I haven’t been following the news channels so not sure if this has been discussed but from my sums, it looks like the Dow hit a correction of 10% from recent highs in the midst of the capitulation moment.
I think that’s quite significant as it had supposedly been over 900 days since the last correction?
Might help us find a bottom or mean nothing at all.
its a 1000 now tomorrow could be bad as well cause your get margin calls
LOL
I would extend some mortgages or realise assets before taking margin calls-not that I would ever let myself get near that possibility.
I am looking forward to some cheap buys
The more panic and irrationality the better the opportunity
Amazing 500 point shifts in minutes today, mechanical bot manipulation?
yea was amazing , i was locked out from trading when it was melting 1000 pts in 5mins , was very irate lol obviously market was moving to fast for market makers
good way to spend Waitangi day - watching the closing bell on channel 91. Going to be a rough day on Asian Markets. Maybe lucky we are close today to see what happens in the next 24hrs although futures look negative again. I'm guessing a 10% correction on the Dow from its high last week.
LOL
I would extend some mortgages or realise assets before taking margin calls-not that I would ever let myself get near that possibility.
I am looking forward to some cheap buys
The more panic and irrationality the better the opportunity
orderly markets conduct rules for brokers ...... the silliest rule on orderly markets ever written ......... public will be front rrun by everyone following this rule
orderly markets conduct rules for brokers ...... the silliest rule on orderly markets ever written ......... public will be front rrun by everyone following this rule
just skim read it-isnt it just guidance?
I will consider buying at close tomorrow but dont want to participate in the morning scramble.
Besides i am working in the morning so will not look at prices
From my experiences the best part of market corrections / collapses is when one realises jeez the markets down 50% from it highs and you congratulate yourself on essentially being out of the market before the peak
Some on here been through several big corrections / collapses but I have a feeling this could be new territory for many on Sharetrader
But then again we could be back at new highs in March
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by winner69
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