S&P 500 drops 10% in six days, fastest correction in history

S2007S · Feb 27, 2020

Dont be surprised by a one day 1000+ point gain. Its coming very soon....I hope it rallies straight up 3000+ points so I can add a ton of short positions but for now anyone shorting might be a bit late to the party.

schizo · Feb 27, 2020

S2007S said:
PPT should be here tomorrow and if not definitely early next week....too many retirement accounts losing tons of money.

We're only down 10% and you're already crying for mercy?

schizo · Feb 27, 2020

S2007S said:
Dont be surprised by a one day 1000+ point gain. Its coming very soon....I hope it rallies straight up 3000+ points so I can add a ton of short positions but for now anyone shorting might be a bit late to the party.

I don't think so. At least not yet. It's too early for this type of short squeeze. Maybe when we're down 30%.

S2007S · Feb 27, 2020

schizo said:
I don't think so. At least not yet. It's too early for this type of short squeeze. Maybe when we're down 30%.

30% drop ?? Nahhh...I'm telling you it will be here well before the 30% drop. Never too early in these markets. I'm telling you it's coming soon.

padutrader · Feb 27, 2020

And now the fastest recovery in the history of markets...…….24000 to 36000

2900 to3900

padutrader · Feb 27, 2020

Sekiyo said:
Volatility begets Volatility
Muahahahahahaba

you bet

padutrader · Feb 27, 2020

the same old boring stuff

buy low sell high

2rosy · Feb 27, 2020

proof that the market is more efficient now. when something fundamental happens markets correct quicker

SunTrader · Feb 27, 2020

Me thinks SPX 2850ish might be a bottom.

newwurldmn · Feb 27, 2020

schizo said:
The motto of the day is: THAT'S WHAT HAPPENS WHEN THE BUBBLE POPS, STUPID!

Don't get sour now. You've enjoyed 12 years of bubble. Had there been corrections along the way, we wouldn't be seeing such a severe selloff. This is the ultimate consequence for extreme greed--extreme fear. Thank god, we have laws in place. This form of irrational behavior is likely what you will see in the wild frontier of lawlessness, or what Hobbes called Leviathan.

We’ve had a few 10-20percent corrections in the last 10 years. May2010, aug2011, aug2015, dec2018. More per year than we had between 2003 and 2007 I think.