Whatever happened to the Zerohedge guy saying it only takes a few bucks to hammer the VIX and get back to VWAP or green before the close. How do you traders compare batshit moves from 2008 to the last few days?
These conspiracy theory based threads make for good quotes years down the line. Not sure how many years have to go by before these posters acknowledge they were wrong or simply not understanding something about economics and/or markets. Good thing about this thread is we'll know by October. If the poster has integrity and conviction he'll own up to whatever occurs at that time. Chances are he will because he's admitted he's misjudged US markets for 6 years already; the whole exercise can be a learning experience. Brings back memories of Grand_Super_Cycle who predicted a crash in 2012 that would be bigger then the 2008/2009 crash. Ended up being an extremely bullish year for US stocks. Grand_Super_Cycle had no integrity though, he was a con man, a complete fraud.
That's a scary thought, what is giving you this type of negative vibe? Was it almost fourteen years ago in September I turned on my computer at 6:00 and the Stock Market was frozen, being on the West Coast I envy that you don't have to wake up at 4:00 AM if you want to trade extra-extra Pre-market on ARCA. When I turned on that computer, I yelled to my ex, "I think something really bad has happened because the Market is doing nothing on the LL2 or any time-and-sales data was froze. Even with the $15 Billion USD given to the Airlines I knew they were going to implode. Did you catch on CNBC what they said about "MOC" Volume? CNBC's got a few sharp tacks, they noticed the freaky trades and thought the Market Makers or Flash Boxes might have screwed people over. Is there a software we can get that tells us "There is tremendous sell "Market-on-Close" volume and stacked orders waiting to be balanced on the Close? That's why the DJIA and QQQ tanked, the Specialists and Nasdaq-Amex MMs were trying to balance those huge orders coming in from Mutual Fund Redemptions! Why would the Mom and Pop investor be dumping his Mutual Fund during a 10+% off the highs of 18300? I hope we are all laughing at how much cash we made in November because I don't like seeing people get destroyed unless their Flash Boys or ECNs throwing spoof orders "BATY", and PHLX, those MMs that never seem to get hit and disappear as the Market is coming towards their orders!
Well the markets DID close on 9/11/2001. And on Monday the VIX opened higher than on 9/11/2001. And who knows, this could just be the beginning.
Don't post things like that. If it comes true for some 9/11 like events, you might go to jail and be questioned for a while.
I predict spy will trade in a 180-200 range for the next 4-6 months and then touch 151-152 after hitting the upper band of the first prediction
Mondays opening was something I have never seen on any kind of opening. Been trading since 1992. Even during 2008 on gap downs it was somewhat orderly. You had flushes but nothing like the move from the first limit down to the 2nd one. Something seemed very different. Also was very strange how Europe's open was much more orderly...they sold off rationally. Ours was disaster. Stocks printing down 20% then going right back up. It's funny how in the old days people bitched about specialists on the floor. Well I will tell you one thing, those guys kept things MUCH more orderly. Today people can get horrendous fills way away from where they should have been filled. These air pockets between trades in equities (and even in The ES on Monday) on crazy days are insane. As far as the moves intra-day the last few days..... similar to 2008 but not as crazy. 2008 was crazier as the vix was also at insane levels (mid 90's). But for traders these are ideal times to make great money.....these are the good times.