S&P 500 drops 10% in six days, fastest correction in history

Here's hoping. Last week I was trying to figure out what I'd do with my non-trading portfolio once they crushed yields on everything to sub 2% levels.

 

I do not care. My algos trades all the time. This was just a thought.

 

/thread. Plus there was a very similar drop in Feb. 2018 with no apparent catalyst. And don't forget October 2008.

 

At this rate we could drop to 2000 on the S&P in a couple of weeks.
Im just joking i don't think it will go straight down that fast.

 

Point wise it's the biggest. Not percentage wise.

 

Point wise is irrelevant unless you're innumerate (i.e., mathematically illiterate).

 

And in 25 trading days the Dow will under 1000 at the rate its dropping

 

Before that ever happens, you can expect the PPT to step into high gear. Also helicopter Powell will be overanxious to crank up the QE engine. It's happened before. It will happen again.

 

Volatility is a dream, hopefully it stays like this for a few months but everyone knows the vix never stays above 30 or even 20 for long so we have to enjoy it while it lasts. Just added a bunch of longs in the extended hours. Even as bearish as I am I need to find this bounce. However very cautious on s$p losing all support below 2850 and beyond.

 

PPT should be here tomorrow and if not definitely early next week....too many retirement accounts losing tons of money.