Semiconductor sector is in super bubble. INTL recently warned and market did not pay any attention. Specifically check ADI. It can easily go down to $52. Russel 2000 should crack soon. Hugely overvalued.
Since October, there have been 6 mini-corrections that were worse than this one (at least so far). Calm down.
Many traders have gone long in the hope of a rebound by the end of the day. If that does not materialize, they will sell at loss as they don't want or cannot keep the position overnight which will lead to a big drop 15 minutes to close.
What a day....as I have been saying keep watch of the vix ...volatility this year is going to be insane compared to the last few years. Once downward momentum picks up the vix is going to surge to multi year highs..... Aside from that I was surprised to see absolutely zero buying into the close.... Im just trying to ignore the potential gains I could have had the last 2 days if I held on...especially SOXS and SPXS which both skyrocketed today....close to a $1,000 missed in only hours... will be going short around market highs again in the next week....as volatile as these markets are they could be up 187 points tomorrow and down 228 on Friday....but in reality you have to just embrace and cheer this volatility ...best thing for this market. Hope to see the vix surging soon to the 20s and up into the 30s and 40s....tomorrow should be even more fun....
Relax, this drop only move the market to the "mean", it will be perfect if it can go down to ~2000 and then time to go long with BTFD.
Oh, no. We've had 3 down days in a row. This must mean we're entering a 20-year bear market. Pull out of stocks completely until the S&P 500 hits 300. Ask hajimow if you have any questions.
Don't be shy, you can ask. Check out what I said 4 hours before market close when DOW was down 170 There will be a big rush to the cash register by the market close. DOW will drop 300 today. My prediction for AAPL was that it will close 124 by the Friday. MCD, IWM, ADI are big shorts. I also like shorting LL as their business seems dead now. And DOW dropped exactly 300 points.