Another 300 point drop today.

[joepepper2001]

 

[joepepper2001]

weekly

 

[nickdes]

Hedgefunds unloading, premarket showing lots of stuff getting dumped on the market. Market Spooked first by Palin now McCain and 6.1% unemployment, MER downgrade.

Dow 10800-10900

----------------

You are not too bright with your analysis of the correlation between McCain/Palin and the Markets! Try again, of course do this on a different board.

 

[S2007S]

Everyone should be used to 200-300 point drops by now.




Yesterday on cnbc they said there were 38 200+ point drops in 2008, in all of 2007 there were 27. Everyone should be used to these drops....

 

[dsq]

Quote from trader_arb:

exactly. now when can we officially declare decoupling a myth?

this time its different....oh god,where have i heard that one before...oil bubble,real estate bubble,dot com bubble...Thing is there is always a very good argument to support the argument but in the end these bubbles always end the same way.Speculation is mostly driven by human psychology rather than fundamentals.

 

[jasonjm]

Quote from KINGOFSHORTS:

Hedgefunds unloading, premarket showing lots of stuff getting dumped on the market. Market Spooked first by Palin now McCain and 6.1% unemployment, MER downgrade.

Dow 10800-10900

I dont get it, what has palin and mccain got to do with this selloff?

 

[RussellDaytrade]

feels like it'll end positive today

 

[traderyin]

Who's buying today? I want to hear your case.

 

[The Kin]

After a short absense, the Plunge Protection Team has returned!

 

[BlackBison]

Quote from traderyin:

Who's buying today? I want to hear your case.

the case is too much panic after a big down day. who cares who is buying, someone is.

good chance of choppy day, with maybe a rally into close. selloff maybe resume at ES 1250 in a day or 2