Wow looks like all this "Default" talk is bringing down the big bear hammer. Get ready for a Monday Meltdown.
ES is only down 10. It's like every other Monday since 2008. Anyway, I am contemplating leaving EliteTrader forever. I'll make an official post in a bit.
Im bearish as usual on these markets but to to write a headline like that will only bring the markets back up, I have seen this time and time again on here when everyone starts to say things such as that only to see the market rally 3% in 2 days. If anything I think the market could be down again tomorrow but I do feel a bounce coming sooner than later. 2% drops in the market are meant to be bought, NOT sold! And huge rallies are meant to be sold and not bought! S&P FUT 1143.00 -9.30 -0.81% DOW FUT 10859.00 -90.00 -0.82% NAS FUT 2150.75 -13.50 -0.62% OIL 86.37 -0.87 -1.00%