Black Monday - August 9 2010

Discussion in 'Trading' started by bond_trad3r, Jul 31, 2010.

  1. -1.5% so far midday....

    my personal bias is that we stay at this level into EOD but one never knows given the bad karma for Aug 09...
     
    #11     Aug 6, 2010
  2. Almo99

    Almo99

    What's so special about August 9, 2010?
     
    #12     Aug 6, 2010
  3. see the calendar above
     
    #13     Aug 6, 2010
  4. S2007S

    S2007S

    The day the markets fall quicker than they did in OCT 1987 will be a day no one is expecting, thinking that its going to come on this day or that day is pretty much a worthless guess. No one saw May 6th, 2010 coming, caught millions of people by surprise.
     
    #14     Aug 6, 2010
  5. ptrjon

    ptrjon

    my bet is the market will be up .5%. Just another day to forget...
     
    #15     Aug 6, 2010
  6. jax88

    jax88

    You better change it to Tuesday. Monday will be more accumulation.
     
    #16     Aug 6, 2010
  7. NoDoji

    NoDoji

    Actually, Pete Stolcers (options blogger) saw the move coming, but he thought it would be in June or possibly July. He kept warning in his blog that the PIIGS (Portugal, Ireland, Italy, Greece, Spain) were in dire straits and once the reality of the situation spooked the market, the sell off would be swift and sustained (it was both, first swift, then sustained off the bounce to reach new 2010 lows). He recommended well in advance of the May crash to have orders for put options prepared in advance, triggered as soon as SPY breached $118.
     
    #17     Aug 6, 2010
  8. SunTrader

    SunTrader

    So how come when I goggle this to readup on it numerous links say Aug 12th?

    But I'm sure all those birthdays are correct. :confused:

    So that and the fact the bomb was dropped twice around this date ......... doesn't mean all that much to me.
     
    #18     Aug 6, 2010
  9. Shortie, I believe you :D
     
    #19     Aug 8, 2010
  10. Ho-hum.
     
    #20     Aug 9, 2010