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Dow 9500 ... Where we go from here...

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At the rate prices are falling that $700 billion is going to be worth something when the Treasury gets around to buying.
 
I bet if someone walked onto the floor of the exchange right now and screamed "BOOGERS BOOGERS BOOGERS" the DOW would drop 200 points in response.
 
Well according to this it says the market believes that the G7 is going to re-write int'l commerce rules. Could be based on this quote of Berlusconi that world markets may close to fix this.
 
Originally posted by: BigDH01
Originally posted by: frostedflakes
Why did it jump up 600 points?
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Short squeeze.
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Almost certainly not a short squeeze, just a lot of day traders who went short today taking their profits. It takes a special kind of nerve (or stupidity, in my case) to leave your $$ in stocks over night, or especially over the weekend-when the fed usually grabs failing banks.
 
Originally posted by: Thump553
Originally posted by: BigDH01
Originally posted by: frostedflakes
Why did it jump up 600 points?
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Short squeeze.
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Almost certainly not a short squeeze, just a lot of day traders who went short today taking their profits. It takes a special kind of nerve (or stupidity, in my case) to leave your $$ in stocks over night, or especially over the weekend-when the fed usually grabs failing banks.
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Like I said, short squeeze 😉.
 
Originally posted by: BigDH01
Like I said, short squeeze 😉.
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Why would it be a short squeeze in a down market??

In finance, a short squeeze is a rapid increase in the price of a stock that occurs when there is a lack of supply and an excess of demand for the stock.

Short squeezes result when short sellers cover their positions on a stock. This can occur if the price has risen to a point where these people simply decide to cut their losses and get out. (This may happen in an automated manner if the short sellers had previously placed stop-loss orders with their brokers to prepare for this eventuality.) Since covering their positions involves buying shares, the short squeeze causes an ever further rise in the stock's price, which in turn may trigger additional covering.
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Why would someone who was short be covering their 'losses' when the market is down several hundred points? You have no idea what you are talking about.
 
Originally posted by: Dissipate
Originally posted by: BigDH01
Like I said, short squeeze 😉.
Click to expand...

Why would it be a short squeeze in a down market??

In finance, a short squeeze is a rapid increase in the price of a stock that occurs when there is a lack of supply and an excess of demand for the stock.

Short squeezes result when short sellers cover their positions on a stock. This can occur if the price has risen to a point where these people simply decide to cut their losses and get out. (This may happen in an automated manner if the short sellers had previously placed stop-loss orders with their brokers to prepare for this eventuality.) Since covering their positions involves buying shares, the short squeeze causes an ever further rise in the stock's price, which in turn may trigger additional covering.
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Text

Why would someone who was short be covering their 'losses' when the market is down several hundred points? You have no idea what you are talking about.
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I was going to give you a couple of minutes to retract this, before you eat your words, but short squeezes can still happen when the market ends up down. There was a huge rally late in the day because people who were short were taking their profits. As the market started to rally, other short sellers got nervous and liquidated their positions. This created a low supply of stocks (hence the squeeze) hence increasing their value. Overall, it ended up being over a 600 point rally in a very short time. It doesn't matter that the market ended up down overall.

In short, you have no idea what you are talking about 😉.
 
Originally posted by: BigDH01
I was going to give you a couple of minutes to retract this, before you eat your words, but short squeezes can still happen when the market ends up down. There was a huge rally late in the day because people who were short were taking their profits. As the market started to rally, other short sellers got nervous and liquidated their positions. This created a low supply of stocks (hence the squeeze) hence increasing their value. Overall, it ended up being over a 600 point rally in a very short time. It doesn't matter that the market ended up down overall.

In short, you have no idea what you are talking about 😉.
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They were taking profits so obviously stop loss orders weren't kicking in. Either they were taking profits or they were cutting losses, a short squeeze implies that they were cutting losses, NOT taking profits. Your logic fails. 🙁
 
Sharp swings and volatility like this are a great indication in that, historically, a market calm and recovery follows afterward (how soon is of course difficult to predict). It was definitely an interesting day and I look forward to some recovery, hopefully sometime in the near future. Certainly, this is the most volatile trading day I've ever seen.
 
Originally posted by: Evan Lieb
Sharp swings and volatility like this are a great indication in that, historically, a market calm and recovery follows afterward (how soon is of course difficult to predict). It was definitely an interesting day and I look forward to some recovery, hopefully sometime in the near future. Certainly, this is the most volatile trading day I've ever seen.
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You are so full of shit you're like a feces pinata. It doesn't seem to matter how shitty things look, you're always going to be a cheerleader for Wall St.
 
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