The price action in the equity markets today was nothing short of impressive. We literally had a W shaped trading day where stocks opened down 600 points, rallied back into positive territory, sold off again by another 600 points before recovering most of its losses by the end day. The volatility that we have seen [...]
The Case for a Bounce
October 10, 2008
Short Squeeze Triggers Sharp Volatility in Stocks, FX Traders Look for Buying Opportunity
October 10, 2008
For the first time since March 2003, the Dow Jones Industrial Average broke 8000 at the open of the US markets. However just as quickly as stocks dropped 600 points, it recovered more than half of its losses in the first 15 minutes of trading and actually moved into positive territory 35 minutes into [...]
Historical Dow Charts
October 10, 2008
The Wall Street Journal has some great charts today that I think are important for historical reference:
The worst market slumps in the past 100 years
Top 10 Point Drops in the Dow
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