Black Monday

Discussion in 'Trading' started by Trendytrader, Mar 3, 2007.

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  1. Psychology is driving the market now fundamentals don't count...
     
    #41     Mar 4, 2007
  2. dhpar

    dhpar

    short bonds offers better odds...
     
    #42     Mar 4, 2007
  3. You might be right.

    I wouldn't invest in long bonds.

    But no one knows. Japanese and Europeans think US economy is slowing sharply.
     
    #43     Mar 4, 2007
  4. dhpar

    dhpar

    depends on trading style but my take is that fundamentals ultimately always hunt you down.
     
    #44     Mar 4, 2007
  5. yes but nobody talks about is the market leads the economy. so the market tumbling here will show up in earnings and the economy the next few months. thats what bernanke must understand. just like in 2000 the market lead the economy down
     
    #45     Mar 4, 2007
  6. Nikkei down 2% 30 minutes into trading.
     
    #46     Mar 4, 2007
  7. GBP/JPY off 2% as well, over 4 handles, and breaking the 200-day SMA in the process..
     
    #47     Mar 4, 2007
  8. duard

    duard

    This may need revision to Range 1366-1380.

    We'll see.. As yet the selling is relentless...
     
    #48     Mar 4, 2007
  9. Contract Last Change
    CME E-mini S&P 500® 1379.50 -625
    CME E-mini NASDAQ-100® 1717.50 -875
     
    #49     Mar 4, 2007
  10. one reason might have been the ETF's that track the e minis traded higher After hours friday so perhaps there was some arbitrage going on here
     
    #50     Mar 4, 2007
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