according to the slosh report, the fed pulled out money from the market and is due to pulled more out today. this is just crazy.
ok voltaire.....i'm now seeing those similarities to 1987 that you've discussed before. the markets are just slicing through all support levels. in 1987, the markets fell during option week and then crashed the following mon/tues.
if the fed continues to not support the market.....and options traders just start dumping everything, we will be in a very similar position again.
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Last
8,585.7 |
Change
-17.300(0.20%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |