The Dow is off by 1,500 and sinking fast. This is the largest point drop ever.
VIX is up more than 75% and I am getting lit. However, I do have 20% cash in my quant account and do have some dry powder to buy this catastrophe.
This is margin call selling and it could not have happened on a worse day for Jerome Powell, our new Fed Chair, who is getting absolutely raped on his first day on the job.
FYI: The Market will halt if we drop more than 7%. With less than an hour left in trading, we can only hope for MOAR downside and carnage on an unimaginable scale.
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Fuck
–
You
–
All
You’re pissed because you miss the down move?
Lol so after being wrong for the last 2,000 days you’re finally getting one for yourself? So are you up -98% for the past 5 years now?
LOL Nate. Even the permabears get to be right once in a while.
We’re gonna be proved right that the only consequence of a bull phase following lehman was:
wave
down
#
3
I never cared about the metrics.
I want to see collapse.
I’m getting it.
Moron
Then you’re just a shit flinging nobody
As expected. Nothing more to say:
https://tinyurl.com/y8mtollq
All time high’s before spring. Book it.
All time high’s in VIX before spring. Fixed it for ya…
What a head scratcher. I don’t think we’ve seen the top but it’s starting to look like it. Probably technical crap, Dow went from 1700 down to only 700 down, but how the hell do you trade that? I’m thinking buy (3:30) but nope, too wild for me.
Not really a head-scratcher at all. As I said last week–no one here was worried about a correction/crash, including you. Excessive bullishness like we’ve had is a recipe for a painful drop.
Fly lost his edge when he started trading cryptos and garbage stocks like a degenerate.
Technicals are all fucked. Let’s see if they panic buy tomarrow then throw up again.
From what I’ve read, Jerome Powell is a different animal from the Fed Chairmen of the last 40 years. I think he will be more of a 1920s Mellon-type Chairman – discipline and normalization of interest rates. My guess is that he is not too bothered about a market correction of 20% or so.