from its June 12 peak to wipe out more than $4 trillion of value.The Hang Seng Index sank 5.2 percent in Hong Kong. The gauge’s relative strength index declined to 15.1, the lowest since the aftermath of the October 1987 stock market crash. A level below 30 signals to some traders losses are overdone. Taiwan’s Taiex index slid as much as 7.5 percent, before paring losses to 4.8 percent.-Stock Valuations-Economic growth slowed to 6.6 percent in July, according to Bloomberg’s monthly GDP tracker. China’s first major economic indicator for August signaled a further deterioration as a private manufacturing index fell to the lowest level in six years.“China’s economy is pretty ugly and some sectors have bubbles,” said Wu Kan, a Shanghai-based fund manager at JK Life Insurance Co., who’s keeping his holdings unchanged. “Selling pressure around global markets is also weighing on local sentiment. The Shanghai Composite may fall to around the 3,000-point level.”Stocks on mainland bourses traded at a median 61 times reported earnings on Friday, according to data compiled by Bloomberg. That’s the most among the 10 largest markets and more than three times the 19 multiple for the Standard & Poor’s 500 Index.-Stock Outflows-Yuan positions at the central bank and financial institutions fell by the most on record last month, a sign capital outflows have picked up. Chinese equity funds were the biggest contributors to more than $4 billion of outflows in Asia excluding Japan in the week to Aug. 19, EPFR Global said. Margin traders reduced holdings of shares purchased with borrowed money for a fourth day on Aug. 21.Industrial and Commercial Bank of China Ltd., the second largest, fell the most since Jan. 19 with a 9.7 percent slump. Agricultural Bank of China Ltd. slid 9.3 percent. PetroChina Co., long considered a favorite holding of state-linked rescue funds, tumbled 4.9 percent.The State Council, or cabinet, on Sunday announced it will allow pension funds to invest as much as 30 percent of their total net assets in stocks. Pension funds had net assets of 3.5 trillion yuan ($547 billion) by the end of 2014, Xinhua News Agency reported.The move is the latest attempt by the government to support the equity market, after arming a state agency with more than $400 billion, banning selling by major shareholders and telling state-owned companies to buy stocks.“The news on pension funds over the weekend was positive, but not having the expected required-reserve ratio cut or any other larger measure seems to have disappointed investors,” said Gerry Alfonso, a Shanghai-based trader at Shenwan Hongyuan Group Co. “But it is questionable whether even with one the market would have rebounded.”
Dow falls more than 1,000 points on opening after stocks tumble worldwide-new york stock exchange-By James F. Peltz contact the reporter-LOSANGELES TIMES-AUG 24,15
The Dow Jones industrial average plunged 1,000 points at the opening Monday as the U.S. stock market extended a rout that followed severe market declines in China and elsewhere in Asia and Europe amid growing worry about China’s economy.The blue-chip industrials edged somewhat higher after the opening bell but were still off 650 points, or nearly 4%, at 15,840. The average has now skidded more than 2,400 points, or more than 15%, from its record high 18,312.39 set on May 19.The Dow Jones industrials’ worst point drop for a full day was 777.68 points on Sept. 29, 2008, which amounted to a 6.98% drop. The average’s worst percentage decline for a full session was 22.6% on Oct. 19, 1987.Other key U.S. indexes also plunged Monday into so-called “correction” territory – a decline of 10% or more – over the three days.The