Black Monday - Futures deep in the red, Asia down again, when will it end?

[maflip]

So what if Asia is down? Maybe it's a reaction from last Friday's little down day... BTW there's a support on ES at 1315 - 1320 if that holds then possible swing up from there. If not... then sorry to say next support is waayyy down there.

 

[EMRGLOBAL]

DJI futures down 129,

The naz future mean nothing, that market is dead

S&P are down 18 or so.

Humm, I see a divergence.

So what will it be, the DJH/M drag the S&P down or the S&P pops and the DJH/M follow.

We shall see, I don't see much activity in the Futures right now.

 

[marketsurfer]

Quote from mokwit:

10 UK hedge funds are known to have halted redemtions since last sell off. Seem to be CDO or multi strategy.

where did you get this info? do you know which ones?

thanks, surf

 

[pumpanddumper]

Bear protection team is getting to work quicker than I thought. Was supposed to stay sort of flat. Damn it, should of carried my short over the weekend! Bear protection team is covering in the morning and going long for the mini sucker rally.

 

[EMRGLOBAL]

I only heard one stopped Redms Surf, not 10.

I'd like to know as well, but I highly doubt that is true.

 

[paradox]

http://business.timesonline.co.uk/t...ectors/banking_and_finance/article3256253.ece

Quote from marketsurfer:

where did you get this info? do you know which ones?

thanks, surf

 

[mokwit]

"these markets are going to dry up by end of this year and stay in a shitty sideways, bullshit market"

'fraid that's what's coming. Have to make hay while the sun shines. The really annoying part for non daytraders is that as soon as the market starts to follow the line of least resistence it is supported by rate cuts from that not very funny circus act Bennie the Clown and The Chimp. My mental image of Bernanke now is white face paint , red nose and striped trousers.

 

[rodmike9]

Quote from pumpanddumper:

I agree completely. The action we had last week comes by once a blue moon. Any crazy swings now is icing on the cake. Dead trades lie ahead so take advantage now!

Volatility increases during "bear" markets.

 

[mokwit]

Quote from rodmike9:

Volatility increases during "bear" markets.

It increases during the early part and then compresses right down.

 

[jreynolds212]

All I know is that the SPX will see the 1100s before it sees the 1500s.

I fully believe that the SPX will get to 1500 again, ummm, that is in about say ummmm about 4 years after it touches the 1100s...