Market Spooked?

[aphexcoil]

Futures are down after the run-up from MSFT's earnings report. Apparently the main story on a lot of news channels is that the threat level of another domestic terrorist attack is approaching the level of threat weeks before September 11'th.

 

[just21]

S&P cannot get past the .618 retracement of the august-octbober decline at 889-890.

 

[hardrock375]

Or...maybe they could be down because of ERICY's poor earnings report and implementation of a 1-20 Ratio Change (what this change implies).

 

[DTK]

I just woke up (3 hours later than usual for me) and was wondering WTF was going on with the futures. Globex looked pretty healthy when I went to bed at midnight. Oh well.

 

[daniel_m]

or.. maybe (most likely) none of these news services really has a damn clue,... but giving some reason sounds a hell of a lot better than the truth (that they don't have a clue)...

 

[hardrock375]

Originally posted by daniel_m
or.. maybe (most likely) none of these news services really has a damn clue,... but giving some reason sounds a hell of a lot better than the truth (that they don't have a clue)...

Something like what I tell my friends when they ask me why the market is down...

The sellers want to sell, more than the buyers want to buy.

 

[DTK]

The beauty of coming into each day flat.

 

[illiquid]

Originally posted by DTK
The beauty of coming into each day flat.

The beauty of rationalization after a week of gap-ups.

heh jk dude

 

[SocalTrader]

Flat is great right now, there is just no compelling need to take unwanted unneeded risks. Let it open, settle and then we pounce

 

[billb2112]

Ya, these past few days have been great for "pouncing" with those 10-15 point ranges.