Black Monday

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Quote from ByLoSellHi:

I'm literally so wound up I won't be able to sleep tonight.

We are in a free fall, cascade, IMO.

This is surreal. China down 6%+ with curbs in effect possibly?
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No doubt I'm in awe. I didn't think we'd sell so hard yet. At this point the spoos are looking at 1366-1380 range Monday or worse....
 
anyone watch singapore? it was very interesting all night and what was most unusual was that over the last fifteen minutes, there were almost no upticks. bids got hit all the way down at every level for about a 2% slide - no retracements at all along the way.
we'll have to see if it can find some support...
 
Why they call it BLACK Monday. Racist mo fo's. After all , most of the traders I see on the floor are lilly white .

Not to mention when one says a company is in the BLACK, that is supposed to mean making $$$$$.
 
Carry trade being unwound as we speak. I've been talkin' about this for more than a year and it's happening tonight. Just friggin' awesome....
 
any thoughts on where we open monday 9:30 am EST ?

spoos , dow , nas , russell2000 etc

how much lower can we go tonight ?
 
do you think these markets could ever see another free fall like they did in Oct 1987??



I think curbs would kick in after a 5% drop.
 
Quote from duard:

Bloomie:

Paulson Visits Japan

Losses in the dollar may be limited by speculation U.S. Treasury Secretary Henry Paulson will today say that recent declines in global equities are unwarranted and that he favors a strong currency. Paulson, scheduled to meet Japan's Omi this evening in Tokyo, yesterday said the U.S. economy is ``healthy'' and downplayed last week's stock slump.

``This meeting will cause a slowdown in dollar-yen selling....


PPT to the rescue. Just in time to intervene. Like on the tube years ago. Now back to your regularly scheduled programming.
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don't hold your breath. central bankers and the treasury talked up the mkt for months in 1929-30..alot of good it did hehe


the usd/yen comin off is playing into the markets worst fear. This will be interesting...
 
Quote from S2007S:

do you think these markets could ever see another free fall like they did in Oct 1987??

I think curbs would kick in after a 5% drop.
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http://www.nyse.com/press/circuit_breakers.html

In the event of a 1250-POINT decline in the DJIA (10 percent):

Before 2 p.m. 1-HOUR HALT
2-2:30 p.m. 30-MIN. HALT
After 2:30 p.m. NO HALT

--------------------------------------------------------------------------------
In the event of a 2500-POINT decline in the DJIA (20 percent):

Before 1 p.m. 2-HOUR HALT
1-2 p.m. 1-HOUR HALT
After 2 p.m. MARKET CLOSES

--------------------------------------------------------------------------------
In the event of a 3700-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.
 
Quote from Bowgett:

http://www.nyse.com/press/circuit_breakers.html

In the event of a 1250-POINT decline in the DJIA (10 percent):

Before 2 p.m. 1-HOUR HALT
2-2:30 p.m. 30-MIN. HALT
After 2:30 p.m. NO HALT

--------------------------------------------------------------------------------
In the event of a 2500-POINT decline in the DJIA (20 percent):

Before 1 p.m. 2-HOUR HALT
1-2 p.m. 1-HOUR HALT
After 2 p.m. MARKET CLOSES

--------------------------------------------------------------------------------
In the event of a 3700-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.
More...


thanks for the info.
 
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