6 Answers
With all the small investors reading the news tonight, you can expect them to call their brokers first thing tomorrow to sell stocks at the open of the trading day. Since most orders are "sell" orders and "market" orders, the market will open "gap down". The market will go through a big sell off the first 45 minutes or so, then the bargain hunters will come in. My take? Investor capitulation tomorrow or Monday (a stampede of people selling), to be followed by massive buying (a stampede of buyers buying). This will signal a market reversal.
Since the VIX (Volatility Index) popped over 30%, this signals unnecessary bearishness with investors. People tend to do stupid things like buying protection at the bottom of the market. Remember, in investing, be fearful when they are happy, and be happy when they are fearful.
They are now FEARFUL!
12 years ago. Rating: 2 | |
Stocks are down sharply in late trading and are headed for one of their worst finishes. Concerns over global economic growth, debt crisis in euro zone and fears of double-dip recession have triggered a huge sell-off in the global equity market.
Wait till Obama-Care kicks in. :(
JUST GOT THE FINAL # ON TODAYS TRADING
DOWN 512
12 years ago. Rating: 2 | |
What will Obama-Care do? <serious question>
I'm so nervous about the stocks it takes my breath away. I have NEVER understood them. The stocks are in my Dumb Zone. (So is Obama-Care)
12 years ago. Rating: 1 | |