Thread: tsptalk's Market Talk

Originally Posted by tsptalk

Just a follow-up, the dollar is still down but wheat, corn and soybeans just dumped for some reason after being up all morning. Big losses... 3% to 6%.

Originally Posted by jpcavin

EAT MOR CHIKIN

No! Go vegan. It's the only way to turn this around!

It's the gluten free crowd! Eat more bread!

Originally Posted by tsptalk

It's the gluten free crowd! Eat more bread!

Drink more Hefeweizen and drive ethanol or biodiesel fueled vehicles! Not at the same time, though!

Originally Posted by tsptalk

... but wheat, corn and soybeans just dumped for some reason after being up all morning. Big losses... 3% to 6%.

Crop reports. Abundance. Your hefeweizen may get cheaper. Me likes hefeweizen. ...

Originally Posted by Viva_La_Migra

Drink more Hefeweizen and drive ethanol or biodiesel fueled vehicles! Not at the same time, though!

Originally Posted by tsptalk

Crop reports. Abundance. Your hefeweizen may get cheaper. Me likes hefeweizen. ...

I like Krystallweizen more, but I haven't found it in the States. Might have to learn to make my own.

The TSP is a little late with the share prices today. Tough call on the I-fund share price, I bet. The EAFE was down 1.22% but how much fair value is needed?

Not trying to jinx it, but wow, you're pretty spot-on in your daily commentary about the potential for a weak start after yesterday (covering shorts, etc.). Don't know where it'll close, but after the shellacking we took the past two days, it just feels not seeing it down over 1% at the start.

Alright, onward into the rest of August...

Looks like the 210 area on the SPY will be a key level to break again.

Has anything happened since that last post?

Small caps are kind of interesting today. Looking at the Russell 2000 futures, first they were lagging (as far as a comparison to the S&P 500 futures), then they shot up to start to lead, now they are fading a bit by comparison. Overall nice day, but interesting action.

Something is stirring tonight. Nikkei is down 2.5% tonight, China's Shanghai is off 4%, Dow futures are down 281.

Goldman slashes China

Beijing

WSJ STORY:
China Data Pulls Down Asian Shares

Shares fall as China’s official manufacturing purchasing managers index for August comes in at 49.7

By Chao Deng

Updated Sept. 1, 2015 12:47 a.m. ET Asian markets fell Tuesday, pressured by disappointing manufacturing data that fueled concerns about growth in China and its neighboring economies.
Stocks in Shanghai, which have been at the epicenter of a global selloff, fell nearly 5% in the morning, although they were last off 1.4% at 3160.26.
In Hong Kong, the Hang Seng Index was down...

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China Data Pulls Down Asian Shares - WSJ