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Dow Braces for One-Day 1,000 Drop, as Markets Plunge

A 1,000-point drop in the Dow Jones Industrial Average (DJIA) may appear like a great deal but, based on historical standards, it is not much. Japan's Nikkei has sold off 14% so far this year, and 4% in a day. The sell-off in equity markets has accelerated. A thousand points off the DJIA would be only 6.5%. And the outside forces that pressure markets up and down are pushing them relentlessly down for the time being.

The DJIA has a tradition of plunging on bad news. It sold off 7.9% on October 15, 2008, a single day during the financial crisis in 2008. More than once during that panic, it dropped more than 7%. Nearly as recently, on October 19, 1987, the DJIA dropped 22.6%. The cause was not extraordinary. The economy was in recession and investors rushed for the exits once it became clear that day's trading would be terrible.

http://finance.yahoo.com/news/dow-braces-one-day-1-112549651...

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More Correction! More Correction! More Correction! Please?

My only strategy in day trading is knowing the "code". And that code is 'Buying and Selling' pressure. Period. With that information, I just get onboard and go along for the ride. Today's action grossed 60 points in the S&P emini. For $3,000 per contract gross profit. I don't know ANYBODY who pulls 60 points out of the S&P! NOBODY.
To enlarge, right click on chart. Left click on 'view image'. Then just click the magnifying glass.
http://3.bp.blogspot.com/-VR1IE_ALRao/UvKDbLe-oPI/AAAAAAAAFiU/ZdAnknPuqwk/s1600/Chart20140205115958.png

The whole world is in the midst of a correction...

http://www.dailypaul.com/311736/global-stock-market-correcti...

... or crash.

Bump. Thanks for posting.

The Diamond Dog is a real cool cat. | Reporting on the world from an altitude of 420.

Cyril's picture

Heya Janet! Whazzup?! 'Ya sure ya wanna continue "tapering"?

Heya Janet! Whazzup?! 'Ya sure ya wanna continue "tapering"?

https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&...

"LOL"

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius