Market is tanking

hajimow · Dec 7, 2010

giving up all the gains that started today. This can be the end of the bull market or a correction.

Arthur Deco · Dec 7, 2010

Or maybe an abreaction to the ambuggerous consumer discredit report.

hajimow · Dec 7, 2010

Volume was healthy today so a down day like today means a lot.

shortie · Dec 7, 2010

the bulls won't surrender without a fight. they have the confidence that Fed is there to save their sorry aszes.

i hope we start seeing some gap downs that don't get filled to trap some bulls. only short have been relentlessly trapped so far.

Tsing Tao · Dec 7, 2010

yes, tanking. its up two right now. what a tank! especially after that 40 point rally.

atticus · Dec 7, 2010

No way we sell off hard into XMAS. ES 1208-1239 through the 24th. Great opportunity to sell vol neutral to 1220.

Petsamo · Dec 7, 2010

Quote from shortie:

the bulls won't surrender without a fight.

Whatsa matter, shortie? No faith? Did da bulls give you a good bitch-slappin?

hajimow · Dec 7, 2010

Quote from Tsing Tao:

yes, tanking. its up two right now. what a tank! especially after that 40 point rally.

Actually when I started the post, it was up 5 points after being 40 points up. In this confident good day that everything started well, dropping 35 points is tanking. Now it is really RED.
I also call it a rally if the market opens down 50 points and then closes down only 5 points.

i_c_fed_people · Dec 7, 2010

lol.
We are still UP on the day!
Its a tiny pullback in a monster rally that will probably go to 1500 or so.
You lot are crazy permabears!

[Proximo] · Dec 7, 2010

This isn't tanking -- just letting a little air out of the balloon.