yes i remember 2003 very well. but remember we vaulted vertical and huge off 7400 in march(i'm not even looking at a chart it's all off memory)but remember we were coming off 2 very bad years and sitting at multiyear lows. the vix low was around 12.50 which is also very low. i guess what i'm saying is 2003's run was a springboard off a hugely depressed market were this run was off a market that hasn't had a 10% closing dow correction in over 3 1/2 years so it feels much greater. i agree 100% one must way for a turn to say its over and right now the markets saying things are great. a trader is reactive to currecnt events not a predictor of what things will be. all this is for shits and giggles as what we think means zip
what portion or percent of tonights "spike" to gun the stops might be attempted tomm ? or was this the "top" for the yr ?
I remember that move MAV ... 7-8 figures were prob made and lost in a very short time frame by some fund (s )
If you think this had anything to do with congressional elections, you are an idiot and should give up now.
Come on man, ma and pa kettle don't give a f*ck where the SP is at. I challenge anyone in this country in the middle or lower class to even tell me where the sp 500 futures are at. I bet less then 5% of them could tell me. Tonight's blip was probably a fat finger, nothing more. Has nothing to do with the elections. I love the conspiracy theories though.
im sure no one cares where the s&p is trading but as for the elections i think some of this run has to do with it.
Maybe you ought to get together with the guy who thinks that Barack Obama's announcement that he is running for President caused tonight's spike. Work out your differences. Geezuz! OldTrader