You have to Buy the Newbie Panic!!

Again, what panic? The market didn't even go below it's premarket indications.

Panic is 1987. You might want to have a look.
 
i wish i had a screen shot of market watch this morning at 7:00... yes it was panic. it read


'"PERFECT STORM FOR STOCKS"

then something like.... futures signifincantly lower as waves of panic cross japan, london, and the rest of europe. US market expected to open sinificantly lower..it will be a bad open..but will it stay that way?

at that moment, i opened my account and changed all my limit stops to market orders.

i think they were expecting close to an october 19 (black monday). as a bear myself...I wasnt taking chances either.
 
Quote from dac8555:

i wish i had a screen shot of market watch this morning at 7:00... yes it was panic. it read


'"PERFECT STORM FOR STOCKS"

then something like.... futures signifincantly lower as waves of panic cross japan, london, and the rest of europe. US market expected to open sinificantly lower..it will be a bad open..but will it stay that way?

at that moment, i opened my account and changed all my limit stops to market orders.

i think they were expecting close to an october 19 (black monday). as a bear myself...I wasnt taking chances either.
More...


Ah, looks like the media was doing there job to a "T". lol Exagerate everything. I, for one, am a technical trader who only buys in to "the panic" if the charts tell me so. However, I am curious as to what was said that was factual about this panic.
 
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