Black Monday

The fact you compare your own financial situation to the US federal bank is ridiculous, but we all know these kind of ideas feed into your hysteria so you'll keep trotting them out. And quoting econ 101 suggests what we already knew, you are relatively uneducated with respect to finances and economics and what little you took ( eg a basic econ 101 course ) you didn't really understand anyways.

 

There is no panic sell-off in the market yet.

 

The CBOE Skew Index is making new lows. The NYSE Advance/Decline line is holding up.

Oil shook up what would have been a bounce from a steeper trend. Do you think the FED will scare the market?

 

Alas, you guys are right. I'm calling my Black Monday off, for now.

 

We are not right. Just another opinion that shouldn't matter a hill of beans.

However, we do appreciate you calling off black Monday. : )

 

Shouldn't be worse than 150pts or so on the NQ if we break below '00.

 

Oil just hit 52 weeks low of $43.95. We are officially in the danger zone for the market. Expect DOW to drop 300 points on Monday. Now it is up 4 points.

 

CL is currently 46.40, so I wouldn't panic just yet.

 

Check out the attachment. I took the snapshot at 6:38 PM ET on Sunday 3/15/2015.

 

Another snapshot just after 7 minutes. CL hits another 52 weeks low.