how far could the market go down?

I guess 2500 will be the next target.

 

You should only be worried if you have investments or working for a company impacted by the same reasons sending the market down.

wrbtrader

 

• Current S&P earnings are $133.53.
• Historic average pe is ~15.
• earnings * PE-multiple = _____________

However ("...on the other hand..."), the W.H.O. head just remarked that markets should get a grip -- a helluva sign that markets will be up on Monday.
https://www.cnbc.com/2020/03/01/who...reality.html?__source=newsletter|breakingnews

 

Nah, that China data on Friday is really, really bad. Look for more down.

 

Where do you get this earnings info. I'm retarded and can't find it

 

“You need a lot of cash and very little debt to navigate what’s ahead, because markets will start freezing up even if the Fed cuts rates"
https://www.cnbc.com/2020/02/27/mar...tes-el-erian-says.html?recirc=taboolainternal

 

Wouldn't surprise me if fed cuts rates before the 6 pm open. Once were down 20-25% it defeats the purpose as the damage is done and people are already so negative . That said any rip from here is a great shorting opp

 

How far??? fear is many times stronger than greed and markets always drop faster than they rise so with fear running rampant due the media talking coronavirus everywhere and everyday the drop will be continous...I wouldn't even bother looking at support and resistance levels, once they start shutting down travel and keeping people indoors here in the US markets will collapse so fast they will probably halt them, probably shut them down, the fed wont be able to stabilize this market this time and with a shift in market psychology money will not be coming into this market anytime soon. People would rather get 1.5% in CDs than risk this market environment going forward. So how far can it drop is anyone's guess, but get ready for wild rides and get ready to sell any skyrocketing rallies because they will not last.

 

So here is the problem. I believe many many people have an idea that central bankers tonight will have an emergency meeting to at least comfort the market in the short term. Iffff iffff this doesnt happen tonight the futures will take a very steep dive and will be looking for at least a 4-5% decline tomorrow. maybe the fed will wait to see the futures market open and make a decision then but if they dont cut tonight like some were talking about the markets will take a dive tomorrow once again.

 

True but lock limit down (5%in overnight trade) only puts us at the lows of Friday (2850 ish ) due to the crazy ramp in the last 30 mins . If we lock overnight I’ll be a heavy buyer . Every single overnight lock down has been a great buying opp for a trade