Wednesday Financial Market News w/ELMER

ssmith wrote:Elmer breaks down what's important in world financial markets....and a bunch of other stuff too.



elmerf123456 wrote
34m ago
Here we go folks. Stocks open over 100 points lower in the red as predicted due to China! This is the beginning

No, the market is down amid jitters over what the Fed might say when it releases the minutes from it's latest meeting today. IF the Fed decided to bump up interest rates, that could drive money from the market to bonds. http://www.foxbusiness.com/markets/2015/08/19/us-equity-futures-slip-as-traders-await-fed-minutes/?intcmp=bigtopmarketfeatures
Fmr Subway rep Jared Fogle to plead guilty to child porn, sex with minors charges CNBC.com staff | @CNBC

What does this have to do with the price of tea in China, or the Dinar in Iraq?

Dow down 150 points and dropping. Things will get interesting if it drops below 17300
Maybe if you're a broker or day trader, but otherwise not so much. BTW the DOW has been generally trending downward since April, Of course the S&P 500 is a much better indicator which has been flat to slightly up overall... but being down 15 points is not as exciting sounding is it?

Tbarts wrote
19m ago
Elmer. I. Your opinion we need to see a couple of days with big drops in the market, correct?


elmerf123456 wrote
16m ago
Tbirrd. Depends on where it settles. China is putting a lot of pressure on all markets now

ChrisTNT52 wrote
17m ago
@elmer (sorry about the last post - on a smarphone)...let me re-group: Why does a DOW below 17300 make it interesting for us Dinarians? I don't see the relevancy in any way shape or form.


elmerf123456 wrote
14m ago
Chris. Because China is in controll. They are doing ache affair right now When they totally separate from the dollar it will force action and then you will see the relevancy.

Sorry for my typos. China controls the market in terms of currency action ! A true depeg will cause pressure and IMO a GCR

Currency wars are in play.

This is bigger than us ! This is all about big money and currency positioning and oil.

So tell me since currencies are not traded on the NYSE, even if your blather was true, how would that effect the NYSE? However since China is not in control, and there is no GCR, it really makes no difference does it?


JenniferVee wrote
9m ago
Elmer, is it a good thing that the dong devalued?

elmerf123456 wrote
7m ago
3rd decal in the market due to dollar. It's hyperinflation and Kees others down! When it pops it will free currencies real value in a GCR. That's when it's good and their currencies can express real value.

A GCR creates parity. Things are moving in that direction.

Pearle wrote
6m ago
I don't get it, they promised Iraq a better life after Saddam ...why they heck does it take that long...don't they know how to work things out


elmerf123456 wrote
4m ago
Pearls are you kidding me. look how far they have come in a year from dictatorship. That response seems more about yours and our needs vs the needed changes of a country. Let's look at all we have witnessed.

Iraq and moved from a country of dictatorship to a country whose prime minister now is listening to the people and has designated reforms and is backing it by action I would say they're doing something with new mentality and change!

just keep your eyes on 4X and trust me when that happens the news will be all over the place so you will know

Folks the closer this gets and the more news it comes out to more panic that comes out! Just kick the panic to the curb and continue to do what we do best and that is wait. If you don't and let your emotions get the best of you you could possibly make the biggest mistake of your life or could cause health problems so everyone chill and let's watch this entire thing unfold as it has been doing !

It takes a great deal of courage to look a Lion in the eyes! He first looks at you and he thinks food ! You look back at him with a more stronger resilient stare and then he thinks I might be food !

Are you a lion in this entire process or are you food? Lion (strong in the Dinar Jungle) food/prey(a victim of anyone's mission to steal this from you)

PM Abadi has had to make decisions with an iron fist and not necessarily popular decisions. He is doing what he believes is best for his country not what is popular with a certain group of people He is a Lion! A True Leader!

The national guard law is a little hinge at swings a very big door

take a time and remove yourself from chatter any other indicators you staring at a screen is not gonna make it happen any faster but you concentrating on what you need to do now to make you feel better this will happen when it happens and then you'll feel terrific

The rest is pure gooroo poopoo and I don't have time to waste addressing the myriad of lies and falsehoods contained here. Let it suffice to say no GCR, Iraq was not under a dictatorship last year, since Maliki was dully elected as PM, there is nothing here to indicate an RV, in fact there is nothing new or original here, only pure regurgitation of gooroo poopoo.

Kevind53 wrote:

ssmith wrote:Elmer breaks down what's important in world financial markets....and a bunch of other stuff too.



The rest is pure gooroo poopoo and I don't have time to waste addressing the myriad of lies and falsehoods contained here. Let it suffice to say no GCR, Iraq was not under a dictatorship last year, since Maliki was dully elected as PM, there is nothing here to indicate an RV, in fact there is nothing new or original here, only pure regurgitation of gooroo poopoo.