Are we close to a seeing a massive stock market correction?

[Overnight]

I wouldn't be surprised if it's a lot more than 300-500 points though. Unwinding regulation will artificially prop up the market for a little bit... It's like the movie "Inside Job". Next one is going to hurt guys..

Well, you mention 300-500 points, but you fail to mention which market. It makes a difference. Futures? The actual index? An OTC outlier?

500 points in ES would be about 20%. 500 Points in YM would be about 0.27%, yes? (Just going by the quick math in head. Can calculate it more exactly if you wish).

 

[beerntrading]

7,994 days for me.. or more importantly just today....

About 7 seconds for me.

Edit: nope, another sip just now.

 

[Overnight]

7,994 days for me.. or more importantly just today....

You have many chips. Great job on your sobriety. Kudos!

 

[MarkBrown]

yea it should be going up any day now! get ready to get long let me know when you do ok?

 

[JackRab]

A slow raise in interest rates isn't necessarily a bad thing... we're normalizing. Raising from almost zero hasn't hurt anything.

It's a sharp rise that will have a bad effect on the market. So when would there be a sharp rise? Inflation goes nuts. Not looking like that yet....

 

[AA_Anonymous]

Well, you mention 300-500 points, but you fail to mention which market. It makes a difference. Futures? The actual index? An OTC outlier?

500 points in ES would be about 20%. 500 Points in YM would be about 0.27%, yes? (Just going by the quick math in head. Can calculate it more exactly if you wish).

I must’ve been drunk when I wrote that. I wouldn’t even try comprehending it.

I don’t know how to delete.

 

[spindr0]

I think we're going to see markets finally slow down. Tax reform is already baked in so when it doesn't pass, we'll get that decent 300-500+ pt correction we're all waiting for.

"Welcome to the Dow Jones Industrial Average", the show where everything's made up and the points don't mean very much.

 

[Overnight]

I must’ve been drunk when I wrote that. I wouldn’t even try comprehending it.

I don’t know how to delete.

Your AA sponsor would not like to read that. Hopefully he/she is not here to see that you are losing your battle. Maybe you should give your sponsor a call?

 

[Xela]

Are we close to a seeing a massive stock market correction?

I always instinctively think we "must" be. And I'm always wrong. Which is probably among the reasons I don't ever trade stocks, at all.

 

[Visaria]

500 points in ES would be about 20%. 500 Points in YM would be about 0.27%, yes? (Just going by the quick math in head. Can calculate it more exactly if you wish).

Please redo calcs...500 point fall in dow at dow 23400 would be more than 2% (quick maths in head)