benchmark Standard & Poor’s 500 index was down about 160 points, or more than 3% in early trading, at about 1,910.The Nasdaq composite index skidded 261.88 points, or 5.6%, in early trading, to about 4,550.Among the market’s leading stocks, Apple Inc. fell 5.6% to $99.88 a share, General Electric Co. was down 4.9% at $23.39 and Netflix Inc. plummeted 10.8% to $93.15 a share.Traders looking for a safer haven bid up Treasury bond prices, sending their yields sharply lower. The yield on the 10-year Treasury bond fell below 2% for the first time since April, to 1.96%.U.S. and foreign stocks again followed a massive selloff in China amid growing fears about China's slowing economy and the ripple effect it could have on corporations worldwide that do business with China.China's benchmark indicator, the Shanghai composite index, tumbled 8.5% on Monday, while the Nikkei index in Japan skidded 4.6%, as did the Stoxx Europe 50 index in Europe. Major indices also fell in Germany and Taiwan.Twitter: @peltzlatimes
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/08/stock-market-crash-was-inevitable-and.html
http://israndjer.blogspot.ca/2015/08/imf-its-premature-to-say-china-is.html
http://israndjer.blogspot.ca/2015/08/10-currencies-that-may-follow.html
http://israndjer.blogspot.ca/2015/08/11-chinese-banks-ask-for-bailouts.html
http://israndjer.blogspot.ca/2015/08/north-korea-threatens-us-what-china.html
http://israndjer.blogspot.ca/2015/08/what-kinda-story-is-this-america-used.html
http://israndjer.blogspot.ca/2015/08/112-now-dead-722-injured-in-china-port.html
http://israndjer.blogspot.ca/2015/08/china-devalues-currency-for-3rd-day.html
http://israndjer.blogspot.ca/2015/08/china-currency-wars-angers.html
http://israndjer.blogspot.ca/2015/08/china-devalues-currency-for-second-day.html
http://israndjer.blogspot.ca/2015/08/china-devalues-its-currency-stocks-fall.html
GREECE NEWS
http://israndjer.blogspot.ca/2015/08/typhoons-fires-koreas-talk-planned.html
http://israndjer.blogspot.ca/2015/08/tsipras-resigns-for-greece-elections.html
http://israndjer.blogspot.ca/2015/08/china-says-it-arrested-15000-people-for.html
http://israndjer.blogspot.ca/2015/08/russia-and-nato-rehearsing-for-war.html
http://israndjer.blogspot.ca/2015/08/at-least-56-dead-720-injured-in-chinese.html
http://israndjer.blogspot.ca/2015/08/greece-lenders-clinch-bailout-deal.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
UPDATE-AUGUST 24,2015-09:35AM
AT THE OPEN LOW ON VOLATILITY I SEEN THE DOW WAS DOWN 1,089 POINTS AT 9:35AM.
DOW MARKET BLACK MONDAY-AUG 24,2015 COLLAPSE.
09:30AM-931.00-
09:45AM-552.49-
10:00AM-681.44-
10:15AM-460.89-
10:30AM-316.89-
10:45AM-405.38-
11:00AM-364.31-
11:15AM-443.76-
11:30AM-475.06-
11:45AM-352.43-
12:00PM-207.61-
12:15PM-245.02-
12:30PM-153.23-
12:45PM-127.44-
01:00PM-158.08-
01:15PM-136.57-
01:30PM-222.21-
01:45PM-301.31-
02:00PM-335.83-
02:15PM-434.43-
02:30PM-407.47-
02:45PM-421.14-
03:00PM-639.21-
03:15PM-584.73-
03:30PM-669.50-
03:45PM-494.20-
04:00PM-588.47- 15,871.28
HIGH TODAY -99 POINTS LOW TODAY -1,089 POINTS
UPDATE-AUGUST 24,2015-08:05AM
THE DOW FUTURES HIT -707 POINTS AT 8:05AM OR 4%-THIS COULD GET REALLY UGLY TODAY IN AMERICA.
AND I GUESS I WAS SO MAD AT ALL THE SEPTEMBER DATE SETTERS. I MADE A MISTAKE IN MY 666 CALCULATIONS. AUGUST IS THE 8TH MONTH-NOT THE 9TH. SO THE 666 BAD MARKET DAY COULD BE SEPTEMBER 24,2015. BY MY CALCULATIONS AND MISTAKE. AND FIRST COMES THE WORLD STOCK MARKET CRASH. THEN TO DISTRACT THE PEOPLE FROM THE STOCK MARKET CRASH-COMES A MAJOR WAR FROM 2 MAJOR NUCLEAR SUPER POWERS. WE WILL SEE HOW THIS CRASH PLAYS OUT THIS WEEK.
THE CENTRAL BANKS ARE READY TO INTERVENE IN THIS WORLD STOCK MARKET CRASH.IF THEY HAVE TO.
