The "up-to-the-minute Market Data" thread

reply to post by stander


Even if it does go up it is not going to recoup these kinds of loses.

DOW -207 11:54 am Pacific

S & P projected to close at lowest level since '97.
There's the floor. Let's see if it breaks.

AIG is set to report the largest corporate loss in history - a $60 Billion loss in ONE QUARTER (3 months)!!!!

Last support level left... 10/28/1997 pin low at 6971

If we break that - look out below

reply to post by redhatty


Only 200 above that...it's gonna get dicey here folks...

reply to post by redhatty


Jesus $60 billion! Why are we still pulling the strings on this corpse?
Madness I tell you MADNESS!

reply to post by stander



Nerves of steel. Respect.

Don't want to hurt your feelin's & all that. But 'you ever seen a triangle more like this?

▲

@ 3:24 pm est DJIA -237.75

As per a very respected source DOW will definately close under 7000 today.

Alright boys we are approaching 10% in less than one week it's here... get ready.

reply to post by Hx3_1963


We may wind up reaching the '97 floor for the DOW. S & P is likely to get there by or before close.

Dow -224.

reply to post by xoxo stacie


and as the numbers get smaller the percentage moves get larger...

reply to post by elston


Whose the source? Or is it protected?

Forgot to mention, my above post is reference to yet another long email I saw on my customers desk as per a previous post.

S&P is riding the 745 support level right now - futures will continue to trade after the market closes.

A very FUGLY day for traders

Yikes...One 1/2 hours left today!

The snapshot no one wants to see

INVESTORS SEEKING AN ENTRY POINT IN THIS HORRENDOUS stock-market slide are faced with two inevitable but contradictory truths. In the long run, we'll surely see higher prices. But as John Maynard Keynes said, in the long run we are all dead.

Get ready to buy.

(illuminati only)

I know it's not funny. (And I'm not laughing!) But you know what they say: many a true word...

This is not fun anymore.

I'm sitting on my hands, afraid to trade - don't want to get scroomed and have to face margin calls.

When is the next Treasury Auction - you know the one we hope China will buy to finance the Stimulus?

Here It Comes...

We could conceivably undercut the closing lows from 02 and bounce, but the odds do not favor this. Instead, the odds favor massive forced selling showing up at that point.

We are severely oversold on virtually all indicators.

This has both a good and bad side.

The good side is that it is a coiled spring and can produce a hell of a bounce in the market if something is done that imparts confidence.

The bad side is that from severe, deeply oversold conditions you also get crashes. If what little confidence is left disappears for any reason, so will the floor. It could be literally something as simple as one imprudent sentence out of a lawmaker or Administration Official's mouth.

On the internals I do not see the sort of protection buying (PUTs) that would cushion a fall. This is especially true in the Nasdaq 100 today, where people are actually buying calls into this decline.

The paradox of this situation is that if a waterfall decline begins there is nothing to stop it, because investors who hold stocks long have bought little protection against it - all they can do is sell, which further stokes the decline itself. (If you hold a PUT you are protected against any decline below the strike.)

There are also indications that Europe is in extremely serious trouble; the Pound in particular is deteriorating this afternoon. I have no news on the wire beyond what was known last night to explain that move, but its big - nearly two full cents, or about 1-1/2%, in the last six hours.

I'll go over this in more detail this afternoon on the BlogTalkRadio show at 3:30 Central this afternoon; tune in.....

In the meantime you may want some better protection than that umbrella above.

reply to post by redhatty


Fugly with a capital F man.. I did not even look at the markets today, I was surprised to see a steep fall..

But with the Socialist Obama in office and his desire to Nationalize banks even further and AIG .. god, I cannot get over AIG's loss.. $60billion in just 3 months?? .. I would love to see how they lost that money..

reply to post by redhatty


China may yet not buy. They are looking at having to finance a stimulus that is MUCH bigger than ours. Ideally they could do both, they save more than anyone else on Earth right now. But that doesn't mean it'll last and the Chinese HAVE TO KNOW that they can't afford our debt.