*OFFICIAL* BLACK MONDAY Thread

Black Monday Next Week?

  • Yes

    Votes: 15 30.0%

  • No

    Votes: 35 70.0%
  • Total voters
    50
This is the 64k dollar question: what was the volume like on the selloff? Both the 1929 and 1987 crashes were preceded by a big Friday selloff on unusually high volume.
 
EOQ selling is what we saw. On Monday I am going out on a limb and saying we open +150 with fundies putting new money to work. I am long 300 116 spy calls that expire next Friday with that being said. I will play my chances for the pop.
 
Market is screwed. The market cannot have a sustained rally without a Greek default. It is inevitable part of the bottoming process. Kicking the can only keeps the Greece monkey on our backs. A Greek default causes short term panic and a bottom which would immediately rally world markets HUGE. Before then, we'll have more shortable rallies. Breaking 1100 is a matter of time.
 
Greece is like 2% of the Euro GDP...the real problem is Italy :0

Quote from MarketOwl:

Market is screwed. The market cannot have a sustained rally without a Greek default. It is inevitable part of the bottoming process. Kicking the can only keeps the Greece monkey on our backs. A Greek default causes short term panic and a bottom which would immediately rally world markets HUGE. Before then, we'll have more shortable rallies. Breaking 1100 is a matter of time.
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Quote from shortie:

The slow crash going into Friday close is very unsettling!

Black Monday next week??
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Please, don't tell us that you are related to stock777!!!
 
the market is overvalued . global economy is in crises. the market is complacent. expect a selloff of spx down to the 1070 range. these moves have been bs lately. let's get some real panic selling. fear on the street would be good for a bottom. new year lows are in order.
 
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