Down goes the Dow

one letter off wrote:

site

How can you people be so consistently wrong? It defies logic,

A site is a place. Cite is short for citation.

Simply amazing,

do you have nothing better to do than dispute basic uncontroversial facts? Do you want to talk about how when I drop my stapler every day it hits the ground? or is that wrong, nonsensical and dishonest also?

From my post, talking about a down stock market, showing my point: The VIX, during that time, rallied more than 350% before quickly pulling back once the stock market stabilized again.

which is the normal thing that happens. Stock market falls, vix goes up. in a serious stock market fall like we have now, the vix spikes up. Over the past few years if we buy stocks when the VIX spikes to around 32, we'll do fine. Because that level of vix indicates that the easy money has been shaken out of the market by very high levels of fear.

Just google 'vix buy signal' and you will get all the commentary you want. or do the work yourself - look at vix spikes over the past few years. Inevitably they match up with dips in the market that could have been bought profitably.

Wrong yet again wrote:

How can you people be so consistently wrong?

Oh, the irony!

What is the over/under that we tank into the close?

Ghost of Igloi wrote:

What is the over/under that we tank into the close?

these things are never over in a week. takes more time to really dig in the knife and twist it around, hurting as many people as possible.

And now it looks like we're sitting below the 200 day - that will induce more selling, no doubt.

Interesting the Russell 2000 has been getting the knife all day.

Ghost of Igloi wrote:

What is the over/under that we tank into the close?

That’s not really an “over/under” situation. It has to do with odds.

Bouncer wrote:

BOINNGGGG

Bump

As noted the one thing we can depend on is that you will not admit you are wrong.

As noted wrote:

As noted the one thing we can depend on is that you will not admit you are wrong.

have it your way. You keep believing that a VIX over 32ish is not predictive of a stock market bottom. You do you.

agip wrote:

As noted wrote:

As noted the one thing we can depend on is that you will not admit you are wrong.

have it your way. You keep believing that a VIX over 32ish is not predictive of a stock market bottom. You do you.

Still waiting for any evidence at all to actually back this claim up. This counter-intuitive claim. At best.

Euro Markets wrote:

Euro markets a bit of a rebound today.

I am guessing our markets will come back a bit early....then suspect will go back into the slide.

Early morning run up wiped out by 1:40 PM today.

Nailed it...so far.

If trend continues and markets continue to fall until closing I would not want to be invested in equities this week-end given a good chance the panic will build.

Nailed it wrote:

Euro Markets wrote:

Euro markets a bit of a rebound today.

I am guessing our markets will come back a bit early....then suspect will go back into the slide.

Early morning run up wiped out by 1:40 PM today.

Nailed it...so far.

If trend continues and markets continue to fall until closing I would not want to be invested in equities this week-end given a good chance the panic will build.

Only the weak will panic. The rest of us will reap the rewards.

Chump change wrote:

Nailed it wrote:

Early morning run up wiped out by 1:40 PM today.

Nailed it...so far.

If trend continues and markets continue to fall until closing I would not want to be invested in equities this week-end given a good chance the panic will build.

Only the weak will panic. The rest of us will reap the rewards.

Right. If the market indeed does tank sooner rather than later, you will get get your just rewards.

Nailed it wrote:

I would not want to be invested in equities this week-end

Well! I don't know. I'm sure that's contrary to what the guy who we thought was all about CASH but later found out would never suggest not being in equities would recommend.

Ghost of Igloi wrote:

Interesting the Russell 2000 has been getting the knife all day.

I've found, anecdotally, that small stocks are irrelevant in times of big market moves. These moves are made by traders shoving ETFs and futures contracts around...traders need liquidity both on the buy and sell...so they play in the big cap space.

Small cap moves on a day to day basis at times like these don't seem to mean much to me.

On the other hand, small cap moves will often presage large cap weakness. That sure happened this time.

this market really wants to collect itself around the 200 day.

right on it, again.

How so Bonzo wrote:

Chump change wrote:

Only the weak will panic. The rest of us will reap the rewards.

Right. If the market indeed does tank sooner rather than later, you will get get your just rewards.

I’m actually counting on it tanking. I’m well positioned for it.

Small caps up for the day.

S&P 500 up big.

Tech and FANG up bigger.

Quite a ride getting there for the small caps, though.