Another 300 point drop today.

Discussion in 'Trading' started by KINGOFSHORTS, Sep 5, 2008.

  1. Hedgefunds unloading, premarket showing lots of stuff getting dumped on the market. Market Spooked first by Palin now McCain and 6.1% unemployment, MER downgrade.

    Dow 10800-10900
  2. why isn't crude getting crushed if hedge funds are unloading? i would have expected a broad sell off...
  3. HPT


    u gon'um jinxed it now :cool:
  4. just21


    If interest rates are cut, it is bearish for the dollar and bullish for commodities.
  5. Daal


    take a look at the BRICs, they are being decimated. russia is plunging. funny how we heard during 07 so much about global growth and every 2% drop in the SP people would go on bloomberg and say the selling was 'overdone'
  6. exactly. now when can we officially declare decoupling a myth?
  7. i thought the numbers were right around what they were expecting this morning. in other words, it was not a statistical decline.
  8. looks like 10600,10200,then 9700 are support areas
  9. monthly chart
  10. [​IMG]
    #10     Sep 5, 2008