LEH $0.16 man, how many 401k/superanuation funds got destroyed, it's like Lucent in 2002 $85 to $0.5 seems like the NQ is holding, need some broad market panic
Changing to the short side here. Short 1225.75 (4 contracts) Stop 1228.50 Edit: Stopped out (12:14PM EST)
It may not be wise trading at all as breaking news always coming out at surprise times ... both long and short sides. Have real stops in place should help if you have to trade.
Real stops in place is always a must...but the market could gap 20 pts either way so better advice for today is small position size. Anyone notice Nat Gas just started rallying...almost 10% in about an hour
These types of days are a momentum traders pay days. Intra-day mean-reversion traders best to revert with the momentum until the volatility returns to normal or widen up your levels. A break of 1200 will be ugly.
If Aig cannot resolve itself, we are going there....Nice run to 1160 get vix up to mix 30`s. There is no way Buffet will buy this huge pile of shit. He is too smart...