865 point swing on the dow

Haven't had this much fun in years. Kind of day when you get home and your spouse asks if you were busy

 

Do you know what happend?

 

Stocks Stabilize in Volatile Session After Record Surge

https://www.wsj.com/articles/stocks-slide-after-record-surge-11545889351?mod=hp_lead_pos1

 

the only news item that I can find is 985 companies getting exemptions from Chinese tarrifs.

 

@sle, was that you, pushing up the market??!!!

 

%%
Its a shame they + so many in media said ''worst ever ever week ''[DEC] NOT @ all, plenty of worse weeks, even on DOW i counted more than 7, by %. [2014 Hirsch Almanac].Points dont mean much when comparing 1907-1929-1987-2018. But good scare tactic ,pretending this is worst than 1930's or worst week ever.
I take the WSJ ;good candlecharts.

 

link?

 

Interesting comment by Drukenmiller where he says if you have algos that go off 3 standard deviations, and everyone is running those algos, then it's difficult for markets to tank as they should or rise as they should.

So it was probable @sle

 

One of the best swings was on 5 Feb 2018.
it swinged down 1800 points.

many traders went home happily.