Report: Markets 'Are Like 1987 Crash'
- Thread starter capmac
- Start date
Really? Then why aren't you a millionaire?
Dumb post. If the market didn't run to "form" there'd be no sense in trading. Market possibilities and profiles are indeed numerous but hardly limitless. The trick to trading is the deciphering of which reality is then occurring.
A sharp, deep retracement off new highs? How many thousands of examples would you like to see?
May 22, 2006
"HONG KONG (MarketWatch) - India's benchmark Sensex dropped more than 10% in the first two hours of trading -- prompting officials to issue statements reassuring investors -- before recouping to end the day with a 4.2% loss.
Trading was suspended for an hour at noon after the index fell by its 10% daily limit, losing 1,111.7 points. It hit an intraday low of 9.826.91. By day's end it was down 456.84 to 10,481.77...."
I think it's safe to say that when a market has a 16% swing in one trading day, there has to be a bit of concern... I'm not saying that the US markets are going to crash, but a 5%+ down day is certainly not out of the question.
"HONG KONG (MarketWatch) - India's benchmark Sensex dropped more than 10% in the first two hours of trading -- prompting officials to issue statements reassuring investors -- before recouping to end the day with a 4.2% loss.
Trading was suspended for an hour at noon after the index fell by its 10% daily limit, losing 1,111.7 points. It hit an intraday low of 9.826.91. By day's end it was down 456.84 to 10,481.77...."
I think it's safe to say that when a market has a 16% swing in one trading day, there has to be a bit of concern... I'm not saying that the US markets are going to crash, but a 5%+ down day is certainly not out of the question.
My intuition tells me large buyers are making the market look crappy - look at the prints pre-market: Huge prints near friday's close, 100-300 share lots way below. (At least in the stocks I look at).
Police on alert for suicides after stocks slide
Mumbai, May 22: Police are watching out for possible suicides by brokers and investors after a steep market slide wiped out billions of dollars in share values, officials said on Monday.
Policemen were keeping a watch near lakes and canals, possible places where people in distress could head to kill themselves. They said rescue teams were on alert.
Mumbai, May 22: Police are watching out for possible suicides by brokers and investors after a steep market slide wiped out billions of dollars in share values, officials said on Monday.
Policemen were keeping a watch near lakes and canals, possible places where people in distress could head to kill themselves. They said rescue teams were on alert.