4 replies to this topic

[CLK]

...about the one day 500 point drop we had. The market is going up now so that didn't matter ?

[skott]

yes of course the American public, investor and Wall Street has the attention span of a gnat. The lesson is when China's bubble really pops look out below.

[J.Bilkins]

The 500 point melt down was all about the carry trade. I don't ever see that being charted....except someone posted an awesome picture with the yen side by side with the SPX crank down awhile back...

I here the Iran fireworks are starting next week...3pm central, coming in from the southwest....jk.
Being reported on the net...here...just reporting...not being political. I think this whole thing is fake anyways...
http://media32b.libs...r/wse4507-1.mp3

also people have to pay the tax man next week so who knows....maybe they have to sell their speck stocks next week!

[skott]

“Friend Peter Eliades commented recently in the Stock Market Cycles that the big one day S&P 500 downer of February 27, 2007 saw 498 issues decline, while only 2 rose in price. This was the single worst day for S&P 500 breadth since 1926. Eliades looks only at S&P breadth. He eliminates foreign ADRs, bond related securities, etc. You had big lop-sided numbers in the early 1940’s as the world drifted into World War II and Hitler was rampaging through Europe. But none topped February 27, 2007. Ignore this at your peril.” (1-Apr-07) Growth Stock Outlook, POB 15381 Chevy Chase, MD 20825

[jmicou]

...about the one day 500 point drop we had.

The market is going up now so that didn't matter ?

Percentagewise, it was unusual since late 02. Before that, moves up and down were a lot bigger and it would have blended in.

There has been much discussion and analysis about the drop, so do not understand the statement.

The internals were far more interesting than the point change. The real issue is how one interprets the event from then until now and, finally, going forward. The "ignore at your own peril" by Eliades indicates there is only one interpretation. That is not the case.

Edited by jmicou, 07 April 2007 - 12:37 PM.