DOW down 12.9% in only 5 days

[GTS]

Quote from stock_trad3r:

A lot of longs blow up on the way down, but a lot of shorts blow up by overleveraging into a new bull market. The problem is deciding when to take your profit.

I suspect that this is not a problem that you have.

 

[Daal]

the fact that there is much less short selling might explain this crash

 

[dont]

Quote from Daal:

the fact that there is much less short selling might explain this crash

I think its time they banned selling, from now on you will only be allowed to sell to someone else at a higher price than you paid.

 

[Thermactor]

Quote from dont:

I think its time they banned selling, from now on you will only be allowed to sell to someone else at a higher price than you paid.

LOL!!

 

[Trendytrader]

Quote from KINGOFSHORTS:

Someone I know works at a well known entity is telling me that they have never seen so many redemption calls per day. This is why you are seeing this extended and long drawdown.

I asked him who? And he told me the majority are people in their late 50's.

At this burnrate you should see dow 7600 in 2 weeks.

Yip...the boomers at my company are ALL moving to stable funds. They are not prepared to take anymore risk with retirement finish line in sight.

 

[mgabriel01]

good thing Ive been 100% cash since last year

somewhere down around 7500 or 8k there might be a buying opportunity