No...its a sharp intraday sell off of the SP500 March Contracts...
Healthy selling...not to worry...the next Bull Market is here...
This is a buying opportunity...
He ehe...Just ask that idiot Jim Crammer...he will tell ya...
Wow, almost back to where we were last Wednesday. It's like Oct 1987 all over again!!!
How is the falloff on the last day shown any worse than that on the first day shown, which was recovered from, and then some, in between?
I traded in the spooz pit when you could SCALP one point moves (not many times, but they existed). A ten point move, especially now that the points themselves are way less than they used to be in terms both of percentage (not much you can do about that!) and in terms of dollar value, is not exactly a cry for mommy. And such a BIG move when almost every trader with any money is out of the markets???? Crap.
These are the times when the bank of Malaysia used to come in and throw their weight around in the stock and currency mkts, (before they decided they could back down the entire interbank market with their precious ringitt), because they knew none of the big boys are playing and they could swing it. Ain't nobody home, and moves don't mean anything this time of year, and anyone who knows anything knows that.