Black Monday - August 9 2010

Quote from shortie:

Aug 6th is also ominous:
Events on August 6, 2010
Atomic Bomb Dropped on Hiroshima (65th Anniversary)
Ball, Lucille (Birth Date)
Blueberry Festival
Bluegrass Festival
Bolivia: Independence Day
Boom Days
Braham Pie Day
Canada: Halifax International Busker Festival
Craftsmen's Summer Classic Arts & Crafts Festival
Electrocution First Used to Carry Out Death Penalty
First Woman Swims the English Channel
Fleming, Alexander (Birth Date)
Gigglefeet Dance Festival
Hiroshima Day
Indiana State Fair
Japan: Peace Festival
Judge Crater Disappearance (80th Anniversary)
Mitchum, Robert (Birth Date)
Musikfest
National Czech Festival
New Jersey State Fair/Sussex County Farm and Horse Show
O'connell, Daniel (Birth Date)
Onekama Days
Parsons, Louella (Birth Date)
Roosevelt, Edith Kermit Carow (Birth Date)
Scotland: Edinburgh Festival Fringe
Scotland: Edinburgh Military Tattoo: the Main Event
Space Milestone: Vostok 2 (USSR)
Tennyson, Alfred, Lord (Birth Date)
Twins Day Festival
Voting Rights Act of 1965 Signed (45th Anniversary)
Warhol, Andy (Birth Date)
White Oak Rendezvous
More...

-1.5% so far midday....

my personal bias is that we stay at this level into EOD but one never knows given the bad karma for Aug 09...
 
The day the markets fall quicker than they did in OCT 1987 will be a day no one is expecting, thinking that its going to come on this day or that day is pretty much a worthless guess. No one saw May 6th, 2010 coming, caught millions of people by surprise.
 
Quote from S2007S:

The day the markets fall quicker than they did in OCT 1987 will be a day no one is expecting, thinking that its going to come on this day or that day is pretty much a worthless guess. No one saw May 6th, 2010 coming, caught millions of people by surprise.
More...

Actually, Pete Stolcers (options blogger) saw the move coming, but he thought it would be in June or possibly July. He kept warning in his blog that the PIIGS (Portugal, Ireland, Italy, Greece, Spain) were in dire straits and once the reality of the situation spooked the market, the sell off would be swift and sustained (it was both, first swift, then sustained off the bounce to reach new 2010 lows). He recommended well in advance of the May crash to have orders for put options prepared in advance, triggered as soon as SPY breached $118.
 
Quote from shortie:

Events on August 9, 2010
...
Perseid Meteor Showers
..........
More...
So how come when I goggle this to readup on it numerous links say Aug 12th?

But I'm sure all those birthdays are correct. :confused:

So that and the fact the bomb was dropped twice around this date ......... doesn't mean all that much to me.
 
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