09/15/2008 16:04 *DJ S&P 500 Ends Down 57 At 1195; Biggest Pt Drop Since April 2000 09/15/2008 16:04 *DJ S&P 500 Ends Down 57 (4.5%) At 1195; Lowest Close Since Oct '05 09/15/2008 16:04 *DJ S&P 500 Ends Down 57; Biggest Percentage Drop Since Sept 01 Globex, maybe soon after Dax open, if it has a capitulation selloff could be a good buy at the mentioned levels also a 2nd gap PPT NEWS JUST IN 09/15/2008 16:18 *DJ Bush To Be Briefed By Financial Markets Working Group Tuesday
Regal is phenomenal. LOL. I'm still wondering what he did with that 1270+ long from last week. OldTrader
well the fed just told LEH FU then they told AIG FU so there is a chance they also tell the rate cut crowd FU who knows I guess. I just know I don't think I have seen an open to close like this in ages.....
Honestly... capitulation? bottom? The daily charts don't look nearly as impressive as the headlines screaming biggest selloff in 7yrs. The PA today was nice and orderly, range not that huge compared to those couple days in Jan.
Usually i dont listen to analysts much less cnbc, but this lady had me, because it just sounded so logical. Got in after hours at 1195 thinking there has to be a bounce above 1200 on first breakdown, got out at 1194 after watching the video. Just not worth it, holding cash. When everyone is scared, it's time to buy? So who are the heroes buying right now. http://www.cnbc.com/id/26724718
I wonder how long before someone "gets" to her. Either gov "telling her" to change her tune or someone on WS. Pretty gutsy and very right/smart lady, I wouldn't want to be the one to screen her mail/calls though.