Why isn't anyone discussing what is going on?

You guys should keep your eye on the ball -- technicals

The S&P is "just" 20-25pts off its highs right now.

In the last 2 years chickensh*t market that seems like a lot, but by historical standards it's not that much.

Back in 2003 and before, 20 pts overnight gaps, up or down, were not rare, and on top of that, a lot of those gaps got filled the same day .... lots of $$ for daytraders

I think equities are awakening, back to their usual self.

The good days are coming back. And this "correction" will be short lived IMHO Bigger swings are ahead.

And the Nikkei down about 3% 2 days in a row... what do people expect with so much "hot money" daytrading japanese stocks like dotcoms in 1999.... lots of morons chasing a bubble == huge swings up and down == lots of $$$ for traders
 
The Japan electronic mkt is another example to keep live bodies in a pit for trading. Japan and most other places are far more advanced than the USA when it comes to electronics.

Another example of thin electronic trading: Look at the globex swings after the earnings flops come out. Swings from about 1282 to 1289.50 3 times can cause one to say: pass the Maalox please.

Wise men/women will trade when real bodies are in control and the players are in the game, not when they are eating supper or at the lounge with a Manhattan in hand.....Be cautious....again, we are in for some fun times this year, hairy days are what we thrive on......:D
 
Quote from murray t turtle:

=================
Will help with partial understanding,
some of us are are willing to pay more for oil & gas. Besides that, some in that sector give free,measured, air for tires.

Not willing to pay more for well advertised GM & stock;
even @ 0% interest,
& most replacement parts are non GM also.
My 1995 GM is a good one, peradventure that favors the polar bears also.

:cool:
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you sound like seth.
 
Quote from NTB:

Markets are off huge in Japan for last 2 days. S&P down more than 13 overnight. Haven't seen this in a really, really long time. Something serious is happening, more than just another day. Thoughts
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Good Call Man!...You were the first one on this site who was concerned about the gap down earlier in the week....Hope you were able to profit from it.....Whatever happens now won't matter.....You were wisely concerned at the time....Others here just like to pop off at the mouth!
 
Quote from hairdresser:

All this chatter is making me buy, buy, buy.
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i may have found who was on the other side of my trades...

the only thing i am buying right now is a soda!

cant remember the last time i saw the dow down 160+.
 
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