Black Monday

[hajimow]

Basically oil is flat now which absolutely does not make sense. EUR/USD and oil are both down 1.35%. My prediction is that oil will drop another one percent (at least in the next 24 hours).

 

[sheda]

What is the point of the greek referendum on the 5th? If they vote in favour surely the window of opportunity has gone and there is nothing to turn it around now? If the eu rags start pumping money into greece on the 6th and again continue this cycles, jesus christ

 

[eurusdzn]

Pabst has a Hall of Fame thread where he authored an article( i believe Surf was involved)
where he very nicely spoke of the real time ongoing reevaluation of positions.
So , what do you think just got priced in?
Graccident/Grexit/Grapilat Controls/Grank Failures?

 

[Tavurth]

Alright, my alarm woke me up to see the drop. I'm closing the full SPX short here @ 2069.
I'll leave gold to run for a while as it's only on 20%.

Goodnight

 

[clacy]

Pabst has a Hall of Fame thread where he authored an article( i believe Surf was involved)
where he very nicely spoke of the real time ongoing reevaluation of positions.
So , what do you think just got priced in?
Graccident/Grexit/Grapilat Controls/Grank Failures?

Probably just short term fear that the can has been kicked as far down the road as it could. In the scheme of things, Greece isn't too big of a problem on its own.

Now the question becomes, are there any other huge imminent problems out there lurking?

As we saw with Lehman, there sometimes there is more to follow.

 

[S2007S]

Look at those futures drop...
The lowest I saw them down was about 15 mins after they were open and that was 321 Dow pointsn they have recovered slightly to down 248....now you know by the premarket they will probably be down about 175-200 and probably by the opening bell off around 100-150..meaning everyone will be buying the 1-1.5% dip hoping that even the federal reserve comes in to save these pathetic markets... im staying up all night to watch this action as I want to see some of the opening prices on some of the triple ETFs I follow....going to be quite a show from now till the close tomorrow afternoon.

 

[S2007S]

Alright, my alarm woke me up to see the drop. I'm closing the full SPX short here @ 2069.
I'll leave gold to run for a while as it's only on 20%.

Goodnight

Think its good you closed it ...you know those dip buyers will be out all night buying up The futures....even if the s&p breaks those support levels they will still buy them up and by the end of the week this drop will look like it never even took place....
Wait till Greece gets bailed out futures will surge 300-500 points so better you sold and booked some gains.

 

[S2007S]

It can easily go to 500 drop. Now we are talking . Lots of margin calls at open tomorrow.

I think you need a drop of 1000 points or maybe even a break below 17000 to really get those margin calls going

 

[volpunter]

what are you talking about. Greece implemented full bank capital controls already, so this is yesterday's news. Of course the market fully digested this news already.

Pabst has a Hall of Fame thread where he authored an article( i believe Surf was involved)
where he very nicely spoke of the real time ongoing reevaluation of positions.
So , what do you think just got priced in?
Graccident/Grexit/Grapilat Controls/Grank Failures?

 

[hajimow]

I think you need a drop of 1000 points or maybe even a break below 17000 to really get those margin calls going

yeah, more drops , more margin calls. The bearish sign would be after say 250 points drop on Monday, market rallies like only 48 points on Tuesday.