GLOBAL MARKETS REMAIN DEPENDENT ON CENTRAL BANKS-BIS
https://www.bis.org/
https://www.bis.org/bcbs/publ/d333.htm
https://www.bis.org/publ/arpdf/ar2015e2.htm
https://www.bis.org/publ/arpdf/ar2015e.htm
Dow Jones industrial average finishes down 585 points after day of massive swings-Associated Press-aug 24,15-yahoonews
NEW YORK (AP) -- Dow Jones industrial average finishes down 585 points after day of massive swings.
STOCKS GET CLOBBERED IN A CHAOTIC DAY ON WALL STREET: Here's what you need to know-Business Insider By Myles Udland-aug 24,15-yahoonews
New York Stock Exchange, October 1929-It was an ugly start to the week on Wall Street. After stocks had their worst week in 4 years, markets started this week deep in the red in a chaotic day that saw the major US indexes all fall more than 3%.The Dow lost more than 500 points for the second straight day, while the S&P 500 officially tipped into "correction" territory, defined as a 10% decline from recent highs. On a points basis, Monday was the 8th-largest decline in the Dow's history. Crude oil also crashed to a new post-financial low with West Texas Intermediate crude oil falling more than 6% to break $38 a barrel.
First, the scoreboard: Dow: 15,875.16, -584, (-3.5%)-S&P 500: 1,893.63, -77.26, (-3.9%)-Nasdaq: 4,527.13, -178.91, (-3.8%)
And now, the top stories on Monday:It was a chaotic day in markets. Overnight, stocks in China fell more than 8%, while stocks in Europe got crushed on Monday and commodities broke to new lows. Amid this chaos, US stocks opened sharply lower, with the Dow losing more than 1,000 points shortly after the market open while the S&P 500 lost about 5% early. Stocks quickly ripped higher off these levels but gave up gains into the close, with the Dow having one of its worst one-day declines ever. In an afternoon email, Peter Tchir at Brean Capital wrote that the action at the market open looked more like a massive dislocation than capitulation, adding that, "I am nervous that in the time it took me to type this the Dow could be plus or minus 200 points since I started." It was that kind of day.Rich Barry, a floor governor at the New York Stock Exchange, however, saw Monday's market action as a capitulation, which he defined as when, "investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into less risky investments. True capitulation involves extremely high volume and sharp declines. It usually is indicated by panic selling."Amid the market chaos, one of the biggest calls to come out of Wall Street on Monday was from economists at Barclays, who pushed back their rate hike call for the Federal Reserve from September 2015 to March 2016. In a note to clients, Barclays economists Michael Gapen and Rob Martin wrote: "Although we continue to see economic activity in the US as solid and justifying modest rate hikes, we believe the Federal Reserve is unlikely to begin a hiking cycle in this environment for fear that such a move may further destabilize markets. Instead, we believe the FOMC will delay the start of the rate hike cycle beyond September as a means to offset tighter financial conditions while it evaluates the effect of recent volatility." That was quick. Crude oil, which has fallen about 60% from a year ago, crashed to a stunning new post-financial crisis low. West Texas Intermediate crude oil fell more than 6% to below $38 a barrel while Brent crude, the international benchmark, declined nearly 7% to as low as $42.35 a barrel. In addition to crude oil, the entire commodity complex got destroyed on Monday and now some strategists are looking at the potential for the diverging correlation between commodity and stock prices to converge — which could be bad news for stocks. In a note to clients, Kit Juckes at Societe Generale wrote, "The divergence between global commodity prices and equities is not a new theme but the danger now is that they begin to re-correlate — as they did when the dotcom bubble burst in 2000 and what had previously been an emerging market crisis became a US recession."Market volatility is also something for Wall Street's investment banks to worry about now, too. As Business Insider's Jonathan Marino reported, Wall Street investment banks are likely to see a big decline in deal volume into the end of the year, with one banker telling Business Insider, "The last 10 days certainly could put a chill into big deals for the balance of the year."Apple, the market's biggest company, was in the news on Monday after Apple CEO Tim Cook sent CNBC's Jim Cramer an email quelling fears about Apple's sales in China. "I get updates on our performance in China every day, including this morning" Cook wrote, "and I can tell you that we have continued to experience strong growth for our business in China through July and August." Apple shares fell about 6% to below $100 a share early in the day before shooting higher and rolling over late in the afternoon to close down 2%.
