3.5 trading days next week and just 1 day after next week, looks like it will finally be a red year for the market after such a bullish run year after year
Still looking for blow off top for the VIX for me to feel like the bottom is near, at least in the 30s plus area
Anyone remembers if the NASDAQ got into bear market territory at all after 2009 before yesterday and today? I can’t recall one to be honest Maybe we did in 2016 but not sure
good question! looks like it actually did on an intraday basis during the 2011 correction i'm showing from absolute peak to trough it was -20.39% and it almost happened during the 2015-16 correction as well, just narrowly missed that one! that one ended up being down -19.54% on an intraday basis. it's worth noting that the small cap index (russell 2k) and transports both hit bear territory during the 2011 and 2016 corrections. the dj30 is the only index that has not officially hit that -20% threshold since 2009...believe it or not the SPX actually did do it on an "intraday" basis in 2011. but, it seems it doesn't get talked about much because it didn't "close" in bear territory, only crossed it on a intraday basis.
speaking of market corrections and bear markets, here's another quick visual of the indices correction levels as of right now. all of the major indices are now -20% (bear market territory) or greater off their ATHs, except for the dj30 and spx spx now just a little over 3% away
I still think this selloff is too orderly like some of you have said. I want to see one big selloff that would flush even the biggest bulls out. Holidays coming up and today could be the last trading day for some people, making me feel that we won't see the bottom and the big selloff that I want to see until 2019
Dow dives 400 points, heads for worst week in 10 years https://www.cnbc.com/2018/12/21/us-...r-fed-decision-government-shutdown-fears.html Wow we are seeing some history this month This could be the worst week after the financial crisis, and we could see the first December being the worst month of the year
Have to wonder how much impact QT is having on the market. People kept saying that we couldn't keep going up when we had QE but the market kept going up. QT could really have some really big negative impacts to this market
I currently think this week's slow burn results from a combo of the Fed's weird signalling on Wednesday and the threat of government shutdown. I thin the markets are also factoring in some other uncertainties that appear to be becoming more certain with time, like having no actual Brexit deal in place before March, that may potentially seriously disrupt the markets.
I think this is more about a global slowdown, tariffs, tech litigation, North Korea, politics, etc. etc. Way too much uncertainty that can't be worked out very quickly.
Happy early Merry Christmas to everyone since I don't know if some of you will not be coming back until Wednesday
If we did manage to break 2356 the next support would be 2282. Strangely enough that is the level Trump took office. fwiw.
