“...ES is the e-mini S&P500 futures contract...”
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Should I be all scared and stuff?
Depends on if you are about to have your account blown up with a margin call.
Because it will happen to some tomorrow.
If you think you are immune....Funds could get blown up tomorrow as well
That's up to you.
The S&P500 is an index of the stocks of the 500 largest U.S.A. companies.
Tonight's ES contract indicates that this market will open in the morning down at least another 5% (in addition to recent losses) if nothing changes before the open.
How much of your wealth is tied up in these stocks? 401ks? IRAs? Mutual funds?
If these companies slow down and start laying off workers, how might that affect you or people you love?
How you feel about it is up to you.