Very interesting – thank you. I think I mentioned that Art Cashin yesterday said in his entire career he had never seen advancers outpace decliners by such an extent.
Hey there. Sundancer is trying to teach us how to fish. I'm just not that great and hooking the bait, nor do I have the time with two little ones but I will get there. I believe something new us under the sun and that is sundancer! If technical analysis really worked (and I do believe it does to some extent) then many people would have mastered it and would be rich. Instead, most of us are spinning our wheels. Dread is probably the best technical analyst I have seen. Options may become worthless (if no one is there to pay them out) but by that point money probably won't be worth much anyway 🙁 Not sure what the answer is unfortunately.
Friday, September 19, 2008. This was the night of TARP.
September 19, 2008’s gains lasted all but one session with the entire gain evaporating the next trading day. The S&P 500 had an historical opening that day, closed at 1255.08 on 2008-09-19 up 48.57 points for a gain of 4.03% (a Friday). The S&P 500 closed at 1207.09 on September 22, 2009 down 47.99 points for a loss of 3.82% the subsequent Monday.
We all know what happened next between September 19, 2008 and March of 2009 as the market started it’s decline to what we now refer to as the March 2009 lows.
There is another interesting comparison drawn to the September 19, 2008 record breaker. The advance decline ratio closed at 18:1, meaning for every stock that was down, 18 were up for the day. Today’s advance/decline ratio also ended at 18:1.
Carl’s morning call:
June S&P E-mini Futures: I think that last week's low at 1056 ended the correction from 1216. Today's range estimate is 1135-60.
1140.50-1158.25 range last night (17.75 points)
1135-1160 estimate for today (25 points – ~1.5 times the usual range)
1142 currently, so estimate is -7 to +18 from here (bullish)
9.19.2008 was not TARP
http://www.sec.gov/news/press/2008/2008-211.htm
LOL… no, it said Dow 10,000 on it. I Photoshop'd it. He He He (I'm a little bit evil sometimes).
Never seen this! Is it from the crash last year?!
Remember Art Cashin's hat Monica?
http://reddragonleo.com/wp-content/uploads/2009…
very strange that gold is trading higher this morning. Guess that just means more downside in equities.
Thanks Gere…
Very interesting. Makes me glad too be short right now.
Very interesting – thank you. I think I mentioned that Art Cashin yesterday said in his entire career he had never seen advancers outpace decliners by such an extent.
Hey there. Sundancer is trying to teach us how to fish. I'm just not that great and hooking the bait, nor do I have the time with two little ones but I will get there. I believe something new us under the sun and that is sundancer! If technical analysis really worked (and I do believe it does to some extent) then many people would have mastered it and would be rich. Instead, most of us are spinning our wheels. Dread is probably the best technical analyst I have seen. Options may become worthless (if no one is there to pay them out) but by that point money probably won't be worth much anyway 🙁 Not sure what the answer is unfortunately.
Friday, September 19, 2008. This was the night of TARP.
September 19, 2008’s gains lasted all but one session with the entire gain evaporating the next trading day. The S&P 500 had an historical opening that day, closed at 1255.08 on 2008-09-19 up 48.57 points for a gain of 4.03% (a Friday). The S&P 500 closed at 1207.09 on September 22, 2009 down 47.99 points for a loss of 3.82% the subsequent Monday.
We all know what happened next between September 19, 2008 and March of 2009 as the market started it’s decline to what we now refer to as the March 2009 lows.
There is another interesting comparison drawn to the September 19, 2008 record breaker. The advance decline ratio closed at 18:1, meaning for every stock that was down, 18 were up for the day. Today’s advance/decline ratio also ended at 18:1.