Imminent and severe market correction

[wayneL]

I can recommend the stuff they mine in the Himalayas, full of trace minerals and a pretty pink colour too. :

Probably good for budgies too.

 

[Wysiwyg]

No vovos left I'm afraid , how about a bush biscuit that should fill the space .


PS... love and kisses Marge XXXOOO

Lol, you`re such a sweety.

p.s. love your writings.(eats humble pie )

 

[ithatheekret]

No worries Wys ,

I might dunk myself in vodka today .


I'm in there with you guys too , except the orderlies under my command are hedged . Don't think I haven't made mistakes , I've made beauties , $18K in one day once ....... once .

I wore a dunce cap for weeks over that and was delegated to the corner by the folks , but it was the best thing I ever did .

I was a believer and not a researcher then , I don't suffer from info overload , I make the info contest its position , by cross referencing projections based on trade and other subtle measurements .

Just saw gold hit $859 , nothings sacred in a meltdown , even for pagans

 

[rub92me]

Front Page in the UK

You couldn't make that up. The man in underpants looks a little pale too!

 

[chops_a_must]

You couldn't make that up. The man in underpants looks a little pale too!

I don't know what crash they are talking about. On the front page there, the DAX are clearly up!

 

[MS+Tradesim]

WTF? US futures are bright green. :swear:

Wouldn't that be just like America to startle the world then have an up day?! Not holding my breath but really, anything can happen in this climate.

 

[Kauri]

Latest market RUMOURS..
Here's a few for the day... and a good day it is for it and all...
Emergency Fed meeting tonight...75 bps..
BoJ and BoC have scheduled meetings today, and the BoC is looking at 50 instead of the expected 25bps..
One of the Sov wealth funds backing C is considering backing out..
Fears that Chinese banks need large writedowns..
Crunch to worsen as Fitch downgrades Ambac..
and fact... George Soros has warned that the current situation was "much more serious than any financial crisis since the end of the war."

Enough for now ... I guess
Cheerfull
...........Kauri

 

[Nyden]

WTF? US futures are bright green. :swear:

Wouldn't that be just like America to startle the world then have an up day?! Not holding my breath but really, anything can happen in this climate.

World markets are obviously ignoring it. Even if they have a rally, it'll be short lived and only delay the inevitable :

 

[Gundini]

DJIA INDEX 11,670.00 -436.00
S&P 500 1,270.80 -54.50
NASDAQ 100 1,782.25 -67.25

A rise would surely be against the formguide.

This is the best the futures have looked in ages by the way.

All I say is "thank God they are asleep"

Where are you seeing the green?

www.bloomberg.com/markets/stocks/futures.html

 

[Nyden]

DJIA INDEX 11,670.00 -436.00
S&P 500 1,270.80 -54.50
NASDAQ 100 1,782.25 -67.25

A rise would surely be against the formguide.

This is the best the futures have looked in ages by the way.

All I say is "thank God they are asleep"

Where are you seeing the green?

www.bloomberg.com/markets/stocks/futures.html

He's probably talking about http://money.cnn.com/data/premarket/index.html

 

[chops_a_must]

WTF? US futures are bright green. :swear:

Wouldn't that be just like America to startle the world then have an up day?! Not holding my breath but really, anything can happen in this climate.

Don't know where you are seeing that. My screen shows YM at about 11630 ~-580, ES at about 1270, ~-58

SPI near new lows.

 

[MS+Tradesim]

Where are you seeing the green?

Here: http://finance.yahoo.com/indices?e=futures

Is it wrong?

 

[Gundini]

Here: http://finance.yahoo.com/indices?e=futures

Is it wrong?

They are March Futures....

DJH08.CBT Dow Jones Indus. Mar 08 12,390.00 Jan 19 174.00 (1.42%) Chart
NVH08.CME E-Mini Nasdaq 100 Mar 08 1,881.00 Jan 18 0.00 (0.00%) Chart
ESH08.CME E-Mini S&P 500 Mar 08 1,268.00 10:35pm ET 2.50 (0.20%) Chart
YMH08.CBT Mini Dow Jones Indus.-$5 Mar 08 11,635.00 10:35pm ET 49.00 (0.42%) Chart
NQH08.CME Nasdaq 100 Mar 08 1,778.50 10:33pm ET 4.50 (0.25%) Chart
SPH08.CME S&P 500 Mar 08 1,267.90 10:34pm ET 2.90 (0.23%) Chart

 

[STRAT]

Here: http://finance.yahoo.com/indices?e=futures

Is it wrong?

Not sure why it is streaming but the date says 19th Jan

Thats a bit strange eh??

 

[MS+Tradesim]

They are March Futures....

Doh! Where can I see the current lot online?

 

[Gundini]

http://www.bloomberg.com/markets/stocks/futures.html

 

[Uncle Festivus]

Well the futures have been wrong before, and the bobble heads (traders) have been given some notice of what could transpire if the doodle heads (Bernanke etc) don't come out with some soothing reassurances. The PPT have a mandate so past experience would suggest downside limited 400 pts before the PPT get's serious. If not then it's game over?

 

[IFocus]

Front Page in the UK

A couple more front pages like this and we may see a base form, hard to see a bounce when the talk is US recession........

 

[explod]

Well the futures have been wrong before, and the bobble heads (traders) have been given some notice of what could transpire if the doodle heads (Bernanke etc) don't come out with some soothing reassurances. The PPT have a mandate so past experience would suggest downside limited 400 pts before the PPT get's serious. If not then it's game over?

Noaaooo woorrriies (was that Dame Edna or Sir Les) The spin will be on tonight, some o'there mates need a rescue breather. Wall Street loves to put the stamp on it all. No one can have a correction without there say so, so up tonight but look out below by about Thursday.

But I could be wrong as I have before.

For higher impact, Unca Ben might have a coupla days off first thou.

 

[Gundini]

Well the futures have been wrong before

That's for sure, can change very quickly on some positive spin... They will have to dig deep though.

The PPT have a mandate so past experience would suggest downside limited 400 pts before the PPT get's serious. If not then it's game over?

Mmmm... Yes, I can see where you get the past experience idea, but if we knew The PPT had a percentage plan of let's say 3% fall before they would step in and save the planet, we could all benifit from that knowledge. Maybe better to say they only allow a 3% fall in any one session. That way they can step the market down, and take the heat out of it more gradually, as in now!