Market Talk

[Mike]

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I guess the 1994 similarity is going to hold up. :shock:

I did a double-take when I saw the tv screen. All US market futures are down roughly 2%. :shock::shock::shock:

Foreign markets are taking a nose dive. Wow. :s

I'm awfully tempted to move something into the market on what is certainly going to be an bad day for equities, but I think I'll wait to see what happens with support (will it hold, or will we fall through it?).

Edit: S&P futures fell as low as 1167 this morning before bouncing back up a bit (now 1179.70)after Blair's comments on the explosions in London.

Al-Qaeda has claimed responsibility according to the BBC.

 

[Rod]

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It's really sad about the terrorist attacks in London.

Let's keep them in our prayers.

God Bless

 

[The_Technician]

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U guys get up early.....London-G8 should have looked at the political calendar.....what timing ..just when you're looking for the market to tank....here is the real world reason........guess it could just be anything to knock the market in the head some.....unfortunately, some people have lost their lives over a selfish political motive...

Well I hope others are not injured....:?

:dude:

 

[Rod]

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It's pretty ironic that the attacks come a day after London was awarded w/ the 2012 Olympics. Scare tactic, perhaps? Probably not since it's still 7 years away. Who knows. I know one thing though, these attacks have been planned months ago. So it's probably unlikely that it is related with the Olympics.

 

[mlk_man]

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Al-Queda has already "accepted" responsibility.

 

[Mike]

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It was an al-qaeda jihad cell according to al-arabia.

I would surmise that they have these cells all over the world in major cities.

Any guesses as to how the market will react after today?

I know the bottom fell out after the 9/11 attacks - how long did it take for the market to find a bottom and climb back up again? Anyone have any charts handy?

 

[The_Technician]

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Strange how the last attack 9/11 happened when the markets were about to tank....then they did.....uncanny timing....



Lets see the market was peaked in Apr 2000 1553, it had rebounded to 1530 in Sept.....then tanked till Dec to 1346 till 1 Jan 2001, peaked to 1383 by Feb, then tanked again to 1081 in Mar, then rebounded to 1315 in May, then pondered around till Sept 2001 and dove to mid 900's, to rebound again and so forth.....

:dude:

 

[mlk_man]

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Mike wrote:

It was an al-qaeda jihad cell according to al-arabia.

I would surmise that they have these cells all over the world in major cities.

Any guesses as to how the market will react after today?

I know the bottom fell out after the 9/11 attacks - how long did it take for the market to find a bottom and climb back up again? Anyone have any charts handy?

The market was closed for a week after the attacks, When it opened, the S&P dropped over 11% ina week then came back up to previous prices and ended the year higher.

 

[mlk_man]

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This of course isn't of the same magnitude, yet...............and European markets have already come back up some 1%.

 

[The_Technician]

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MM, are you looking at the S&P???

 

[mlk_man]

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SPY actually.

 

[The_Technician]

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Gee, I hope you guys can get the gif file....I just can't seem to paste a file or attach it so I can even view it.....its beyond me why......its not rocket science..... geesssssh!!!

 

[mlk_man]

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Your attachment isn't coming through.

Hereare prices for SPY:


