EqtTrdr, So true. And even spoken when we are still in a historically low three week range (as of 12:12 EST anyway). I have a feeling there are going to be a lot of margin calls coming up sometime this year
Yeah would you want to run a quant HFT reversion program,when an S&P sell program kicked in early today. Think not. Clear sailing to test support.
what do you use to guage volatility? please don't say the vix, cause the s&p will not crash 200 pts....
Relax folks, it's time to buy more stocks. We live in a great country with a wonderful economy.. FOREVER LONG !!
I think the S&P put in a short-mid term top today if we don't get a bullish close. If we close at the lows that's bad news for the bull market at least for the next several days and weeks.
I edited my post I ment a 20 point move off the highs. I was just exagerating about the crash thing its just that you get used to less than 10 point ranges and then you get a 20 point range and that's very significant. I wonder how Franz is doing today.
we will not close at the lows, and that is a poor guage of bias - especially on a friday.(many don't hold over the weekend.) luckily, my crystal ball has told me a large buyer is moving into the market as we speak.
10 year has almost a 5 handle and only looks to be climbing. Many reasons to head to the sidelines right now and sit this one out. I'm getting over 4% in a money market right now and don't even have to lock in for any length of time. The Fed. doesn't even look like they're going to announce taking a breather any time soon either. Today's jobs data isn't really making a strong case for a moderating economy as well. Remember, the Fed USUALLY overdoes it and can easily spur recessions. Adjust accordingly for the time being. There will be good opportunities in the months ahead.
don't worry bernake a deflation hawk so if we drop another 10 points in the S&P he'll make a suprise rate cut...guaranteed
The S&P is where it was at the open on Tuesday, and it'll probably be flat for the week. No meltdown (and I'm somebody who likes crashes - most of my trades are long SPY puts). Today was just an excuse for people to take some profits off the table.