we're juuuuuust short of it on the cash SPX and nazzy as of the time of this post. the official "bear" level on the SPX is: 2,714.82 and for the nazzy it's: 7,870.70 screenshot pulled from my indices correction table:
btw guys, if y'alls wanna track the market correction in real-time you can do that via my google sheet table (same pic i posted above). i had my spreadsheet set to private, but it's now been set to public viewing as of yesterday (thanks to @stock1234 for reminding me lol) https://docs.google.com/spreadsheets/d/1EQ0Em2LOWjGDH10X57bEyUSpqCNveqi_HSTK67nlVes/edit?usp=sharing
THoughts on Gold? IT has always had nice runs when the market tanks and it has not really moved much the last month and only up about a hundred since the beginning of the year. Why isnt it moving higher to 1800-1900? Is it because investors don't believe we are in a financial downturn only a sales downturn?
whelp, if today's open holds through to the close, we'll be deep in bear territory for all the major indices including spx and nazzy, "officially" ending the 11-year bull run looks like we hit lock limit down briefly on the futures during the overnight globex session. let's see if we hit the level 1 circuit breaker at cash open again today, which is a drop of -7% on the spx. what a time to be alive. interesting times my friends...
here we go ... a little late to post this sorry. but this was def the fastest bear market after an ATH in the history of the DJ30. i'll see if i can find one for the SPX later today as well.
CCL ......the nail in the coffin.....stock halted Carnival Corp.'s (CCL) Princess Cruises Announces Voluntary and Temporary Pause of its Global Ship Operations for 60 Days https://www.streetinsider.com/Corpo...bal+Ship+Operations+for+60+Days/16607490.html
Market down 7% right now I know a lot of you are feeling a lot of pain, but personally I'm enjoying this a lot since I've been out for awhile now. Hope none of you are hurting too bad though
This stings like a bandaid got ripped off my soul, but I agree with you here! Time's a comin' to do some shopping!
Wow - closing in on the 10% circuit breaker. Anyone guessing we're going to double bottom on the Dec 2018 lows?
Speaking from the perspective of someone about to turn 40 who didn't start saving for retirement until age 36... this is not a bad thing I closed all positions in my trading account while I was ahead, but still long and still buying in my employer 401k account... had 30% cash when the crash began, down to 10% cash now.... plus the longer the market stays low, the farther DRIP's will go
done ... have created levels going all the way down to -50% in my spreadsheet also just a quick fyi here, i have just created a dedicated thread over in my groups section for those you guys who want to discuss the correction levels specifically for the major market indices: https://www.stockaholics.net/thread...es-correction-levels-google-spreadsheet.9600/ curious to know if my google sheet has embedded onto the first post of that thread.
hmm, is it -10% where the level 2 breaker kicks in? thought it was -13%? then level 3 (-20%) which would halt trading for the day. ya, also thinking the dec. '18 lows will be in play.
