Market On Track For Worst Opening Day Loss In 84 Years
There is a saying that as January goes, so goes the full year market. But what about just the first day of January?
Courtesy of Reuters' Jamie McGeever, here is a quick snapshot of the worst opening days for the US stock market in the past century.
As of this moment, the S&P is down just about 2.4%. If the market closes here, that would make it a worse first day of trading than in such "dramatic" years as 2008 and 1933.
But wait, there's more, because unless the S&P somehow manages to stage a rebound and closes above the current levels, it would suffer the worst opening day loss in the past century except for the historic -8.1% collapse it suffered on January 4 of 1932.
Alternatively, if stocks really want to make the record books today, then they have to slide another 5.5%. That may be a stretch...
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Casino Royale
All in on red
Again...My Neighbor always tortures me about my PM investments...and I always tell him that it is "REAL"...and I have lost nothing...unless I sell. He is 100% into stocks...and he watches it in his garage on the 60" flat screen every day..his day is decided on how the markets do. He is also the type that will NEVER sell...He toggles from CNBC to MSNBC....He still has the Obama 08 signs in his garage...get the picture. He cringes every time he sees my Trump sticker. Will film it if he gets the noose out as well as the ladder. I know all of you guys here on ZH are really smiling with gleem inside as this happens....I am.
I'm just wondering if it will be more of a barfing clown day, or a puking unicorn day.
I'd like to see a barfing clown impaled on a puking unicorn.....animators?
there was no PPT in 1932, so I have a feeling today will be "saved" before the closing bell.
Large gap from this morning from 17,600 and 17,400 will most likely be filled by the PPT...that will be their target zone.
Break the fucking record!
Bears are waking up from hibernation!
Not If they close the whole thing DOWN @ Noon.
Yellen is so jealous of China right now.
I'm very competitive - we can do it - drop bitchez!!
PPT sleeping off their New Years hangover. Must have been quite the party!
Waiting for markets to break and indexes to rise on zero volume. Magic.
Must be a HUGE 3:30 ramp on deck.
Green by 4
& Red no more
Let's shoot for the stretch, it's still early.
Muppets frying
And central bank credibility.
Dear Wall Street:
This is what you get for fapping with pictures of Yellen, LaGarde and Bernenke, and enjoy your social disease that you have from raping the sheep......
The economy is doing GREAT!!!!! ....
4 more rate rises by the FED this year - YAHOOOOOOOOO!!!!
"if stocks really want to make the record books today, then they have to slide another 5.5%."
YES. WE. CAN.
I can't wait for the articles two or three days from now that show where the magical liquidity that's about to be dumped on the markets later today actually came from.
401k money should start hitting the market.
The ES has already taken out its December lows, not a bad day's work for the bears. If it breaks support at 1840 this winter, there's gonna be trouble going into the spring. Big trouble.
It was the gay orgy of the decade.
PPT is still on vacation, hopefully permanently.
No worries...Netlfix, Amazon and Facebook will save the day...
I have only one question:
Are we bringing back BTFD? Or is that so 2015?
"Market On Track For Worst Opening Day Loss In 84 Years"
Not to worry...tomorrow the Market will be on track for best opening day gain In 84 years
Worst since Lehman?
The PPT will just keep it above 17k (DJIA) and 2k (S&P 500) for the day and call it a success.
The markets will turn green at 3:30.
A fitting anonolgy is that if suddenly one day you opened up your shop and you sold all of what you had, You wouldnt close down? Makes me think that there is a heck of a lot of "stuff" been SOLD that no one actually owns. I suppose one can always make more "stuff" ....
A fitting anonolgy is that if suddenly one day you opened up your shop and you sold all of what you had, You wouldnt close down? Makes me think that there is a heck of a lot of "stuff" been SOLD that no one actually owns. I suppose one can always make more "stuff" ....
you can say that again....