Some Oil Companies a Few Weeks Away From Bankruptcy, Analyst Says-By Rhonda Schaffler| 08/24/15 - 03:42 PM EDT-the street
NEW YORK (TheStreet) -- The recent steep drop in oil prices may lead to some oil company going out of business within a few weeks, according to Amrita Sen, Senior Oil Analyst at Energy Aspects.Low oil prices could reduce companies' borrowing lines of credit from banks, which come up for renewal on October 1, Sen explained."The banks will look back at the last twelve months of WTI prices, which on average has been about $45 a barrel if not lower," said Sen. "And suddenly the amount of money available to these U.S. producers to borrow is half, less than half in some cases, compared to a year ago. That makes it very, very difficult for them to continue investing, continue drilling."STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.If prices stay at current levels or drop further, Sen said she expects some companies will be forced to file for bankruptcy as early as October.Must Read: Warren Buffet's Top 10 Stock Buys-Linn Energy (LINE - Get Report) and Energy XXI (EXXI - Get Report) have already exhausted more than 75% of the credit available to them, and they are in a "more tricky position" than some of the bigger companies, Sen said, and pointed to them as possible bankruptcy candidates.In research published Monday, Sen wrote there are several companies likely to see their borrowing bases reduced by over 50%.She added that Midstates Petroleum (MPO - Get Report), Resolute Energy (REN - Get Report), W&T Offshore (WTI - Get Report), Breitburn Energy (BBEP - Get Report), Energy XXI and Comstock Petroleum have seen their borrowing facilities reduced the most.A reduction in credit will force further capital expenditure cuts among energy companies, said Sen.What's driving Monday's crude selloff, according to Sen, are fears of weakening demand from China, along with continued oversupply.But she added the supply/demand situation will improve, adding that Energy Aspects has identified at least 5-million barrels a day of projects that have been delayed or cancelled. By the end of next year, Sen predicts, supplies will tighten, and prices could easily more than double from where they are today.
Mon, Aug 24, 2015, 11:55 AM EDT - U.S. Markets close in 4 hrs 5 mins-Europe stocks end 5% lower in massive slump-CNBC By Arjun Kharpal
European markets closed sharply lower on Monday, despite paring some losses, as the steep selloff in stock markets around the world continued.The pan-European Stoxx 600 (^STOXX) index pared some losses finishing down 5.3 percent, having sank a massive 6.7 percent around the U.S. open.London's FTSE 100 (FTSE International: .FTSE) index ended down 4.4 percent, the German DAX (^GDAXI) was off by around 4.7 percent, while the French CAC (Euronext Paris: .FCHI) slipped over 5.5 percent, recovering from an earlier 7 percent drop in trade.The worst hit among major European bourses was Greece, which closed down around 10.5 percent.It comes as Friday's losses on Wall Street stretched into Asian trading Monday morning, with China's Shanghai Composite (Shanghai Stock Exchange: .SSEC) index ending the day down 8.5 percent as panic about the country's economic issues spread.U.S. stocks plummeted on Monday , following a renewed rout in global markets, under severe pressure from continued fears of slowing growth in China spilling over internationally.The Dow Jones industrial average traded about 300 to 500 points lower after falling as much as 1,089 points in the open.Last week, the benchmark Dow Jones Composite Average (Dow Jones Global Indexes: .DJA) index lost around $338 billion in market value - which is roughly equivalent to the size of ExxonMobil (XOM), Berkshire Hathaway (BRK-A), or Microsoft (MSFT).Having plummeted 6.4 percent in earlier trade, Europe's pan-European FTSEurofirst 300 lost more than 500 billion euros ($582.5 billion) in value from the index's total market capitalization, according to Reuters.For the month of August, there has been more stock market volatility than any month in 25 years.With the exception of a handful, companies on the Stoxx 600 were trading in negative territory.The Stoxx 600 basic resource and oil and gas sectors were hammered after the oil price sank to fresh six-and-half year lows on concerns over global growth and as investors continued to worry about the health of the Chinese economy.Glencore (London Stock Exchange: GLEN-GB) plunged over 10 percent, while Seadrill (Oslo Stock Exchange: SDRL-NO) and Tullow Oil (London Stock Exchange: TLW-GB) were around 8.8 and 9.8 percent lower, respectively.Fiat Chrysler (Milan Stock Exchange: FCA-IT) and Renault (Euronext Paris: RNO-FR) were two of the hardest-hit autos stocks on Monday, as both traded deep in negative territory.Europe's technology sector was also hit, but pared losses. German-listed Dialog Semicon (XETRA:DLG-DE) was down over 3 percent while Nokia (Helsinki Stock Exchange: NOKIA-FI) and Alcatel-Lucent (Euronext Paris: ALU-FR) were around 5.5 percent lower.Spain's Abengoa (Mercado Continuo: ABG-ES) was the one of six stocks in the green, up over 4.5 percent, after it won a contract worth $93 million to build a new port terminal in Uruguay.
