I think the next recession may be in the works... Been following China and the US markets and things are looking bad. Whats next is the big question...

Assuming we got out of the last recession...

next biggest thing is tim hortons oreo donut its so damn good everyone will be waiting in line to buy it instead of working

you know what causes recessions?

speculation about recessions.

And the has been a lot of speculation... The global market is tanking so its hard not to wonder whats to come.

my point exactly.

i hope so i want to buy some cheap stocks.

+9999999999999

The broader market only dropped a bit off all time highs.

Two sectors utterly and totally destroyed already, having their own '08 style breakdown and crisis, are Oil and Gold stocks. Some of these stocks are hitting decade lows.

People who own these gold and oil stocks must be feeling like people felt in '08, though most people now who don't own gold/oil stocks don't feel the kind of pain right now, something that they themselves felt in '08.

But everyone else wouldn't really feel any pain right now. 10-20% off the all time highs? Whatever. Some of those gold/oil stocks have fallen 80%+ and more and hitting levels not seen in the past decade through 2 stock market breakdowns.

You know whats good business during recessions...drugs. So everyone just start selling drugs ;)

We've been long overdue for a market correction anyways. China devaluing its currency was just one of the catalysts along with the oil and gas glut that's a result of horizontal fracing technology and newly discovered North American oil and gas reserves.

I'm watching pretty close because there will be a pretty nice entry point to get back in the Market in the not too distant future.

Its what mr ford said, its mostly perception over reality half the time with these things. Whether its 'recession' talk or 'oil glut'. You say it enough and it becomes self fulfilling prophecy and some people even begin to believe it.

Just people trying to stir the pot up so they create volatility to trade from.

For oil: The fact of the matter is, if price really followed a supply demand curve, then the change in price would have been gradual, not drop precipitously over a matter of months. We didn't just get a surge in supply and oil glut last year over a span of a month. What really happened was some OPEC members didn't wanna play nice. Threatened to flood the market with supply. And that jump started a trend downwards for oil that became nasty and fed on itself. All of a sudden people go from talking about peak oil to 'oil glut'. Quite literally overnight. Now "oil glut" is the new pet phrase among analysts. What a bunch of buffoons.

Anyone take advantage of the crash and recovery today? It was my first crash and the first 2 hours were unbearable (All Canadian portfolio - except for one high risk American pharma company)

For example:
CSU Opened at $485.00, tanked to $450.00 then rebounded to $540.

I did a bit of trading when I got wind of the markets potentially pulling back. Not a bad way to pull a years salary in a day!

Or lose a years pay in a day.

When you are making money, you think you're so smart. When you're losing money you think the world is crumbling on you. Euphoria and depression. Two extremes.

i'll take euphoria for 200 please

lol did you hear about the chinese journalist who is being solely blamed for the whole Chinese crash?

yea, that chinese guy is used as scapegoat.