2200 is strong support for S&P 500, will it break ?

[Scataphagos]

I really don`t care... Anything significantly less than 22% , like 5%... is more or less irrelevant , unless heavily short!

Ditto.

Frisky wants to argue the significance of "5%". What if we were talking about 10%, or even 6%? What's the meat of the argument? (If all he wants to argue and thinks is significant, "you've got Swiss cheese memory, old man"... well, I can't argue.)

 

[NY_HOOD]

We have been getting plenty of down 2% days. To me thats worse than one or two down 10% days.
This market was artificially held up by ridiculously low interest rates and stock buy backs.

 

[FriskyCat]

What the hell does that mean?

It means you were proven wrong. Just step up and say I was wrong, instead of arguing the arbitrary merit of -5%.

 

[Scataphagos]

It means you were proven wrong. Just step up and say I was wrong, instead of arguing the arbitrary merit of -5%.

I am going to look those dates up if I can. It's you making an ass of yourself over this. You are arguing minutia while disregarding context. (If I had initially said, "no single day drops of -10% except '87", or even "few if any -5% drops", the context would be the same and you would have nothing to be nit-picking about.)

 

[nooby_mcnoob]

I think we'll see ~$200 SPY before people truly despair: https://www.elitetrader.com/et/threads/spy-chart.327169/#post-4762517

 

[speedo]

October 1st 1987 was my Wife`s first day at the NYSE... back when woman were not allowed to walk the Floor ... She approached her boss on Oct 19th or 20th ... She recalled asking him in her Naivete " This place is very depressing... Not sure I want to do this anymore"!

 

[bond_trader_v]

2200 will hold today and forever.

 

[tommcginnis]

Not so much the Taper Tantrum, but the Trumper Tantrum.

2350 is when the S&P will normalize with it's historical p/e.

We really should save all the "Crash!!?!?!?!" talk until we're 20% below that.
(That's 1880, for anyone counting...)

I mean, if actual market *history* means anything.....

 

[They]

My guess for sometime in the first 6 months of 2019. About 2 1/2 years of value accepted and rejected from this area. Just keep this volatility coming!
BTW, I am not a bear, I just like it when the market goes down.

 

[nooby_mcnoob]

Just as long as you remember that I called it (and adjusted my portfolio) first!