VIX 'fear index' skyrockets to highest level in nearly 7 years-Published: Aug 24, 2015 11:48 a.m. ET-By Wallace Witkowski-Reporter-market watch
The CBOE Volatility Index VIX, +35.21% jumped to its highest level in more than six-and-a-half years Monday following a broad early morning stock selloff. The VIX, or so-called "fear index," hit an intraday high of 53.29 at the beginning of the trading day, its highest reading since January 21, 2009, as the Dow Jones Industrial Average DJIA, -2.06% plummeted more than 1,000 points, and the S&P 500 Index SPX, -2.23% dropped more than 100 points. At last check, the VIX was up 35% at 37.13, as stock losses pared about halfway. Last week, the VIX saw its largest weekly surge in the history of the index, as it soared more than 46% on Friday.If you snooze you lose. Today was the buying opportunity we've all been waiting for. I was looking for VIX-30 this week and saw VIX-50 instead. Today's sell-off is way, way, way overdone. We should see subsequent consolidation all week long with a recovery to follow.
The 6 stocks absolutely crashing the Dow-Matt Krantz, USA TODAY 10:15 a.m. EDT August 24, 2015-USATODAY
No doubt about it: The entire Dow is crashing. But there's no question that much of the extreme pain is concentrated in some hard-hit stocks.There are six stocks in the Dow Jones industrial average, including drugmaker Merck (MRK), bank JPMorgan Chase (JPM) and technology giant Apple (AAPL) which are all down 10% or more today. And what really hurt is that three of these stocks were worth more than $100 a share last week - which puts even more pressure on the Dow since this market measure gives more weight to the stocks with the highest per-share values.
DOW STOCKS DOWN THE MOST ON A PERCENTAGE BASIS MONDAY
Company Symbol % ch. Monday
Merck MRK -16.4%
UnitedHealth UNH -14.8%
Home Depot HD -14.1%
JPMorgan Chase JPM -13.9%
Verizon VZ -13.7%
Apple AAPL -10.3%
Sources: S&P Capital IQ, USA TODAY research
Drugmaker Merck is the worst-off of any stock in the Dow on a percentage basis. The stock is down a crushing 16.4% - just today. This massive one-day selloff puts this blue-chip medical down down 22% since the market peaked on May 21.But serving up a shock investors weren't expecting is the crash in JP Morgan shares. Investors thought banks could be big winners from the Federal Reserve's expected hike in short-term interest rates. But Monday, shares of the giant bank are off 14% - losing nearly 18% of their value since the May 21 peak.Given that the Dow gives greater weight to stocks with the highest per-share prices - it's useful to see which individual high-priced stocks are inflicting the most damage. Here the number one contributor of pain is health insurer UnitedHealth - where the shares are down $17.19 a share - just today - in the biggest point loss in the Dow. Shares are off 14.8% to $99.09.But the highest-priced Dow stock of them all, Goldman Sach, is also inflicting big-time pain. The stock is down $11.08 a share - or 6% - $176.66 Monday. That's a major blow given the stock's per-share price.
