Today's Markets (2-27-07)

[FM]

Well, I'd like to give a big thanks to China...because their markets crashing 9% yesterday, it just parlayed out everywhere today, except really the Japanese market.

Dow drops 400+ points; Nasdaq gets killed, other world markets drop nicely today, or have their worst days in years...and the forex is now reacting as it's last in the list...

Put it in slight perspective, the trading curbs were imposed this afternoon to slow things down; after lifting, the Dow dropped 200 points in one minute.

I did make some nice bank out of it though But, those days are thank god few and far between...now it's wait and see how China re-reacts when they open in a bit...

Of course, others got nailed badly...

[day_for_night]

Re: Today's Markets (2-27-07)

buying the index now wouldn't be such a bad idea...sometimes after a market hiccup is the best time to buy.

[thesightless]

Re: Today's Markets (2-27-07)

lets not forget that there was attempt on dick cheneys life in afghanistan. that didnt help the NYSE at all.

[FM]

Re: Today's Markets (2-27-07)

indeed...tomorrow's going to be very interesting to say the least. 9-11 time frame fell over 1,200 before coming back up somewhat, then eventually sliding down in March. 2000 fall came back up fairly quickly, as did the '87 crash eventually.

With the talks of recessions however, drops like this are the first catalyst (that continue on a bit) which are eventually felt several months later when things hit full bore.

Of course it was just fun hearing and seeing all the "analysts" on TV getting off on this drop today

S'also a full news week with some relatively key reports due out; any of those turn sour that'll send things crashing some more...

Apparently that 200 point in 1-minute drop was something along the lines of a computer glitch...basically couldn't keep up with all the orders, so when it updated, everything took a nosedive...yikes.

[superdave]

Re: Today's Markets (2-27-07)

Possibly a good time to buy. Go the opposite of what everyone else is doing in the market.

[Miroslav]

Re: Today's Markets (2-27-07)

I've flipped a coin and determined that the DJIA will go down tomorrow as well.

[FM]

Re: Today's Markets (2-27-07)

hehe...sometimes, that's all you can do it seems like.

Well, I don't like to believe in sheer coincidences sometimes, but Martin Armstrong's business cycle calculated today to a T.

http://www.nowandfutures.com/buscycle.htm

Nuts.

[RiseandShine]

Re: Today's Markets (2-27-07)

I thought the concepts of waves and cycles predictions was done

[Miroslav]

Re: Today's Markets (2-27-07)

All my Semi-Strong Efficient Market Theory brothas, put your hands in the air!

[RiseandShine]

Re: Today's Markets (2-27-07)

like you just don't care....

[pilot]

Re: Today's Markets (2-27-07)

^^actually I heard points dropped 200+ in less than 2 seconds! glad Im not in that business for that one

[supaz]

Re: Today's Markets (2-27-07)

The 200 pt drop was in error. IMO, It's a good time to buy...easy money. A lot of stock that one would like are on sale right now.

Sheep sell and that's how they get slaughtered.

[supaz]

Re: Today's Markets (2-27-07)

200 point drop due to glitch

http://www.chicagotribune.com/technology/chi-0702280210feb28,1,6912070.story?coll=chi-technology-hed

[FM]

Re: Today's Markets (2-27-07)

yea go figure...you think they'd have the computing power to handle things

oh well today...a little rough, but relative trendiness; personally gave a bit back from yesterday, but not too concerned....still not enough to totally convince that yesterday was a speed bump in the road so to speak...so it's going to take a few more days to fully shake this one out and see where it ends up...just hate to see another recession looming in the distance if so

[skahound]

Re: Today's Markets (2-27-07)

That's why I only short.