a mediocre news day and a down day. what's important is where the market closed... than that it was down... imo.
Yes sorry about that chaps, I gave my broker strict instructions to sell quietly ... to cut a long story short, I fired the fucker.
If you don't know why we tanked today, you should not be trading whatsoever ! And you don't need a tv to figure out what the cause was.
Yeah I agree I started a stupid thread but so what. I was being a bit sarcastic- nothing seems to take the market down lately. I wasn't trading today and TV down so decided to get all my market insight here LOL.
FUTURES ARE JAMMED HIGHER!!!! Who would have thought DJIA INDEX 10,603.00 40.00 10,554.00 10,605.00 10,548.00 01/18 S&P 500 1,136.90 4.60 1,132.00 1,137.10 1,129.50 01/18 NASDAQ 100 1,874.00 11.75 1,862.00 1,874.50 1,860.25 01/18
All bulls who cried on friday about why the market was down 100 points is finding out today that there is no risk when buying a 10 point pull back or a 100 point drop.
since we had an options expiry on Friday it would make sense to have a pullback some time this wk so portfolio's can be adjusted. goes to show you the news really has no value. with GS reporting on Thursday (since the news is out to wall st) they will try and push us long until the public gets the news. 15 month high again with no pull back, crazy.
Bloomberg has an interesting interview going on right now talking about how they cannot find who is buying and that the majority of the trading is in the futures over night and not actually the stocks. I remember trading in the fall when the nq and es where down and the futures were up and I couldn't believe it. seems the US Government is the buyer and the dollars that are unexplainable are in the trillions (I believe they said) no sure if not high Billions. they have been giving all the reasons to pullback but they believe Obama has no exit plan in place since he said buy in March of last year.