Job reports or something? I mean it's an excellent buying opportunity and I picked up some SPY at $129 this morning, I'm just curious why price dropped so much from yesterday.
Why not a gap down? 1250 and below by next week. I only day trade, so I won`t trade it, but I feel fairly confident that we`ll do, depending on where we close today of course.
probably because of this http://www.bloomberg.com/video/93803831-el-erian-global-leaders-are-losing-control.html
Here is a short course in how economics and the stock markets are tied together. Key economic indicators such as http://www.rightline.net/education/economic.html has always (for as long as I have been in the markets) affected the stock markets. The big three of these indicators are inflation, GDP and Labor http://www.discoveroptions.com/mixed/content/education/articles/bigthreeeconomicindicators.html These leading economic indicators to look at are: http://www.investopedia.com/articles/economics/08/leading-economic-indicators.asp
I thought about it. He asked "why?" as in "what is the cause?". The absence of an alternative is not a cause; it's merely a simultaneity.
Wow that sounds gloomy. I don't really ever watch the news, though. Was there a way to predict the gap down this morning? If so I would've liked to have been short with my entire account overnight rather than having to scale in like I do now.