[align=right]30-Nov-01
114.40
114.91
114.02
114.05
13,680,300
107.53

29-Nov-01
113.66
114.92
113.00
114.87
16,354,700
108.31

28-Nov-01
114.74
115.17
113.25
113.34
20,195,500
106.87

27-Nov-01
115.62
116.90
114.09
115.43
19,261,400
108.84

26-Nov-01
115.75
116.34
115.07
115.93
13,726,000
109.31

23-Nov-01
114.04
115.75
114.00
115.68
6,717,100
109.07

21-Nov-01
114.50
114.67
113.51
114.04
11,470,200
107.53

20-Nov-01
115.37
115.80
114.64
114.80
16,209,700
108.24

19-Nov-01
114.92
115.85
114.45
115.77
13,625,400
109.16

16-Nov-01
115.08
115.10
113.40
114.36
18,134,900
107.83

15-Nov-01
114.37
115.18
113.93
114.87
19,470,200
108.31

14-Nov-01
115.17
115.40
113.71
114.66
17,571,300
108.11

13-Nov-01
113.44
114.55
113.18
114.55
15,296,200
108.01

12-Nov-01
111.00
112.65
110.00
112.03
26,068,800
105.63

9-Nov-01
112.25
112.96
111.44
112.72
15,895,800
106.28

8-Nov-01
112.87
114.08
111.90
112.60
22,563,500
106.17

7-Nov-01
111.77
113.12
111.64
112.25
19,716,000
105.84

6-Nov-01
110.35
112.48
109.85
112.40
23,245,800
105.98

5-Nov-01
110.12
111.09
109.95
110.68
15,929,500
104.36

2-Nov-01
108.44
109.38
107.87
109.25
17,575,900
103.01

1-Nov-01
106.60
109.01
105.70
108.51
29,806,800
102.31

31-Oct-01
106.90
107.86
105.80
105.80
28,124,200
99.76

30-Oct-01
107.35
107.70
105.56
106.16
26,178,600
100.10

29-Oct-01
110.16
110.55
107.45
107.45
18,727,500
101.31

26-Oct-01
109.95
111.79
109.67
110.32
18,623,300
104.02

25-Oct-01
107.45
110.60
106.74
110.57
27,467,900
104.25

24-Oct-01
108.98
109.45
108.22
108.62
16,065,200
102.42

23-Oct-01
109.96
110.28
108.38
108.91
22,062,500
102.69

22-Oct-01
107.30
109.57
107.21
109.47
17,540,600
103.22

19-Oct-01
107.00
107.91
106.01
107.35
21,912,500
101.22

18-Oct-01
107.82
108.16
106.75
107.42
16,510,000
101.28

17-Oct-01
111.07
111.15
107.65
107.65
28,542,300
101.50

16-Oct-01
109.80
110.61
108.95
109.99
15,877,100
103.71

15-Oct-01
108.63
109.45
108.06
109.30
16,873,000
103.06

12-Oct-01
109.15
109.89
107.30
109.50
31,360,500
103.24

11-Oct-01
108.95
110.30
108.95
110.00
23,006,300
103.72

10-Oct-01
105.80
108.55
105.52
108.32
19,987,400
102.13

9-Oct-01
106.61
106.75
105.60
105.96
15,976,300
99.91

8-Oct-01
106.27
107.30
105.87
106.53
12,970,300
100.44

5-Oct-01
107.25
107.62
105.52
107.23
29,796,100
101.10

4-Oct-01
108.29
108.97
106.75
107.44
32,674,100
101.30

3-Oct-01
104.60
107.88
104.35
107.35
32,045,800
101.22

2-Oct-01
104.00
105.58
103.65
105.58
19,833,100
99.55

1-Oct-01
103.90
104.32
102.83
104.27
20,457,400
98.31

28-Sep-01
102.98
109.62
102.50
104.44
21,687,200
98.47

27-Sep-01
101.25
102.29
100.00
102.27
20,536,800
96.43

26-Sep-01
102.35
102.40
100.43
101.39
18,587,500
95.60

25-Sep-01
100.75
102.00
99.90
101.75
25,466,200
95.94

24-Sep-01
99.72
101.16
99.06
100.70
25,549,600
94.95

21-Sep-01
94.28
98.99
93.80
97.28
49,782,100
91.72

21-Sep-01
$ 0.37 Cash Dividend

20-Sep-01
100.40
101.81
98.56
98.71
36,210,900
92.72

19-Sep-01
104.10
104.50
98.56
101.95
42,771,800
95.77

18-Sep-01
104.33
105.30
103.36
104.05
22,029,200
97.74

17-Sep-01
101.00
106.40
100.00
104.30
32,388,700
97.97

10-Sep-01
107.70
110.35
107.70
110.05
23,408,700
103.37

7-Sep-01
110.02
111.25
108.63
108.72
33,133,900
102.13

6-Sep-01
112.65
113.30
110.77
110.77
21,653,000
104.05

5-Sep-01
113.70
114.19
111.95
113.70
21,477,100
106.80

4-Sep-01
113.85
116.17
113.37
113.42
24,473,400
106.54

31-Aug-01
113.40
114.77
113.13
114.15
15,985,400
107.23[/align]
[align=right][/align]
[align=right][/align]

 

[mlk_man]

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Doesn't paste well. The bottom number is the actual adjusted closing price.

 

[The_Technician]

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I believe we want the SPX data....u got it....I swear I haven't been able to attach aplot file or paste much of nothing on this editor......it really leaves a lot to be desired.......and thats putting it kindly......#$#%#@$@#%@#%!!!!!

 

[Mike]

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I glanced at some charts on bigcharts.com... S&P shed over 100 points following the 9/11 attacks, but then it quickly rebounded.

I don't think an attack in London will hit us quite that hard. It's definitely gonna sting, though. 1-2% loss is looking likely today.

 

[The_Technician]

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Oh wait a minute...got the wrong year......geesh.....I put in the data for 2000....oh, its too early.....

its was around 1094 Sept 11 2001....dropped to 980's then went up to 1154 by 2 jan 2002,.......then floundered in Feb then dropped in Mar and continued to mid 700's in July 2002 thru Mar 2003.....

Geesh....I just got up........aaaahhhh!!!!!

 

[Mike]

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I got it figured out. Looks like the bottom came in 5 trading days. It'll be interesting to see how our market responds to a "lesser" attack on our closest ally.

Here is the S&P chart starting on March 10, 2004. The beginning shows what happened after the bombings in Spain.

The drop after the terrorist attack in Spain was almost 50 points... if we see a similar drop at the present time (percentage wise), we would drop down to ~1140, very close to the yearly low. :shock:

 

[The_Technician]

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Noticed the treasuries are spiking....means the F fund is diving....could be a good move in a couple of days if you want to get in till the Stocks rebound...

http://money.cnn.com/2005/07/07/markets/bondcenter/bonds/index.htm

 

[Mike]

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Tech, you must be tired.

Treasury prices are spiking, and yields are falling. That means the F fund will likely do quite well today (probably gain several cents per share while the equities take a nose dive).

I do agree however that the F might not be a bad play in the short-term with the momentum on the "red arrow" side of things. I'll probably take a modest stab at catching a bit of a bond rally over the next few days while stocks struggle (again, I wonder if that payroll report tomorrow will have any type of impact - or if traders will now be focused on terrorism/fear only).