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

[Arnie]

Wow, I almost carried some NQ long over the W/E.

We need a day where the curbs kick in before all the selling is done, at least for a 2-5 day rally.

I think some of this selling has less to do with value of stocks than it does with hedgies/funds/etc... selling what they CAN sell, not what they want/need to sell.

 

[donnap]

Quote from storm121:

wow down a big 3%.

most asian markets were up 50% to a couple hundred % over the past few years.

China was up even more.

Im supposed to get scared because of a 3% drop?

Yes

 

[itcanbedone]

Uncle Ben's copter was seen taking off today.

Expect landing w/ dollar bags by 8:45am EST

 

[ang_99]

I can't believe the DAX is getting murdered the way it is..

 

[increasenow]

enough of the HYPE...where does the SP 500 and DOW go, tomorrow, Tuesday 1/22???...do we see more sell off or HUGE bounce back...and YES...no 'surprise' fed cut coming...Bank of America earnings and these 2 econ announcements tomorrow 1/22/08 could be huge...

Bank of Canada Announcement
9:00 ET

State Street Investor Confidence Index
10:00 ET

 

[rdhamija]

Hi,

When does YM stop and resume trading today?

Thanks

 

[increasenow]

Quote from rdhamija:

Hi,

When does YM stop and resume trading today?

Thanks

I believe ends 10:30 am CST and open lik 5:30pm CST...but check it out on www.cme.com and BUY at 6PM CST tonight...could be huge...just my thoughts...

 

[scriabinop23]

This should be the capitulation all you buyers are waiting for.
Wonder if we hit 1220 tommorow.

 

[Div_Arb]

Am I seeing these quotes correctly? Good thing I am in cash!

ATX 3,690.26 -208.02 (5.34%)
BEL-20 3,522.34 -172.79 (4.68%)
CAC 40 4,818.49 -273.91 (5.38%)

DAX 6,801.93 -512.24 (7.00%) - OUCH! ELLIOT!!
AEX General 427.29 -22.79 (5.06%)
Swiss Market 7,330.58 -361.40 (4.70%)
FTSE 100 5,639.30 -262.40 (4.45%) - DANGER WILL ROBINSION!


:eek:

 

[rdhamija]

Quote from increasenow:

I believe ends 10:30 am CST and open lik 5:30pm CST...but check it out on www.cme.com and BUY at 6PM CST tonight...could be huge...just my thoughts...

Thanks... But I couldn't find YM trading hours for today at www.cme.com... Do you have a link?

Thanks again.