DOW STOCKS DOWN THE MOST ON A DOLLAR BASIS MONDAY
Company Symbol $ ch. Monday
UnitedHealth UNH $17.19
Home Depot HD $16.34
Boeing BA $12.07
Goldman Sachs GS $11.08
Apple AAPL $10.88
Sources: S&P Capital IQ, USA TODAY research
Stock futures fall sharply as Chinese stocks plunge-Reuters-AUG 24,15-YAHOONEWS
(Reuters) - U.S. stock index futures fell sharply on Monday as Chinese stocks plunged more than 8 percent after Beijing did not come through with further support in response to the market's rout last week.S&P 500 e-minis (ESc1) were down 46 points, or 2.33 percent, with 752,999 contracts traded by 6:24 a.m. ET.Nasdaq 100 e-minis (NQc1) were down 160.5 points, or 3.82 percent, on volume of 106,028 contracts, while Dow e-minis (1YMc1) were down 414 points, or 2.51 percent, with 95,546 contracts exchanged.(Reporting by Tanya Agrawal; Editing by Ted Kerr)
Mon, Aug 24, 2015, 6:45 AM EDT - U.S. Markets open in 2 hrs 45 mins-Great fall of China sinks world stocks, dollar tumbles-Reuters-AUG 24,15-YAHOONEWS
LONDON (Reuters) - Alarm bells rang across world markets on Monday as a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors.European stocks opened more than 3 percent in the red after their Asian counterparts slumped to 3-year lows as a three month-long rout in Chinese equities threatened to get out of hand.Safe-haven government bonds and the yen and the euro rallied as widespread fears of a China-led global economic slowdown and currency war kicked in."It is a China driven macro panic," said Didier Duret, chief investment officer at ABN Amro. "Volatility will persist until we see better data there or strong policy action through forceful monetary easing."With serious doubts now emerging about the likelihood of a U.S. interest rate rise this year, the dollar slid against other major currencies. It was last at 120.25 yen its lowest in three months.The Australian dollar fell to six-year lows and many emerging market currencies also plunged, whilst the frantic dash to safety pushed the euro to a 6-1/2-month high."Things are starting look like the Asian financial crisis in the late 1990s. Speculators are selling assets that seem the most vulnerable," said Takako Masai, head of research at Shinsei Bank in Tokyo.Commodity markets took a fresh battering. Brent and U.S. crude oil futures hit 6-1/2-year lows as concerns about a global supply glut added to worries over potentially weaker demand from China.U.S. crude was down 3 percent at $39.20 a barrel while Brent lost 2.4 percent to $44.40 a barrel.Copper, seen as a barometer of global industrial demand, tumbled 2.5 percent, with three-month copper on the London Metal Exchange hitting a six-year low of $4,920 a tonne. Nickel slid 4.6 percent to its lowest since 2009 at $9,730 a tonne.GREAT FALL OF CHINA-The near 9 percent slump in Chinese stocks was their worst performance since the depths of the global financial crisis in 2009 and wiped out what was left of the 2015 gains, which in June has been more than 50 percent.The latest rout was rooted in investor disappointment that Beijing did not announce expected policy support over the weekend after its markets shed 11 percent last week.Compounding the real-time falls all index futures contracts slumped by their 10 percent daily limit, pointing to more bad days ahead.MSCI's broadest index of Asia-Pacific shares outside Japan fell 5.1 percent to a three-year low. Tokyo's Nikkei was down 4.1 percent and Australian and Indonesian shares hit two-year troughs."China could be forced to devalue the yuan even more, should its economy falter, and the equity markets are dealing with the prospect of a weaker yuan amplifying the negative impact from a sluggish Chinese economy," said Eiji Kinouchi, chief technical analyst at Daiwa Securities in Tokyo.There was further evidence that developed markets were becoming synchronised with the troubles. London's FTSE which has a large number of global miners and oil firms, was down for its 10th straight day, its worst run since 2003.The pan-European FTSEurofirst 300, meanwhile, was down 3.1 percent by 0830 GMT at 1,382.15 points, wiping around 260 billion euros ($298.61 billion) off the index and taking its losses for the month to more that 1 trillion euros.U.S. stock futures also pointed to larger losses for Wall Street's main markets, with the S&P 500, Dow Jones Industrial and Nasdaq expected to open down 1.8, 2.2 and 3.1 percent respectively."We are in the midst of a full-blown growth scare," strategists at JP Morgan Cazenove said in a note.($1 = 0.8707 euros)(Additional reporting by Pete Sweeney in Beijing and Shinichi Saoshiro Hideyuki Sano in Tokyo; editing by John Stonestreet and Anna Willard)
Stock Rout Spreads Through Europe After China Plunge-Nick Gentle Stephen Kirkland-Updated on August 24, 2015 — 6:27 AM EDT-BLOOMBERG
Is This the Start of a Global Economic Slowdown?
