Black Monday - Asia Markets down 3-5%, futures blood red

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Quote from jreynolds212:

Its that time again for another Black Monday thread. This time Asia appears to be the fat man sitting on the toilet after drinking too much Peptol taking that 3-5% dump. US Futures in the red. Oh man not again, yes again, Black Monday. Waking up to find your Goog has lost all its 2007 gains. Waking up to find Bear Stearns in bankruptcy along with ETrade.

What will happen next? All I know I can say is two words which are "Go Swift-Trade".
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Gonna be difficult for a Black Monday when the NYSE is closed on MLK. :D :D :D
 
With spooz down a whopping 4.8% on globex, if you have a futures account the only stupid & crazy thing one can do, is to NOT to get long right here, right now!

They'll be down 'only' 3.5% at some point before Tuesday's open... and that's if the Fed <b>doesn't</b> step in.

(ES currently trading 1261.60)
 
Quote from Rearden Metal:

With spooz down a whopping 4.8% on globex, if you have a futures account the only stupid & crazy thing one can do, is to NOT to get long right here, right now!

They'll be down 'only' 3.5% at some point before Tuesday's open... and that's if the Fed <b>doesn't</b> step in.

(ES currently trading 1261.60)
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Good call thyere. 1278 on ES now.
 
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