Welcome to BLACK MONDAY (formerly Predict the Monday Markets)

[HawkMD]

I would not be a buyer for a month or two. Two much volatility right now.

 

[ottumwan in tx]

the people selling off are racist and they are just doing it to harm barak because of their hatred towards him.

 

[BondHawk]

I'll say 3-1 odds we finish up on the day.

 

[markfromj]

I'll say 3-1 odds we finish up on the day.

Are you saying 75% chance we end up? Not sure what 3-1 means in this case.

 

[BondHawk]

Are you saying 75% chance we end up? Not sure what 3-1 means in this case.

3-1 would mean 25% chance we finish on the plus side for the day, but either way I'm just throwing out numbers in the hope that someone will become enraged and lose their mind on here.

 

[iCRUNCH]

i switched over to all bonds, after taking a beating the last few days. hopefully I switch back over to stocks at the right time to ride the wave back up.

 

[markfromj]

3-1 would mean 25% chance we finish on the plus side for the day, but either way I'm just throwing out numbers in the hope that someone will become enraged and lose their mind on here.

I was asking because I think we will end up for the day. I feel about 60% chance of this.

 

[dgordo]

i went long the vix last week purely as a hedge, seems like a nice move.

 

[Funky Bunch]

I was asking because I think we will end up for the day. I feel about 60% chance of this.

 

[St. Louis Hawk]

Four words for you. Frozen Orange Juice Futures.

Sounds to me like you guys a couple bookies.

 

[Chewback]

This what happens when central banks are ran by people that believe in Keynesian economics.

Oh crap. This is what happens when optimists riding a bubble think it will grow forever.

 

[2bagger22]

 

[BondHawk]

I was asking because I think we will end up for the day. I feel about 60% chance of this.

Might be in positive territory by the time I post this, now thinking it is about 3:1 we finish up 200+.

 

[22*43*51]

Somebody made a ton of money today.

I hear it all hinged on the Orange Crop report...

 

[Funky Bunch]

Somebody made a ton of money today.

I hear it all hinged on the Orange Crop report...

Yeah, I bet a lot of people got some limit orders filled that they weren't expecting to happen

 

[ChrisVarick]

China's Plunge Protection Team sucks. USA! USA!

 

[markfromj]

Yeah, I bet a lot of people got some limit orders filled that they weren't expecting to happen

I expected mine to be filled, but not at $169....that was sweet. 1000 point drop in the DJIA at open was a godsend!

 

[markfromj]

I was asking because I think we will end up for the day. I feel about 60% chance of this.

Or not.

 

[MitchL]

At least the far right will have some talking point besides HRC for tonite. Likely for only a day, tho.

 

[Capital1Hawk]

What a swing, went from deep red to light green to Scarlett red. Well guess that new mastercraft and Porsche can wait another year. Time to throw gas on the fire.

 

[Bob Pelini_]

Per Gary037 people are worried needlessly. Anyone who jumped out of a window in 1929 was a fool, they just needed to ride it out and buy more.

 

[lucas80]

Per Gary037 people are worried needlessly. Anyone who jumped out of a window in 1929 was a fool, they just needed to ride it out and buy more.

Slight differences between 1929 and yesterday. The US economy and the individual investors portfolio is much more diversified. A fool did bail yesterday. An older person near retirement, or already retired has a blend of investments designed to handle a drop. A somewhat young person like me is two decades from retiring, and, I have a blend of investments. Going down yesterday didn't cause me the slightest bit of concern. After such a sustained rise you need a correction. Otherwise there is no risk in the markets.
And, the underlying economy today is so much different than 1929 it's laughable to compare the two. Unless you have Montgomery Burns portfolio an era of sustained (Even slow growth counts), very low energy prices, and easy access to cheap credit don't equal 1929.