Why is market down today

Quote from BSAM:

Actually, the ramp up started about 12:45 when SPY hit the trendline. Apparently somebody in the Fed uses technical analysis.:)
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No, the ramp up never materialized. A Fed Ramp up is a bit more obvious :)
 
Quote from BSAM:

Can't vouch for this, but I'm quite sure it's true. You see, I'm in USA. However, I do recommend folks to take my page 4 advice. It's because so many here don't, that we have a constant barrage of these type threads here on ET.
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ha! I'm stateside as well. Just sayin I felt pretty smart solvin that little thing while 3/4 lit.
 
Quote from gottatrade:

My Tout TV is broken today and can't seem to find a good explanation why the dow is down 100 points. I assume

a) We are about to be consumed by the sun or
b) Things are just TOO good.
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Yes sorry about that chaps, I gave my broker strict instructions to sell quietly ... to cut a long story short, I fired the fucker.
 
If you don't know why we tanked today, you should not be trading whatsoever ! And you don't need a tv to figure out what the cause was.
 
Quote from wiesman02:

If you don't know why we tanked today, you should not be trading whatsoever ! And you don't need a tv to figure out what the cause was.
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Yeah I agree I started a stupid thread but so what. I was being a bit sarcastic- nothing seems to take the market down lately. I wasn't trading today and TV down so decided to get all my market insight here LOL.
 
Quote from S2007S:

This is suppose to be the buying opportunity for all bulls who didn't ride these last 4000 dow points, anyway no need to worry they will jam the futures up on Monday and when the market opens Tuesday it will rally once again eliminated nearly all its losses today. Why should anyone be worried about today's decline.
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FUTURES ARE JAMMED HIGHER!!!!


:p


Who would have thought


DJIA INDEX 10,603.00 40.00 10,554.00 10,605.00 10,548.00 01/18
S&P 500 1,136.90 4.60 1,132.00 1,137.10 1,129.50 01/18
NASDAQ 100 1,874.00 11.75 1,862.00 1,874.50 1,860.25 01/18
 
All bulls who cried on friday about why the market was down 100 points is finding out today that there is no risk when buying a 10 point pull back or a 100 point drop.
 
since we had an options expiry on Friday it would make sense to have a pullback some time this wk so portfolio's can be adjusted.

goes to show you the news really has no value.
with GS reporting on Thursday (since the news is out to wall st) they will try and push us long until the public gets the news.

15 month high again with no pull back, crazy.
 
Bloomberg has an interesting interview going on right now talking about how they cannot find who is buying and that the majority of the trading is in the futures over night and not actually the stocks.
I remember trading in the fall when the nq and es where down and the futures were up and I couldn't believe it.

seems the US Government is the buyer and the dollars that are unexplainable are in the trillions (I believe they said) no sure if not high Billions.

they have been giving all the reasons to pullback but they believe Obama has no exit plan in place since he said buy in March of last year.
 
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