Scary market

I would not say worst or scariest market, but a little bit different. Actually I remember 2001 and 2002 had days as crazy like right now and last 2-3 weeks.

I remember sending ES orders then and executed instantly but up to 2 or 3 points away where bid/ask was at the time I clicked. The reason was not delayed quotes, but bid asks jumping like crazy, as I did some studies and experiments to confirm that my broker was not screwing me.

Right now I have much better executions, but the moves are relentless.

These days it's like the whole day is a payroll or fed rate announcement. Quite fast and relentless market and it doesnt ever stop.

Three weeks ago and before it s been pretty mild IMHO not like a true bear market. THIS is a bear market.
 
It's actually very dumbfounding to listen to market commentators reporting "strong volatility and markets down - but we never know what will happen, and maybe it will turn around before the end of the day" ... and then smile with a silly smile amongst the turmoil.

That folly never ceases to surprise me... USD 2 trillion lost in 5 days. That sounds like a pretty good basis for optimism. NOT...

The bottom is nowhere near anytime soon - those listening to these optimists will be the one paying the tabs...
 
I had thought the lows were in early this week - all the pieces were in place for a normal low.
Well... for what is worth, we still do not have a new President in place, with a new economic plan that may indicate new leadership in stocks. Does anyone here think that we will not have a market rally until a few weeks after the election, even if credit markets get fixed? Looks like markets want Bernanke, Paulson and Bush out!
 
Seems the US treasury announcing USD 40bn debt selling has an impact on "psychology" - or maybe the "brain"...

10-yr and 30-yr yields are up, but this is just the start of the bailout financing...
 
Quote from stock_trad3r:

market not scary at all. No lost sleep.

Happy to hear your Valiums are working - brother of truth and love, keymaster of room 101.
 
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