Wednesday's stock market freak out thread

[OakRidgeStars]

China's economy is tanking, everyone on Wall Street is as nervous as a whore in church, AND both United Airlines and the NYSE's networks are down due to "technical glitches".

If anyone needs me, I'll be bugging out to my undisclosed hiddy hole.

Please discuss.

[SHMIV]

I don't own any stocks. These things haven't had much impact on me in the past, so I reckon I'll continue to be fine.

[ Post made via Mobile Device ]

[kelu]

Load, aim, fire!

http://www.zerohedge.com/news/2015-07-0 ... attack-map

[MarcSpaz]

China owns $6T+ of our debt. If they need cash, they could call-in trillions in payouts from the US to try to jump-start their economy. We'll all feel that.

[kelu]

You don't prop up an economy with money. You need demand. See the QE failed experiments.
Chinese are working on that, but for now the demand for most of their crap is coming from west.

[MarcSpaz]

You don't prop up an economy with money. You need demand.

I know that... and you know that... but someone forgot to tell Obama, and it wasn't my turn to babysit. LOL

Anyway, I only mention it because if their government can't meet its obligations, they will call in debt owed to them. It doesn't help the people and their economy, but it does mean income for their government to use to maintain their credit rating and keep their government workers happy until the economy does recover.

[ShotgunBlast]

Needs to go down a few thousand more points. Horribly overvalued for what the true economy is like.

[ Post made via Mobile Device ]

[OakRidgeStars]

Needs to go down a few thousand more points. Horribly overvalued for what the true economy is like.

There's a huge correction on the horizon. This one is going to leave a mark for sure.

[smltooner]

Needs to go down a few thousand more points. Horribly overvalued for what the true economy is like.

[ Post made via Mobile Device ]

I, absolutely, agree. However, this correction is going to hurt a lot of people.
I wouldn't be surprised to see a 25% correction.
OUCH!!!!!

[FiremanBob]

China won't refuse to roll over their UST holdings unless a shooting war starts. Too much of their income is tied to the US economy functioning as well as possible - given the circumstances of our traitorous government holding the economy hostage to their corruption, but that's another story - so that they can sell us their stuff. Forcing a Grexit-type crisis on the US is a last resort and an act of war - and one which, if I were President, I'd counter by repudiating all bonds owned by Chicoms as war reparations.

[Snakester]

Sure seems strange that 3 business's experienced a " Glitch " on the same day ....Could this be a " Test Run " ?

[j1mmyd]

Sure seems strange that 3 business's experienced a " Glitch " on the same day ....Could this be a " Test Run " ?

I agree that the optics are concerning, but the correlations just aren't where you'd think. I participate in a private intel-sharing group with a number of companies and we're pretty open in sharing things.

Facts:
1. NYSE halt was in no way related to cyber anything. They are supposed to halt for a number of market conditions; one of those was met.
2. WSJ has been having intermittent CDN problems since last weekend. It is believed that they took themselves down with the traffic they generated covering the NYSE halt. They have not confirmed this yet, but CDNs are large, complex things and difficult to troubleshoot.
3. United halted flights because of an unauthorized change to a network infrastructure item caused by an employee who was troubleshooting something. Change control is a *big deal* there and this is the second time in the last quarter that this has happened.

[j1mmyd]

Load, aim, fire!

http://www.zerohedge.com/news/2015-07-0 ... attack-map

Never trust Norse. They're like FireEye (80% hype; 20% product) but with prettier graphics.

The real threats use infrastructure in the US to attack the US or in a third country when they want to plant the "false flag". All just "Executive Eye Candy"...

[FiremanBob]

Thanks, Jimmy. It's helpful to see the true facts posted for a change.

[j1mmyd]

And the WSJ "CDN problem" angle was just confirmed. They basically took themselves down...