Gotta love ZERO RISK in the SP500 = $$$

i really wanted that 1951, but i missed it....have a look at longer term daily chart of esu15 if you want to know why. I think it will be retested though.

imho, there is no need for the market to move lower, minor correction, we are in august so still summer, be happy etc . US shares reasonably priced now, would expect funds to pick up bargains.
 
Taiwan bans short selling below previous session prices:

Taipei, Aug. 23 (CNA) The Financial Supervisory Commission (FSC) announced Sunday that it will ban from Monday the short selling of stocks below the closing prices of the previous business day, to stabilize Taiwan's equity market.

From Monday, investors would not be permitted to short sell borrowed stocks and Taiwan Depositary Receipts below the closing prices of the previous session, the FSC said.

The FSC also encouraged the banking sector to buy back their own company stocks and purchase blue-chip stocks. It also urged listed companies to hold business briefings.

http://focustaiwan.tw/news/aeco/201508230008.aspx
 
I find it extremely amusing how all of the sudden the downside isn't over yet according to most headlines I'm reading tonight on cnbc yet go back just a month ago and new highs were expected across the board after the greece bailout and the shanghai index finding a floor. It just goes to show you how extreme opinions change today versus just a decade or 2 ago.
 
Just to put this move into perspective, I'm looking at weekly ES futs options that expire on Friday, 8/28 (5 dte)...With ES trading at 1957.50, take a look at this:

Aug 28 15 1850p 14.00 x 15.00
Aug 28 15 1800p 10.25 x 10.50
Aug 28 15 1775p 8.75 x 9.50

Most of these options were sub 1.00 on Thursday...Friday clearly brought into play market crash potential.
 
US and Europe will have to bail out China. Actually they will. I am sure. The damage of China failure is to US bigger than US banks failure. China holds US bonds.
 
Whoaaaa





"I think the relevant phrase is that it's too late to sell—but certainly too early to buy," S&P's Blitzer said. "Sometimes what happens is that after a drop like this is that people worry themselves sick the entire weekend, and then they come in early and they sell."

Blitzer's example of this is a particularly scary one for the bulls: Monday, October 19, 1987—the date better known as "Black Monday."

That session, in which the Dow Jones Industrial Average lost 22.6 percent of its value, was preceded by a Thursday drop of 3.8 percent and a Friday decline of 2.4 percent.
 
S2007S said:
Whoaaaa





"I think the relevant phrase is that it's too late to sell—but certainly too early to buy," S&P's Blitzer said. "Sometimes what happens is that after a drop like this is that people worry themselves sick the entire weekend, and then they come in early and they sell."

Blitzer's example of this is a particularly scary one for the bulls: Monday, October 19, 1987—the date better known as "Black Monday."

That session, in which the Dow Jones Industrial Average lost 22.6 percent of its value, was preceded by a Thursday drop of 3.8 percent and a Friday decline of 2.4 percent.
More...

SPY dropped from 212 to 197 so what. I am waiting for 150.
TZA dropped from 72 to 9 and now it is 12. Drop is over? Hell No.
 
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