*OFFICIAL* BLACK MONDAY Thread

Black Monday Next Week?

  • Yes

    Votes: 15 30.0%

  • No

    Votes: 35 70.0%
  • Total voters
    50
most pople keep expecting the bounces at certain price levels until the one time it turns south fast & hard. then the bears will be in control. october is the month for the bears to roar.
 
Quote from trefoil:

Europe needs to finally do something about getting this problem finished off. If they don't, down we go.
The past few days the dollar has repeatedly spiked higher. That is purely an artifact of European stammering. I mean, just to put this in perspective, their stress tests on their banks have repeatedly and accurately been characterized as being far more lenient than the ones Geithner ran.

I can't even believe I wrote that sentence.

Those fools need to be hit upside the head with a two by four. They have no idea what could happen if they don't face reality.
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the USD is on fire because the ECB may very well drop rates this week.
 
Quote from shortie:

“October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.”

-- Mark Twain


he starts with Oct for whatever reason...

market-crash108.gif
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Mark Twain died in 1910. He must have been looking at the chart upside down.
heh.gif
 
Hang Seng gap down.
I wonder if they say market
Falling or Farring in China?

Do you think they will be asking for the money we borrowed, back?
 
Interesting that ES has bottomed at 1119.50, and actually bounced to 28.50 before resuming the downward move. Some short-covering, or big players postioning forthe fall....hmm.

To bed now here at 10:30pm EST, looking forward to seeing <1100 next time I open my charts...LOL!! :eek:
 
Quote from mksummny:

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.
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Wow, 36k on the line. That is some conviction. For your sake, hope you are right. Good luck to you.
 
POP?

Market is going no where but sideways for a few days.

Buffet say's no chance of recession.

GS says a very high risk of recession.

NYSE is a fools game anyway.
 
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