Black Monday

[couta1]

It really about fear of the unknown, pretty unprecedented.
The trick will be realising when things are becoming known again, before most others.

Well some of us don't have to cause we're already all in, that's only a Lemming problem.

[bull....]

In LA, people just taking enough money off the table for a couple of years living...more yet to happen, will not be that bad in the general US of A attitude still prevails

having a little cash on hand always a good idea. I find it strange some huge companies in the US are drawing down there whole of credit lines this week , do they know some think we dont. add in the fed today is doing massive liquidity nearly 1 trillion for the rest of the week , must be some serious s..t happening

[Raz]

having a little cash on hand always a good idea. I find it strange some huge companies in the US are drawing down there whole of credit lines this week , do they know some think we dont. add in the fed today is doing massive liquidity nearly 1 trillion for the rest of the week , must be some serious s..t happening

I totally agree, we have max. out our credit line for the business and parked as a defensive measure and changed main trading bank accounts from suppliers with direct debit access to accounts. Our CFO is looking rather tired and his team has been run ragged on the collection front and changing terms of trade . We are just a medium sized business. Perhaps I should buy him a beer on friday night?

[skid]

Well some of us don't have to cause we're already all in, that's only a http://googleads.g.doubleclick.net/p...CLICK_YLemming problem.

were you around in the last GFC? cant remember as it was a while ago ..... debt is becoming an issue

[bull....]

got the 10% move down we were expecting , hate to say but generally closing on lows is not normally good

[blackcap]

got the 10% move down we were expecting , hate to say but generally closing on lows is not normally good

Agreed. And post close, futures were down another 100 pts within 15 seconds, only to rebound and go up 100 about 2 mins later. And now 3 mins after close futures are down 50 again. What a volatility.

[Balance]

Short & big sharp falls - that's the way I like them.

The alternative of the markets falling 2% every week for 4 months will be like torturous slow death from a thousand cuts.

Another 10% tonight in US on the cards.

[Entrep]

Does the fastest bear in history mean the fastest recovery?

[dr_]

Another 10% tonight in US on the cards.

DOW closed 10% down

-2,352.60-9.99%

[bull....]

Does the fastest bear in history mean the fastest recovery?

no in my opinion . why your get bounces , dont look at them as start of another bull market probably be bear rallies.
when you get a bear it takes time to build a base even after the virus cure found or what ever ( companies downgrades take time to come thru and profits lost are not necessary regained)