500+ Point Drop By Close

PPT kicked in

Were saved!!!

 

uh huh. Long C - but with calls so I can at least control my risk.

 

Why the hell would they cut on Monday when they are meeting on Tuesday? Only if the Dow was down 1000, then they might cut Monday.

 

This imaginary recession is so painful. Dow down a whole 140 points. Make it stop.

 

Oh the panic!

 

Oh panic might come. This correction after the run-up looks more like a sell-off.

 

Fed will slash 75 next week. Expect another rally, even though 75 point cut is anticipated.

 

dow down 213, and its a almost a 400pts run from the high to low of session.

imaginary recession sure hits like a real one.

 

Good job PPT.

But we'll see you on Monday, won't we?

 

Great call. As you can see, there is a lot of nibbling on the long side at these low, low levels.
Fierce support at Dow 11800 I would say.
Also, the fact that Bear stayed near 30 was pretty impressive.
Monday of course could be a whole different story.