Dow Crashes 1175 Points, Biggest Points Loss Ever

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  • #14838
    KnovaWave
    Participant

    After Crashing 666 points Friday the Dow Jones…

    [article]559[/article]

    #14839
    Assistanc3
    Participant

    oops
    forgot to have the buy stocks algo set this morning

    #14847

    [color=navy][size=5]Good morning and re-sharing post of some thoughts from weekly thread

    Futures were GREEN just a few minutes ago, but FUTURES fallen to minus 250 … it is CAT-and-MOUSE in the Futures PITs :woohoo:

    Some interesting Reasons for plunge heard over past few days:

    1. GREENSPAN — he noted that there are TWO bubbles (Stocks & Bonds both) — but what does he know – lol 🙂

    2. During 8 years of #44 we lived in an era of CHEAP MONEY backed up artificially with ZIRP …

    3. NEW FOMC leadership — The switch from Janet to “Jerry” is gonna be PAINFUL but eventually better long term … the days of EZ money is coming to end

    4. It;s all #45’s fault 😉 🙂 … LOL – certainly FAKE news is happy to report

    5. FEAR creates PANIC and OVER SELLING — Mitch S. noted a 30% to 50% possible correction as we have been overdue for a bear market correction for years ….

    6. I’m definitely not that BEARISH — but I’m more in camp of seeing P/Es being around 14 to be truely balanced price-wise (at least that’s what we learned in ECON 101 in college – lol) … we are more in low 20s[/size][/color]

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