They must be hoping that the zombie sheeple weren't paying attention at the open...What a circus act.
I think the damage is done. We are closing in on an election, what's the fed going to do, more QE near an election, isn't gonna happen, unless it happens in the next 5 months. They can secretly prop up the markets, which they all ready do. I think wall street is short the markets now and used the past 8 months to unwind. Remember every time we got near 17000 or 2000 in ES the fed would jaw bone the markets back up. Now there is no sign of them.
I didn't get auto liquidated at IB this AM. Does anyone know what time the auto-liquidation kicks in? It is never pre-market right?
Whatever sell offs we had in the past, they all provided a window of opportunity, no matter how that was supported by whoever.
http://www.cnbc.com/2015/08/24/rule-48-the-arcane-nyse-rule-to-tame-a-wild-market.html In a historic move, the New York Stock Exchange invoked the little-used Rule 48 to pre-empt panic selling at the stock market open on Monday. This followed a dramatic drop in pre-market open futures, with the Dow Jones Industrial Average futures falling more than 700 points. The goal of Rule 48 is to ensure orderly trading amid financial market turbulence. It's only used in the event that extremely high market volatility is likely to have a floor-wide impact on the ability of designated market makers (DMMs) to disseminate price indications before the bell. Unlike a circuit breaker that stops stock trading, Rule 48 makes it easier and faster to open the stock markets when there are fears that the market could open with a lot of volatility that would disrupt trading. Futures trading on Monday morning had the Dow Jones Industrial Average down by more than 700 points. Read MoreHow do market circuit breakers work? Rule 48 speeds up the opening by suspending the requirement that stock prices be announced at the market open. Those prices have to be approved by stock market floor managers before trading actually begins. Without that approval, stock trading can begin sooner. To invoke Rule 48, an exchange would have to determine that certain conditions exist that would cause market disruptions. Those conditions include: volatility during the previous day's trading session trading in foreign markets before the open substantial activity in the futures market before the open the volume of pre-opening indications of interest government announcements Rule 48 was approved by the Securities and Exchange Commission on Dec. 6, 2007 and has been rarely used. Rule 48 was invoked a few times in recent years, including on Tuesday, January 22, 2008 and on Thursday, May 20, 2010. In 2008, the stock markets were subject to great volatility over fears of a global recession and in 2010, the European debt crisis caused panic buying and selling. The rule was also invoked during the August-September 2011 time frame, when European debt crisis fears again roiled the markets, and in early 2015, when massive snowstorms swept across the U.S.
He thinks we break the opening lows of this morning going into the afternoon..... UH OHHHH Wharton's Siegel: We'll test, possibly break morning's lows Jacob Pramuk | @jacobpramuk 17 Mins Ago Stocks could test lows reached after a brutal market open Monday, but equities should burst through a summer slump in the coming months, longtime bull Jeremy Siegel said. "Once this storm passes, I think the fourth quarter could be very good," Siegel, a Wharton School finance professor, noted in a CNBC "Fast Money: Halftime Report" interview. After a brutal drop last week, the Dow Jones industrial average and Nasdaq traded in correction territory, more than 10 percent lower than their highs reached this year. The Dow briefly plunged nearly 1,100 points shortly after the market open before recovering. Read MoreDow down about 200 points, some tech names turn positive The S&P 500 also dipped 100 points in the morning. The index gained ground into the afternoon, trading about 1 percent lower around 1,950. Siegel noted that August and September typically yield choppy trading and may not provide the best gauge for market health. Earlier this month, he predicted a potential correction and said trading could turn "very rough." The noted bull took a less optimistic tone on a previous call that the Dow could reach 20,000 this year. However, he contended the index, which has fallen nearly 9 percent this year, could still turn positive by the end of 2015. "I still think we're going to be up for the year, and 19,000 is not at all impossible," Siegel added. Read MorePotential correction could be 'very rough': Siegel But not all traditional bulls remained as optimistic. Piper Jaffray on Monday cut its S&P price target from an optimistic 2,350 down to 2,135. "We no longer believe the odds are in our favor for the S&P 500 to reach our prior target of 2,350 by year end, since history shows that recoveries from pullbacks/corrections have generally taken about two to four months to materialize," Craig Johnson, technical market strategist, said in a note.
Now do you see what I mean that markets aren't allowed to go down, only up....It got so bad that even the president of the US OF A was briefed on What was happening in the markets, that tells you right there just how serious this is and that they will do anything possible from this becoming a 1987 or 1929 collapse. I have to say it might be a little too late for that, they can try everything and anything, this market is done.....how much gains do you want? the markets were up over 200% in 6 years, how much more greedier can you possibly get..... White House: Obama briefed on markets, mindful of potential 'self-inflicted' wounds Jacob Pramuk | @jacobpramuk 27 Mins AgoCNBC.com U.S. President Barack Obama has been briefed on Monday's choppy global market movement, and the Treasury Department continues to monitor developments worldwide, the White House said. Press Secretary Josh Earnest downplayed concerns about economic fundamentals, noting that long-term economic trends show a strength in the U.S. He contended that it stands on much more solid ground than in 2008 in the wake of the financial crisis, and the White House has looked out for any "self-inflicted" economic wounds. The Dow Jones industrial average briefly shed more than 1,000 points after the market open, with the S&P 500 and Nasdaq sustaining huge losses, as well. But the averages recovered throughout the day, as the Dow gained back about 900 points in a record intraday swing. Read MoreSearching for strength in the market? Look no more It followed broader selling in Asia and in Europe as China's slowing growth spooks global investors. The Dow and Nasdaq traded in correction territory, down more than 10 percent from their highs this year. U.S. officials want China to implement more financial reforms, like moving toward a more market-determined exchange rate for its currency. "They should continue to pursue financial reform to increase exchange rate flexibility and to move rapidly toward a more market determined exchange rate system," Earnest said.