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Message Subject US stock futures waaaaaay down DOOM ON
Poster Handle Saddletramp
Post Content
Guys... the stock price "crashing" is because the government can't come to an agreement on the fiscal cliff deal.

dropping 1-2% is not a "crash"

A crash would be something significant and unusual.

Once the market drops 3%+, let's talk.

That said, the market has been a little too optimistic about a fiscal cliff deal in the last 2 weeks, now that the end of the year is close and government still doesn't seem to be close to a deal, market may take a significant hit by the end of the year.
 Quoting: Kenji


The only thing about that statement in this, the overnights are just a trend indicator, they rarely move more than 1%, and that move is usually only a little less than half of the move that comes in the daily market...and Friday is the last day of trading before Christmas...

I think we have the potential for a 500 point downward move in the DOW tomorrow, but we'll have to see what the volume is at the open to be sure if that's even possible...

Also, they will be trying to panic the market for the sake of influencing the Fiscal Cliff negotiations...don't think that isn't an issue here...
 
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