Anyone know why the selloff at 3pm?

Discussion in 'Trading' started by sammybea, May 21, 2007.

  1. stktrdr

    stktrdr

    The numbers have NOTHING to do with it.
     
    #31     May 23, 2007
  2. stktrdr

    stktrdr

    hmmmm....if we don't bounce soo this could get nasty...
     
    #32     May 23, 2007
  3. Yes they do even if it isnt obvious. The markets tend to be efficient which means that events are discounted before they happen.
     
    #33     May 23, 2007
  4. stktrdr

    stktrdr


    bwahahahahahaha......
     
    #34     May 23, 2007
  5. Gogo Greenspan!!!!! :D
     
    #35     May 23, 2007
  6. EPrado

    EPrado

    Apparently Greenspan was saying the Chinese mkt is due for a huge sell off. WHy anyone still listens to him is beyond me.
     
    #36     May 23, 2007
  7. Hmm thanks

    Yea it is amazing how he is still able to move the markets
     
    #37     May 23, 2007
  8. Persian Gulf tensions + Alan G warning on China + 5% yield on 30 year = No Chance for rate reduction from fed- one of the main drivers of this rally leg. + Earnings 90% over (other leg) + Big Durable goods forward looking number tomorrow could be bad since durable goods go into new houses = selloff this afternoon. + high price of gas = little consumer spending. Cascade sell off tomorrow, recovery friday and a very ominous tuesday opening after Shanghai experience's a Memorial Day Massacre.... never dull in the world of stocks!
     
    #38     May 23, 2007
  9. The Shanghai is going to implode.

    If I could short it, I'd risk much on that bet.
     
    #39     May 23, 2007
  10. stktrdr

    stktrdr

    It's not so much about the Chinese mkt "imploding" it will be more about the inept response of the Chinese authorities...

    That's where the instability will come from.
     
    #40     May 23, 2007