A wave of selling gripped global markets as the rout in all but the safest assets deepened.Chinese shares tumbled by the most since 2007, stocks in Germany headed for a bear market and commodities fell to a 16-year low. Russia’s ruble led a selloff in emerging-market currencies, while the yen strengthened and 10-year Treasury yields slid below 2 percent for the first time since April. Futures signaled U.S. equities will retreat for a fifth day.“Everyone seems to be selling off, and there’s panic,” said Michael Woischneck who helps oversee the equivalent of $7.1 billion at Lampe Asset Management GmbH in Dusseldorf, Germany. “There’s no rational choice anymore, no rational reaction. The Americans will add to the European selling.”More than $5 trillion has been erased from the value of global equities since China unexpectedly devalued the yuan on Aug. 11, fueling concern that the slowdown in the world’s second-largest economy is worse than anticipated. The rout is shaking confidence that the global economy will be strong enough to withstand higher U.S. interest rates, even as bets ease on a September increase.Developing economies bore the brunt of the selloff, with the MSCI Emerging Markets Index sliding 4.6 percent at 6:24 a.m in New York, headed for the biggest one-day drop since September 2011. Basic-resource producers led losses as Brent crude tumbled through $45 a barrel. Treasury 10-year note yields fell as low as 1.97 percent.“We’re definitely getting a lot of calls from clients,” Michele Santangelo, a money manager at Vunani Private Clients, said by phone from Johannesburg. “You’re seeing a lot of capitulation, people selling for the sake of selling and wanting to get out of the market.”Shares in all but one company fell in the Stoxx Europe 600 Index, driving the gauge down 3.3 percent. Germany’s DAX Index retreated 2.9 percent, taking the decline from its peak in April to more than 20 percent.Standard & Poor’s 500 Index futures dropped 2.4 percent. Investors are selling their most-loved stocks, with Apple Inc. and Netflix Inc. losing more than 4 percent in early New York trading.The selloff will worsen, according to Doug Ramsey, the chief investment officer of Leuthold Weeden Capital Management LLC, whose quantitative research into market breadth, valuation and investor sentiment foreshadowed the drubbing in American stocks last week.In Asia, the Shanghai Composite Index slid 8.5 percent and Hong Kong’s Hang Seng Index fell 5.8 percent, tumbling further into a bear market. The measure is about 25 percent below an April high, with a gauge of price momentum dropping to the lowest since the October 1987 stock-market crash.“This is a real disaster and it seems nothing can stop it,” said Chen Gang, Shanghai-based chief investment officer at Heqitongyi Asset Management Co.Greater China equities plummeted, with Taiwan’s benchmark gauge dropping as much as 7.5 percent. More than $4 trillion was wiped from the value of Chinese equities from June 12 through Friday.Commodities Slide-The Bloomberg Commodity Index fell 2.1 percent, heading for the lowest closing level since August 1999.Brent and West Texas Intermediate crudes both traded at six-year lows of $44.36 and $39.36 a barrel, respectively. Gold, a haven for investors during volatile trading, slipped 0.2 percent to $1,58.34, the smallest decline among 10 precious and industrial metals in London.Currencies of basic resource-producing countries led declines, with the ruble tumbling 2.9 percent to 71.15 per dollar and Malaysia’s ringgit sliding 1.8 percent to a fresh 17- year low. South Africa’s rand dropped 1.7 percent and New Zealand’s currency weakened 1.4 percent.Turkey’s lira retreated 0.7 percent. A deadline for a coalition government passed, putting the country on course for its second parliamentary election this year.The yen advanced with the euro as Treasuries rallied amid speculation the global selloff will forestall the Federal Reserve’s first interest-rate increase since 2006.Japan’s currency jumped 1.2 percent to 120.66 per dollar, the strongest since July 9 and the euro climbed for a fourth day against the dollar, strengthening to $1.15 for the first time since February.Fed funds futures now show a probability of a December rate increase at 55 percent versus 61.1 percent on Friday. Bets on the first increase in rates in almost a decade in September fell to 28 percent, down from 34 percent.
