DOW futures down 800

[Cuddles]

Of what year?

NQ is a few points away from retesting the lows on 2/28

How long until Jan '19 bottom?

 

[S2007S]

Lower fuel cost acts as a global tax cut.

Yep heard that idiotic foolish dribble of a sentence before.....

Tax cut, haaaaaa for who? The middle class filling up their car once a week...and let's say they save a few bucks a week there retirement accounts are losing tens of thousands of dollars!!!!
Oh and lower fuel prices means less demand and a slowing global economy with recession on the horizon and unemployment numbers ticking higher...



Haha lower fuel acting as a tax cut...what a joke. So unbelievably false

 

[S2007S]

How long until Jan '19 bottom?

Days....market is going to free fall

 

[trdes]

Lower fuel cost acts as a global tax cut.

This type and level of deflation is not something you want to see for a sustained period, considering how far down the path we went already, unless you're looking for some type of hard reset. Unless that's what you're looking for I don't see how lower fuel cost will out weigh all the negatives.

 

[Overnight]

2/28/20. Look at the chart.

Well hell, it did get there recently, didn't it. Forgot about that drop, heh

 

[JamesJ]

Limit down in equity indizes is around the corner...
ES -4.7%

2819 is limit down, currently 2823

 

[Overnight]

Limit down in equity indizes is around the corner...
ES -4.7%

Hardly!

 

[mskl]

I think ES limit is 5% (pre open)..... so we are close

 

[JamesJ]

I think ES limit is 5% (pre open)..... so we are close

Yes. 2819 is limit down in march ES, currently 2823.
https://www.cmegroup.com/trading/price-limits.html#equityIndex

 

[Cuddles]

Limit down in equity indizes is around the corner...
ES -4.7%

2819 is limit down, currently 2823

I think ES limit is 5% (pre open)..... so we are close

does that mean you can't take short positions tomorrow?