How does the limit down work anyway? I mean, it can't go down, but it doesn't just stop? You can still go up? So weird. What sort of a market is that?
That would take some guts. But maybe it's the best way to make money. I mean, who will start selling once it's down this far?
Most likely I will. At least with 1 one of my 4 planned tiers. I have been waiting for a nice gap down for a while to be overweight with stocks. I will probably use 2 of those tiers within first 2-3 days. I dont want to do the same mistake of waiting too long like I did with brexit gap down. Back then, I took advantage of the drop with my first tier but I waited too long for the second and it recovered in short time. Even though I expect the recovery of this drop to take longer, I am not planning to be too greedy with my first two target price I also wonder if this melt down would trigger FED to postpone rate hike again. If that happens it can help with the recovery People get emotional and can do illogical things, also probably machines/algo's or chartist who believe in certain resitance points will add to the selling spree
I just read it today, but it sounds like the price freezes, but if you want to buy/sell at that price then you can. Not exactly a freeze, price can go up, but it stops going down.
Possibly. Before tonight, I heard a theory that the Fed wouldn't hike because they would want the economy to run really hot, assumedly for Hillary. But if their enemy (hehe) somehow wins, they might want to try to screw him in the best way they can.
Not only Trump winning, but the Republicans in control of the legislative branch. It's typically not liked by the market, when a party has all of that in its control. So funny the Democrats were planning to take those over, that's all the talk we heard. No talk of the Republicans taking all the control.
hold up hold up hold up! the talking heads are saying the fed may not raise now if trump wins, that would be crazy.
It's funny. It's all over. Trump will be the next President. I expected the market to crash hearing this news, but it crashed long before this news came out. I wonder if it'll recover tomorrow and this will have been just a dream, or if it'll find more room to go down.
Just like you I started my tier buying fairly soon during Brexit but never got to the other tiers because the drop was too short lived. I may start on day 2 if the this plays out as expected. If oil drops below $40 I will make a play or two there. FED to postpone rate hike? That is a strong possibility unless a recovery has set in by then
I doubt the selloff will be done in just one session, but probably will buy a little tomorrow for long term
Where you been? I'm hearing rumors that Hillary is going to challenge the election. What does that do to the already down markets tomorrow if she challenges?
I think you're interested in regular hours lock limit? I'm not sure, but I'll try to help; I'm sure Cy knows haha. Whereas futures lock limit is 5%, I think regular hours has two lock limits, and I'm guessing that they are at -7% and -10%. At -7% down, they halt trading for, something like 30 minutes. At -10% down, they halt for the rest of the day. Don't take these numbers as concrete; hope they help you get your answer.
Election not going to be wrapped up tonight. There's talk about Clinton taking this to the court system. The longer this drags out, the worse it will be for the market.
