It would have been a more even playing field to pull the stats for when the Dow was down 2.5% in a day instead of 500+ points. Agree.
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The yield curve has been flattening gradually, but still isn't truly "flat", much less inverted, yet. That's usually a pretty good indicator of whether we're heading for a recession or not.
https://www.bondsupermart.com/main/m...d-curves-chart
My own read is that today's drop was one of those good-news-is-bad-news odd things that the market does sometimes in reaction to positive economic data (and its subsequent impact on interest rates). I'm fully expecting the Dow to be up 200-300 points on Monday morning, as it'll be seen as a buying opportunity. If we're flat or even a little negative again over the coming week, I'll be more alarmed, b/c that could mean we're off into "here be dragons" territory.
i think it'll bottom out on monday and start its uptrend late monday/early tuesday. everyone over the weekend is freaking out so that'll transfer to early monday morning - so i think tuesday will be the real indicator as to whether or not we'll be in the doldrums or not
We know what's happening to stocks, but it's interesting that the credit market hit and held at the 200-day EMA... so far.
http://www.tsptalk.com/images/mb/020518a.gif
666 number you brought up today in today's commentary reminded me of the financial crisis. I remember riding the S&P down from around 1500 to 666. It stuck in my head seeing it at that number. I did a search on it and found a link to an article back in 2014:
https://www.ft.com/content/3cb7838e-...8-00144feab7de
Coincidence I guess..
Interesting. I didn't think of that, but I remember that S&P number now.
Exchange-traded security linked to volatility plummets 80% after hours, sparking worries of market ripple effect - http://cnbc.com/id/104989938
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The number of the beast! Mauled due to greed again! :smile:
The dollar filled a gap early, hit the 20-day EMA, then reversed down.
http://www.tsptalk.com/images/mb/020618a.gif
10-Year Treasury Yield now over 2.9%...
http://www.tsptalk.com/images/mb/021418a.gif