Markets

MTF

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Aug 17, 2009
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New York City
Even though my team's portfolio is not doing well, some sort of healthy correction was due after late 2017 / Jan 2018 performance.
 

Raoul

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We are down 6%.

At 7% - the breakers will automatically stop the trading to prevent a further tumble.
 

BD

technologically challenged barbie doll
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Sep 1, 2011
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What does this mean?
 

Raoul

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We're still below the 50EMA on the SPY so unless things creep above again, there's still a lot of room to the downside.
 

rcoobc

Not as crap as eferyone thinks
Joined
Jul 28, 2010
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C-137
What does this mean?
US Markets (specifically 30 of the largest companies) dropped 5% before recovering 2%

A Redcafe thread was made and people discussed it.

Two readers were said to have been frightened.
 

Pexbo

Winner of the 'I'm not reading that' medal.
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Brizzle
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Looks like @Vato got sick of the Crypto and bought some stocks today.
 

Raoul

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What's a flash crash without Cramer showing up in the afternoon for a classic rant.
 

SteveJ

all-round nice guy, aka Uncle Joe Kardashian
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Obviously, this is Hillobama's fault.
 

Raoul

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Why is this happening?
Sounds like technical selling. The market breached a key technical level and crashed through it, at which point things went bad very quickly. Although now it seems to have recovered at least half of what it lost 30 minutes ago.
 

afrocentricity

Part of first caf team to complete Destiny raid
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May 12, 2005
Messages
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Sounds like technical selling. The market breached a key technical level and crashed through it, at which point things went bad very quickly. Although now it seems to have recovered at least half of what it lost 30 minutes ago.
Whoosh.... Thanks all the same. I'll Google technical selling...
 

Mike Schatner

Devil's advocnut
Joined
Jan 22, 2018
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Jacksonville (32218), Florida
Sounds like technical selling. The market breached a key technical level and crashed through it, at which point things went bad very quickly. Although now it seems to have recovered at least half of what it lost 30 minutes ago.

There will be a lot of champagne flowing in NY after 4:00pm. Quite a few people will have made millions in a hour.