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January 21, 2008 at 8:39 PM #140584January 21, 2008 at 8:50 PM #140288anParticipant
Base on CNN, the DOW future is up 20 points. If the FED announce an emergency rate cut, that might send the US market running from short covering and bottom feeders buying in. Only time will tell, but I don’t see a -450 points DOW future. Am I looking in the wrong place?
January 21, 2008 at 8:50 PM #140503anParticipantBase on CNN, the DOW future is up 20 points. If the FED announce an emergency rate cut, that might send the US market running from short covering and bottom feeders buying in. Only time will tell, but I don’t see a -450 points DOW future. Am I looking in the wrong place?
January 21, 2008 at 8:50 PM #140525anParticipantBase on CNN, the DOW future is up 20 points. If the FED announce an emergency rate cut, that might send the US market running from short covering and bottom feeders buying in. Only time will tell, but I don’t see a -450 points DOW future. Am I looking in the wrong place?
January 21, 2008 at 8:50 PM #140552anParticipantBase on CNN, the DOW future is up 20 points. If the FED announce an emergency rate cut, that might send the US market running from short covering and bottom feeders buying in. Only time will tell, but I don’t see a -450 points DOW future. Am I looking in the wrong place?
January 21, 2008 at 8:50 PM #140598anParticipantBase on CNN, the DOW future is up 20 points. If the FED announce an emergency rate cut, that might send the US market running from short covering and bottom feeders buying in. Only time will tell, but I don’t see a -450 points DOW future. Am I looking in the wrong place?
January 21, 2008 at 8:55 PM #140293bubble_contagionParticipantI was looking at the website below but I really don’t understand how these futures work. Is future tomorrow, 1 month?
http://sites3.barchart.com/pl/vsn/default.asp?code=XVSN§ion=indices
January 21, 2008 at 8:55 PM #140507bubble_contagionParticipantI was looking at the website below but I really don’t understand how these futures work. Is future tomorrow, 1 month?
http://sites3.barchart.com/pl/vsn/default.asp?code=XVSN§ion=indices
January 21, 2008 at 8:55 PM #140530bubble_contagionParticipantI was looking at the website below but I really don’t understand how these futures work. Is future tomorrow, 1 month?
http://sites3.barchart.com/pl/vsn/default.asp?code=XVSN§ion=indices
January 21, 2008 at 8:55 PM #140557bubble_contagionParticipantI was looking at the website below but I really don’t understand how these futures work. Is future tomorrow, 1 month?
http://sites3.barchart.com/pl/vsn/default.asp?code=XVSN§ion=indices
January 21, 2008 at 8:55 PM #140605bubble_contagionParticipantI was looking at the website below but I really don’t understand how these futures work. Is future tomorrow, 1 month?
http://sites3.barchart.com/pl/vsn/default.asp?code=XVSN§ion=indices
January 21, 2008 at 9:00 PM #140303daveljParticipantThe S&P futures are currently pointing to a 62 point drop around the opening, or a 4.7% decline. Now things could change before the opening. But, here’s something to keep in mind. Prior to whatever happens tomorrow, the S&P is down 9.7% so far in January, and down 6.7% in the last 6 trading sessions. These are off-the-charts outliers for any period, much less the January of an election year. So, you’ve had a bunch of quants at the big hedge funds sitting back saying, “We’ve gotta get long because what we’ve seen so far this year is EXTREMELY unlikely from a statistical standpoint, so we’re due for a HUGE bounce.” And of course it’s leveraged money. So if that bounce doesn’t materialize tomorrow, and in fact we get a wipeout, I predict continued problems for the rest of the week as the hedge funds have to unwind these poorly timed long positions to meet margin calls. Selling will beget selling.
Again, maybe Uncle Ben will show up with treats for the children. But if he doesn’t… look out below.
January 21, 2008 at 9:00 PM #140517daveljParticipantThe S&P futures are currently pointing to a 62 point drop around the opening, or a 4.7% decline. Now things could change before the opening. But, here’s something to keep in mind. Prior to whatever happens tomorrow, the S&P is down 9.7% so far in January, and down 6.7% in the last 6 trading sessions. These are off-the-charts outliers for any period, much less the January of an election year. So, you’ve had a bunch of quants at the big hedge funds sitting back saying, “We’ve gotta get long because what we’ve seen so far this year is EXTREMELY unlikely from a statistical standpoint, so we’re due for a HUGE bounce.” And of course it’s leveraged money. So if that bounce doesn’t materialize tomorrow, and in fact we get a wipeout, I predict continued problems for the rest of the week as the hedge funds have to unwind these poorly timed long positions to meet margin calls. Selling will beget selling.
Again, maybe Uncle Ben will show up with treats for the children. But if he doesn’t… look out below.
January 21, 2008 at 9:00 PM #140540daveljParticipantThe S&P futures are currently pointing to a 62 point drop around the opening, or a 4.7% decline. Now things could change before the opening. But, here’s something to keep in mind. Prior to whatever happens tomorrow, the S&P is down 9.7% so far in January, and down 6.7% in the last 6 trading sessions. These are off-the-charts outliers for any period, much less the January of an election year. So, you’ve had a bunch of quants at the big hedge funds sitting back saying, “We’ve gotta get long because what we’ve seen so far this year is EXTREMELY unlikely from a statistical standpoint, so we’re due for a HUGE bounce.” And of course it’s leveraged money. So if that bounce doesn’t materialize tomorrow, and in fact we get a wipeout, I predict continued problems for the rest of the week as the hedge funds have to unwind these poorly timed long positions to meet margin calls. Selling will beget selling.
Again, maybe Uncle Ben will show up with treats for the children. But if he doesn’t… look out below.
January 21, 2008 at 9:00 PM #140567daveljParticipantThe S&P futures are currently pointing to a 62 point drop around the opening, or a 4.7% decline. Now things could change before the opening. But, here’s something to keep in mind. Prior to whatever happens tomorrow, the S&P is down 9.7% so far in January, and down 6.7% in the last 6 trading sessions. These are off-the-charts outliers for any period, much less the January of an election year. So, you’ve had a bunch of quants at the big hedge funds sitting back saying, “We’ve gotta get long because what we’ve seen so far this year is EXTREMELY unlikely from a statistical standpoint, so we’re due for a HUGE bounce.” And of course it’s leveraged money. So if that bounce doesn’t materialize tomorrow, and in fact we get a wipeout, I predict continued problems for the rest of the week as the hedge funds have to unwind these poorly timed long positions to meet margin calls. Selling will beget selling.
Again, maybe Uncle Ben will show up with treats for the children. But if he doesn’t… look out below.
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