sundaynfl Posted October 10, 2008 Share Posted October 10, 2008 A 1000 point swing throughout the day with the VIX at 77 Hugh selloff into the close.... Quote Link to comment Share on other sites More sharing options...
isleseeya Posted October 10, 2008 Share Posted October 10, 2008 and now it is back to rising--there is a decent enough chance that we could finish the day ahead of where we started That would be nice and finally a bit of a morale boost Quote Link to comment Share on other sites More sharing options...
Missoula Griz Posted October 10, 2008 Share Posted October 10, 2008 Next 15 minutes will be interesting... Quote Link to comment Share on other sites More sharing options...
sundaynfl Posted October 10, 2008 Share Posted October 10, 2008 For those not watching this; the DOW has moved from 300 points up to 150 points down in hte span of 4 minutes.... an ~ 5% swing in 4 minutes!!!! It is now flat... Quote Link to comment Share on other sites More sharing options...
tonorator Posted October 10, 2008 Share Posted October 10, 2008 herd is the word Quote Link to comment Share on other sites More sharing options...
H8tank Posted October 10, 2008 Share Posted October 10, 2008 But, the TED spread is up again today to set another record. Even if the stock market has hit bottom, the real economy is still going to be hit hard in the coming months. No it is not. Not with Christmas coming. Quote Link to comment Share on other sites More sharing options...
Double Agent Posted October 10, 2008 Share Posted October 10, 2008 For those not watching this; the DOW has moved from 300 points up to 150 points down in hte span of 4 minutes.... an ~ 5% swing in 4 minutes!!!! It is now flat... I moved some money from under the mattress into the market. You're welcome. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted October 10, 2008 Share Posted October 10, 2008 No it is not. Not with Christmas coming. With H8 correctly pegging the price of gas dropping, I think I need to subscribe to his financial newsletter. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted October 10, 2008 Share Posted October 10, 2008 somebody needs to start subscribing some lithium Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 From open to low to high to low to high to close was approximately a 40% round trip. That's more than a little nuts. There are some years you don't see that ... Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 10, 2008 Author Share Posted October 10, 2008 somebody needs to start subscribing some lithium On my way to my money and banking class at noon I told one of my colleagues that instead of lecturing today I was just going to have the class smoke some crack and watch the stock market go up and down. (Somewhat relatedly, I told my class that if the market finished above 8000 today that it should be taken as a good sign.) Quote Link to comment Share on other sites More sharing options...
detlef Posted October 10, 2008 Share Posted October 10, 2008 No it is not. Not with Christmas coming. Dude needs money so he can buy his kid GI Joe with the Kung Fu grip? Yep, we all saw Trading Places. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted October 10, 2008 Share Posted October 10, 2008 i need a vacation Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted October 10, 2008 Share Posted October 10, 2008 herd is the word herd is the way they are feeling. Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 (Somewhat relatedly, I told my class that if the market finished above 8000 today that it should be taken as a good sign.) Why is that a good sign? Quote Link to comment Share on other sites More sharing options...
detlef Posted October 10, 2008 Share Posted October 10, 2008 i need a vacation Now that you mention it, would it be the worst thing in the world to call a market holiday? Just to chill this mess down for a bit? Don't get me wrong. I'm not asking a "question" because I think I know the answer and want to get a rise out of people. I'm honestly curious. Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted October 10, 2008 Share Posted October 10, 2008 (edited) It was so bad, a dude lost his hair. <--- Clicky AND Buffet became the richest guy in the US, after Gates lost 1.5 BILLION in the market. :neowhoa: Edited October 10, 2008 by cre8tiff Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted October 10, 2008 Share Posted October 10, 2008 Now that you mention it, would it be the worst thing in the world to call a market holiday? Just to chill this mess down for a bit? Don't get me wrong. I'm not asking a "question" because I think I know the answer and want to get a rise out of people. I'm honestly curious. let me sell my vega 1st!!! Quote Link to comment Share on other sites More sharing options...
Sugar Magnolia Posted October 10, 2008 Share Posted October 10, 2008 From open to low to high to low to high to close was approximately a 40% round trip. That's more than a little nuts. There are some years you don't see that ... I was just curious what you mean by 40%. We had a 1000 pt (down 700 to +300) swing which accounts for an 8% change-agreed there are some years you don't see that. Quote Link to comment Share on other sites More sharing options...
Cunning Runt Posted October 10, 2008 Share Posted October 10, 2008 Am I serious about being prepared? Sure. I don't know what this financial mess will lead to, but it's a reminder to all of us not to take things for granted. Color me if you want - I'm OK with that. I hear ya, but your definition of being prepared is provisions and guns. I dunno what to tell ya. Ain't necessary. Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted October 10, 2008 Share Posted October 10, 2008 I hear ya, but your definition of being prepared is provisions and guns. I dunno what to tell ya. Ain't necessary. I hope you're right. Quote Link to comment Share on other sites More sharing options...
theeohiostate Posted October 10, 2008 Share Posted October 10, 2008 ...the short position is being rebuilt...about 1/12th of the position is now on near the highs... ...the time to buy was an hour ago... Thanks for the talk yesterday. I couldn't let my money sit on the sideline any longer, so I went in with 200 shares of NYX at near its low today and did really good. I don't know much about the market, but I did contact my financial adviser today and had a good talk, pressing the points you had suggested. I think we came up with a plan short term to try to take advantage of a possible bounce. I think it could be a good time for bargain shopping and I understand the risks, while I can't afford more losses , it's to a point where I'm just going to do it. Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 let me sell my vega 1st!!! You're still long vol? :eek: Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 Thanks for the talk yesterday. I couldn't let my money sit on the sideline any longer, so I went in with 200 shares of NYX at near its low today and did really good. I don't know much about the market, but I did contact my financial adviser today and had a good talk, pressing the points you had suggested. I think we came up with a plan short term to try to take advantage of a possible bounce. I think it could be a good time for bargain shopping and I understand the risks, while I can't afford more losses , it's to a point where I'm just going to do it. You're welcome. Quote Link to comment Share on other sites More sharing options...
muck Posted October 10, 2008 Share Posted October 10, 2008 (edited) I was just curious what you mean by 40%. We had a 1000 pt (down 700 to +300) swing which accounts for an 8% change-agreed there are some years you don't see that. S&P500 Open = 910 Low = 840 (7.7% drop) High = 915 (8.9% bounce) Low = 845 (7.7% drop) High = 930 (10.0% bounce) Close = 900 (3.2% drop) ...total move round trip move of 37.6%... Edited October 10, 2008 by muck Quote Link to comment Share on other sites More sharing options...
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