This appears to be it

R

rodmadman

New Member
The crash/correction the "experts" have been talking about may have come. Though I have an uneasy feeling, I feel so much more secure with my stack beneath me!
 
This may be the crash in precious metals. I would love $8 silver...could pick up a nice bunch of blobs at that price.



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hihosilver said:
SilverPete said:
There's an ominous mood about, something dark.
Click to expand...

If I had a 1oz kook for every time something like this statement was said I would have a ton of the stuff :lol:
Click to expand...
No you wouldn't. There's always been plenty of hyperbole that is ignored, but look at global markets now, the fear indexes, and the general attitude that is beginning to permeate through to the general populace. Markets live and die on sentiment. And sentiment is changing.
 
Chart: Australia's stock market 'fear index' just rocketed

Australia's ASX 200 VIX index, also known as the investor fear index, hit the highest level in over three years this morning.

"The volatility index is primarily used as an indicator of investor sentiment and market expectations. A volatility index at relatively high levels implies a market expectation of very large changes in the ASX 200 over the next 30 days while a relatively low volatility index value implies a market expectation of very little change", says the ASX.

With the index reaching as high as 24.329 in early trade, it suggests option investors are looking for extreme market volatility to occur in the month ahead.

That's understandable given the possibility of a rate increase in the US for the first time in none years, along with mounting concerns over China's economy.

It also explains why the underlying ASX 200 index currently trades at the lowest level seen since early February 2014 this morning.

http://www.businessinsider.com.au/chart-australias-stock-market-fear-index-just-rocketed-2015-8
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And in the U.S.

Fear Flashes in Options Market; VIX Nearly Doubles

By SAUMYA VAISHAMPAYAN

Getty Images
The stock market's fear gauge surged to its highest level in nearly four years as stocks around the globe were pounded by growth worries.

The CBOE Volatility Index, or VIX, reflects options prices on the S&P 500. Prices on those options tend to rise rapidly when investors rush to protect themselves against a selloff. That's exactly what happened on Friday.

The VIX jumped a whopping 46% to end at 28.03, its highest close since Dec. 8, 2011. It was the VIX's biggest one-day percentage gain since Aug. 8, 2011, and followed a 26% increase on Thursday. In fact, the VIX more than doubled this week for its biggest one-week percentage increase on record.

Any way you slice it, things were ugly.

http://blogs.wsj.com/moneybeat/2015/08/21/fear-flashes-in-options-market-vix-nearly-doubles/
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I have one stock that went up today, and a handful of flatlines in a sea of red; so go Cleveland Mining! (God knows why).
 
I've been waiting for the correction so I can buy on a discount. I'm looking for a little bearishness for a few months so I can load up on some assets before Xmas :)
 
SilverPete said:
hihosilver said:
SilverPete said:
There's an ominous mood about, something dark.
Click to expand...

If I had a 1oz kook for every time something like this statement was said I would have a ton of the stuff :lol:
Click to expand...
No you wouldn't. There's always been plenty of hyperbole that is ignored, but look at global markets now, the fear indexes, and the general attitude that is beginning to permeate through to the general populace. Markets live and die on sentiment. And sentiment is changing.
Click to expand...
Headline: VIX explodes above 55 , then settles at 33 lol.
OMG a twit call Mannarino i follow on youtube always say get in on the VIX and had anyone followed him they would have BEEN POOR YEARS AGO, yet this thrust will be enough for him to say HE WAS RIGHT and so begins his legacy.
Yet had anyone listened to him they would be bankrupt and i know i am gona go to his page today and he is going to say he made a bundle yet he should be broke if he had taken his own advice.
Does anyone else know what i am talking about?
These twits that make claims , that if followed would make you poor, yet when is is applicable they claim they are gurus.
 
Kind of funny today at the gym hearing the old retired guys complaining about their stocks, mutual funds, etc losing value. One gold guy was telling everyone to buy gold (maybe not all of them are sheep?). I guess they think the stock market only goes up magically? With the Fed artificially keeping rates at ZERO for many years, thus herding the sheep into stocks, I can understand a bit why they are surprised (even though I am not).

The real smart money will be cashing out now or already have. By the time the sheep wake up, we might be much lower. Although I would not be surprised to see the market fully recover here. I sort of think the real big drop is coming a bit later.

Just my opinion.

Jim
 
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