Seems like there is more bad news, though, that we don't know about. The rising volume on the downturn over the last few days looks like people running to the exits.
CONGRATULATIONS TO MY FRIENDS
Gumby, Col., Oil&Gas...I never said that political corruption has nothing to do with business. I said it has nothing to do with one man in the WH. I am going to "guestimate" by your comments and deep rooted sentiment related to partisan politics that you are (at least Gumby and Col) around 65-74 yrs old. Americans have been indoctrinated and conditioned to believe that they have a "choice" or a "say" as to what transpires in the political arena. But we don't. Your vote for a man or woman to set on the main stage of East Coast Hollywood for four years does little more than going to church on a Sunday morning. It may make you feel like you did something special, but you didn't. I believe the office is filled to appease the masses. A king on the throne of a big house with very little power. Corrupt Political power, corporate dollars, etc obviously all play a huge role in economies. After all, money is what this is all about!
The mess from Mideast still lingers, Obama, Hillary didn't finish in Iraq, you know that & opened the door for ISIS, you can also make book Obama will lift Irans sanctions , even if Mullahs don't abide rules & keep building for bomb grade nuclear facilities, for his legacy, appeasement doesn't work, specially mid eastern! Iran will pump lots of additional crude for world market, & countries will buy it cheap!
Don't be scared; it's only money. Plus if you end up in the poor house we can always go on welfare and get free everything. Then accumulate as many credit cards as you can and after a year of stalling on payments file bankruptcy. It's the American Way. Yay!
Gumby I didn't and haven't forgot about the attack. Bush wasn't attacked our country was attacked and most of the attackers were from yep you guessed it SA. One of Bushs bestest buddies. Hmmmmmmmmmmm but hey lest go after a dictator that was being controlled by sanctions. And to this day I still say we should of taken him and only him out with a bullet.
QE's , & zero % interest, were would anybody put money, if its banked into a CD, that's guaranteed loss with annual 2% inflation, not figuring fuel or food costs in inflation data!
Gumby found a few tidbits on china.
China began purchasing U.S. public debt in meaningful sums in the 1980s as the country starting acquiring hard currency in large volumes. The earliest numbers I've seen from the Treasury are from 1994 and show China owning $17 billion in Treasury securities. Given the size of China's economy at the time the government had likely been acquiring for at least a few years prior.
By Kimberly Amadeo
The U.S. debt to China is $1.224 trillion, as of February 2015. That's less than in November 2013, when China owned $1.317 trillion in Treasury bills, notes and bonds. It's been gradually lowering its debt holdings since then. It's allowing its currency, the yuan, to rise in response to global accusations of manipulation
Yeah it's those funds that racked all that debt, bought bry when crude was at its high, paid out distributions much higher than real cash flow could support, issued units like crazy, etc etc. It's the markets fault.
interesting that the stock market has soared to record hihg under Obama. So yes, the stock market has voted
the nasdaq 100 apparently doesn't agree with what you think