500+ Point Drop By Close

ByLoSellHi · Mar 14, 2008

Watch. It's a fait accompli.

Anyone with a clue drew way down on the 400 point rally this week.

The Kin · Mar 14, 2008

Psst. The dollar is crashing. Fastest I've seen.... ever.

5Pillars · Mar 14, 2008

Could happen - I have been shorting rallies with reckless abandon for many weeks now and I still have not seen what I think is a bottm.

MrDODGE · Mar 14, 2008

Agree

drsteph · Mar 14, 2008

Quote from The Kin:

Psst. The dollar is crashing. Fastest I've seen.... ever.

Oh there's been faster days but never in succession.

Serious stuff.

Jayford · Mar 14, 2008

Quote from The Kin:

Psst. The dollar is crashing. Fastest I've seen.... ever.

You shoulda seen 1985 to 87. G5 conspired to hammer dollar. Fell at this speed for 2 years. Was way over valued then however.

stock_trad3r · Mar 14, 2008

So far, not too bad. markets down, but could be worse.

hilojack · Mar 14, 2008

I think we may see some short covering into the close. Who wants to be short if helicopter ben & co. surprise with a rate cut monday am before the market opens?

The Kin · Mar 14, 2008

Quote from Jayford:

You shoulda seen 1985 to 87. G5 conspired to hammer dollar. Fell at this speed for 2 years. Was way over valued then however.

I was one year old! Less.

ByLoSellHi · Mar 14, 2008

Quote from hilojack:

I think we may see some short covering into the close. Who wants to be short if helicopter ben & co. surprise with a rate cut monday am before the market opens?

Do you honestly think a rate cut to ZERO would do any good?

It will just hammer the dollar into peso territory.

We'll have stckturdr's 200 oil for sure, then. And a depression.