Yeah, I just was looking at that. Articles talking about bounce back, now we're an hour from close and currently -600 for the day. No telling really what it'll end at.Originally Posted by smokemonsc
When a trumpet sounds in a city, do not the people tremble?
When disaster comes to a city, has not the Lord caused it? Amos 3:6
Don't want to diminish this graphic.
hope you got to sell at the top!
Seems applicable
Erased 200 pts in 5 mins.
market again just shot up 200 points out of nowhere
You wonder how much is hedgefunds, HFT or PPT?
It's probably James... Can someone check on him and make sure he's OK? He might have a serious case of whiplash right now.
380 pts in less than 15 mins?
every time they pop it it starts back down again with a vengeance
Key support level at 16k. I'd be shocked if it drops below.
WTH is going on?
doesn't look like 16k will hold into the close
I think we have been watching the plunge team desperately trying to keep the 16k level... and failing!
Today broke records on Dow charts:
List of largest daily changes in the Dow Jones Industrial Average
https://en.wikipedia.org/wiki/List_o...strial_Average
they already updated
#20 biggest one day point loss
#1 largest intraday point swing
#1 largest intraday point drop
When a trumpet sounds in a city, do not the people tremble?
When disaster comes to a city, has not the Lord caused it? Amos 3:6
the second point drop had to be up there too, another 500 points or thereabouts
Local media is reporting that the power went out at several bank buildings in Charlotte during the worst of the markets today, Wells Fargo HQ included. Charlotte is (quietly) the second largest banking city in the country. Talk about bad timing!
http://www.wcnc.com/story/news/2015/...town/32264843/
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
I was watching Yahoo Finance at the close. Ever time I hit refresh it was changing by 100-200 points! Even after it said the market was closed. That was wild.
different servers responding to your browser requests that weren't in sync with each other
seriously, if someone has Lightweis' number now would be a good time to call and make sure he's OK
I can't believe the Fed hasn't stepped in yet and called off the rate hike. I have this image of a referee (the Fed) in a boxing match and one guy is getting totally pounded and the ref is poised, looking closely at the guy's face, on his toes, ready to step in and end it.
I find it ironic that a Ron Paul commercial is on Antenna TV all the time between shows ( for at least a good month now ) warning of our economy and dollar... and now this.
Wonder what people are thinking who have Antenna TV ? lol
<conspiracytheorist>
I wonder if the PPT was running out of Charlotte
</conspiracytheorist>
Buy low sell high. Long Apple at $99! Weeeeee
There is a Fed subbranch of the Richmond branch in Charlotte. The timing of the power outage is curious compared to the PPT bounce timing, 10:30am-4pm. Plus the reference in the article to 'circuits' made me think of 'circuit breakers'. Indeed, very tinfoily.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
"Circuits" on the stock exchange refers to breaks in trading if certain levels are passed. First circuit breaker kicks in if there is a ten percent drop in one day (based on the final close at the start of the quarter- for this period, 17,200) so the DOW would have to fall 1,720 points in a day to trip the first circuit breaker. Trading would be paused if that was hit. Second is a 20% drop. If it hits 30% down, things are shut down for the rest of the day. Not shutting off power.
Dow is now up over 300 points so far today.
Last edited by Zippyjuan; 08-25-2015 at 12:59 PM.
Even with today's ramp the Dow is still 1400 points below where it was one week ago. Yesterday's close (not low) reached down to a level not seen since Feb 2014.
18 months of gains gone in a week.
and speaking of today's ramp...
What was the explanation for the lead balloon?
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