Market taking an ass whipping today

[Emily_Haines]

Is it time for another bailout?

Will there be a investigation from congress?

Could a fat finger person be blamed for this?

[RageWizard]

Its been a good month for people anticipating a correction like me. This correction has been in the making for a while now. This may be it however when the S&P comes down to the 1060 level or where the "Flash Crash" went to the other day. You just had to know they are going to test that level again. I think they find a way to hold the levels there. Then we can all go long again for a while. If however the chart for IWM is unable to hold the 200 DMA at 62.87, right now it is around $64.30. We will see a deeper plunge ala 2008, or great depression style all the way to the July 2009 levels at around 850. I don't think that will happen within the next 3 weeks, and there are some levels of support before we get there. In the long run of the summer however, I do think we will get back to those levels.

[Emily_Haines]

I'm pretty sure it is going to 0.

[Chi_archie]

I see a volatile year, things will start to turn around for good, slowly at first in November/December and the end of 2011 will see the Dow around 13-14k again

[pavyracer]

Sell in May and go Away

[Fishhead]

I'm pretty sure it is going to 0.

In time, it will............seriously.

[Fishhead]

Sell in May and go Away

[pico]

market sucks. need another bailout soon

[Facepunch]

Yeah, another bailout.... that's the answer.

{Gun in mouth Emoticon}

[tltaylor89]

This is the time to get short equity valuations still don't make since at these levels.

[Emily_Haines]

getting to be like a broken record

nice start today

[Holtgetsback]

Nose Diving

[tltaylor89]

Buy the SDS and watch the profits roll in this is a 10 day trade for me.

[Carson05]

is TBT worth buying

[mathdotcom]

Kim Il Jong is bored.... that's all.

[RageWizard]

Buy the SDS and watch the profits roll in this is a 10 day trade for me.

I'm waiting to see some selling volume in tis market. Yeah the S&P 500 is right around the lows for the time being, but until I see some more downward pressure in terms ov volume, I'll be on the sidelines. Well actually it would be an increase in my short positions like DXD,TWM, and the q's. I usually don't like to hit the double and triple short plays, but I agree if the market breaks the recent low, it will travel down most quickly to last July's lows.

[pico]

i think there is a resistance around 9k for dow.