China’s Stocks Sink Most Since 2007 as State Intervention Fails-Bloomberg News-Updated on August 24, 2015 — 4:10 AM EDT-BLOOMBERG
China’s stocks plunged the most since 2007 as government support measures failed to allay investor concern that a slowdown in the world’s second-largest economy is deepening.The Shanghai Composite Index tumbled 8.5 percent to 3,209.91 at the close to erase its gains for the year. The Hang Seng China Enterprises Index of Chinese stocks in Hong Kong fell 5.8 percent to its lowest level since March 2014. Futures on the CSI 300 Index declined by the 10 percent daily limit.Worsening economic data and signs of capital outflows are undermining unprecedented government attempts to shore up the country’s $6 trillion stock market. While China said over the weekend it will allow pension funds to buy shares for the first time, a speculated cut in bank reserve ratios failed to materialize.“This is a real disaster and it seems nothing can stop it,” said Chen Gang, Shanghai-based chief investment officer at Heqitongyi Asset Management Co. “If we don’t cut holdings ourselves, the fund faces risk of forced closure. Many newly started private funds suffered that recently. I hope we can survive.”More than 800 stocks fell by the daily 10 percent limit on the Shanghai Composite, including China Shenhua Energy Co. and China Shipbuilding Industry Co. The gauge has tumbled 38 percent from its June 12 peak to wipe out more than $4 trillion of value.The Hang Seng Index sank 5.2 percent in Hong Kong. The gauge’s relative strength index declined to 15.1, the lowest since the aftermath of the October 1987 stock market crash. A level below 30 signals to some traders losses are overdone. Taiwan’s Taiex index slid as much as 7.5 percent, before paring losses to 4.8 percent.-Stock Valuations-Economic growth slowed to 6.6 percent in July, according to Bloomberg’s monthly GDP tracker. China’s first major economic indicator for August signaled a further deterioration as a private manufacturing index fell to the lowest level in six years.“China’s economy is pretty ugly and some sectors have bubbles,” said Wu Kan, a Shanghai-based fund manager at JK Life Insurance Co., who’s keeping his holdings unchanged. “Selling pressure around global markets is also weighing on local sentiment. The Shanghai Composite may fall to around the 3,000-point level.”Stocks on mainland bourses traded at a median 61 times reported earnings on Friday, according to data compiled by Bloomberg. That’s the most among the 10 largest markets and more than three times the 19 multiple for the Standard & Poor’s 500 Index.-Stock Outflows-Yuan positions at the central bank and financial institutions fell by the most on record last month, a sign capital outflows have picked up. Chinese equity funds were the biggest contributors to more than $4 billion of outflows in Asia excluding Japan in the week to Aug. 19, EPFR Global said. Margin traders reduced holdings of shares purchased with borrowed money for a fourth day on Aug. 21.Industrial and Commercial Bank of China Ltd., the second largest, fell the most since Jan. 19 with a 9.7 percent slump. Agricultural Bank of China Ltd. slid 9.3 percent. PetroChina Co., long considered a favorite holding of state-linked rescue funds, tumbled 4.9 percent.The State Council, or cabinet, on Sunday announced it will allow pension funds to invest as much as 30 percent of their total net assets in stocks. Pension funds had net assets of 3.5 trillion yuan ($547 billion) by the end of 2014, Xinhua News Agency reported.The move is the latest attempt by the government to support the equity market, after arming a state agency with more than $400 billion, banning selling by major shareholders and telling state-owned companies to buy stocks.“The news on pension funds over the weekend was positive, but not having the expected required-reserve ratio cut or any other larger measure seems to have disappointed investors,” said Gerry Alfonso, a Shanghai-based trader at Shenwan Hongyuan Group Co. “But it is questionable whether even with one the market would have rebounded.”
