Gotta love ZERO RISK in the SP500 = $$$

Time to que up Munch... ;)

Edvard-Munch-The-Scream.jpg
 
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v-shape-0DTE said:
Yeah this can have a day like Thursday every now and then, but that is it. Always makes a V so fast. Every drop always instantly bought. If you've been following the market for the past 2 years, its impossible to imagine a scenario where there is any sustained downside. I don't care what happens next, this market can't be stopped. Any red day/bar is a gift. It will never stop making new highs.
More...

I knew when I read this post, the top was in. I'm totally serious.
My what a difference a few weeks can make. :rolleyes:
 
It's always weird to see MIT (University) bonds as a $$ gainer at the top of the portfolio and then try to figure out what the heck is going on without looking at any news. A green MCD sure doesn't make the story any easier but it looks like stuff that ran up are getting reset and those waiting for a rate cut just have to be patient.
 
This Is quite an amazing .......


$2.9 trillion wiped off

Biggest drop since 2020


just goes to show you that when you see unlimited gains for years and you get just a minor pull back it feels like the end of it all.....


Particularly, in a staggering blow to the markets, $2.9 trillion was wiped from stocks in the early trading hours of August 2 amid mounting fears of a global recession. The sharp sell-off marks the worst day since the 2020 COVID-19 crash.
 
Businessman said:
Its a lot for just one day, but in the big scheme of things not that much.

The S&P fell 30% in 2020 and 2022, it wasn't that big of a deal.
More...



I will agree it wasn't a big deal, but to be honest it wasn't a big deal if you take a few steps back and see the graphs from the last decade. Yes it's easy to say now the sell.off of 2020 and late 2022 weren't that significant but during those moments they certainly were . Those sell offs on the big chart look like they never took place seeing how far the nasdaq and other indexes ran up soon after....
 
I have a feeling with all this negativity around Fridays markets that most anticipate a follow through into Monday which I think is possible, but I'm leaning on some buyers coming back tomorrow to find some deals....

Either way this volatility is going to be awesome!!!
 
The party has started....


Let's see how they turn these futures green by the open.



Dow (mini)
chart.asp

FUTURES
IND CLOSE FUTURE CHANGE
39,737.26 39,646 -233
FAIR VALUE FUTURES (48.26)
FV CLOSE FUTURE IMPL OPEN
39,927.26 39,646 -281.26
Last updated: Sun Aug 04 2024 | 6:04 PM EDT
S&P 500 (Mini)
chart.asp

FUTURES
IND CLOSE FUTURE CHANGE
5,346.56 5,323.75 -52.25
FAIR VALUE FUTURES (4.56)
FV CLOSE FUTURE IMPL OPEN
5,380.56 5,323.75 -56.81
Last updated: Sun Aug 04 2024 | 6:04 PM EDT
NASDAQ (Mini)
chart.asp

FUTURES
IND CLOSE FUTURE CHANGE
18,440.85 18,293 -263.25
FAIR VALUE FUTURES (18.6)
FV CLOSE FUTURE IMPL OPEN
18,574.85 18,293 -281.85
Last updated: Sun Aug 04 2024 | 6:04 PM EDT
Russell (Mini)
chart.asp

FUTURES
IND CLOSE FUTURE CHANGE
2,109.31 2,102 -16.5
FAIR VALUE FUTURES (4.81)
FV CLOSE FUTURE IMPL OPEN
2,123.31 2,102 -21.31
 
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