nasdaq has not once made any effort to rally since the bottom fell out on Friday afternoon!!!! down over 175 points in these last 2 days...
thats the low from August 24th, I think it touches that and drops below that by tomorrow morning, what happens after that is all a guessing game, will everyone jump in and start buying, who knows, what I think is that 1867 will be here tomorrow!
Wonder? They will, thats their "JOB" Im telling you, if the markets start to collapse there will be an EMERGENCY FED MEETING however it will do nothing to calm markets since the fed has no where to go, hahah I can't wait for their first emergency meeting that takes place, its going be just a worthless cause when it happens
Well, IMHO discounts are healthy, since 666 SPX rallied what over 200%, so even a 30% correction is good.
This is out of their hands now. The fed has tried to sound both dovish and hawkish but the market is not buying any of that, this thing just wants to go down now, nothing can stop it from doing that.
Get ready for cnbc's extra market coverage, should be happening tonight, if it doesn't and the markets fall another couple of hundred points tomorrow cnbc is going to have their aftermarket live emergency coverage where they interview all the talking heads about where to put your money, of course most of them are bullish and will say just keep buying the dips...