Record Nasdaq days on the downside
10/19/87 -11.35 %
04/12/00 -9.67
09/29/08 -9.14 No bailout, WB bought by C. Dow down 7.0%. S&P down 8.74%
10/20/87 -9.00
10/26/87 -9.00
12/01/08 - 8.93 Bernacke speaks gloom, manufacturing is bad, retailers have bad opening.
08/31/98 -8.56 Russian and LTCM crash
10/15/08 -8.47% Retail numbers were bad, beige book bad.
04/03/00 -7.64
01/02/01 – 7.23% Funds lock in profits, Robbie Stephens downgrades EMC, INKT, NTAP, many others. NAPM Index at 43.7% (consensus was 47.1%), the lowest since April 1991 and indicative of a continued contraction in the mfg. sector
12/20/00 – 7.12% FDRY takes down infrastructures with the warning.
04/13/00 -7.02
10/27/97 -7.02 Asian Financial Crisis
09/17/01 - -6.83 Trading resumes after the WTC bombing
11/19/08 -6.53% fed says unemployment could be 7.6%, recession all 2009.
03/12/01 – 6.30% CSCO warns prior period, Barron’s pummeling fiber optics stocks, ERICY warns.
01/05/01 – 6.20% BAC rumors of bad shortfall due to CA utilities and CSCO rumors of missing quarter sent it down.
04/03/01 – 6.17% - ABRA, ITWO, RBAK, AXP, INKT, ENTU, BVSN, warn last night.
03/27/80 -6.15%
03/28/01 – NT and PALM warn the night before sending networkers down double digits.
05/23/00- 5.93%
10/07/08 -5.80% MS fears the Japanese bank will pull financing and BAC has horrid earnings.
11/5/08 -5.53% election results and profit taking after 205 runup.
10/09/08 - 5.49% GM and MS downgrades, shorts allowed back
11/12/08 - 5.17% Treasury not buying toxic mortgage assets.
Best Buy earnings warning horror.Intel just cut Q4 guidance.
GOOG below $300.
11/20/08 -5.07% Congress postpones vote on auto bailout.
11/14/08 - 5.00% Worst retail month in Oct ever.
Put/Call ratio 1.00
Under 0.40 is Very Bullish sentiment, 0.40-59 Bullish, 0.60-0.79, Neutral, 0.800-0.99 Bearish, Over 1.00 Very Bearish. When many are bullish, this may be time to take profit.
VIX 68.51
When it runs below 20, usually a good time to take some profits. If above 35, good time to buy.
Sector Watch
Breakout of the day
everything was down
Collapse of the day
$XBD Broker Dealers 64.00 -13.53 -17.45%
No funds means less trades.
NYSE Volume 2,420,798,560
Down Volume 2,148,880,758 (89%)
Declining Issues 3,358 (85%)
New Lows 117
New Highs 15
Nasdaq 1,985,608,587 LOW!!!
down volume 1,932,290,170 (97%)huge ratio!
New Lows 2,445 (82%)
New Highs 5
New Lows 147
Crude $48.62
Nat Gas $6.53
Gold $776
Silver $9.37
Copper $1.62
DJIA 8149.09 down -7.7% -679.95
S&P 816.21 down -8.93% -80.03
NASDAQ 1398.07 down -8.95% -137.5
Quote of the day
Even if financial markets improve, economic conditions will probably remain weak for a time," Bernanke says. "In particular, household spending likely will continue to be depressed by the declines to date in household wealth, cumulating job losses, weak consumer confidence, and a lack of credit availability."
In the 2000-2002 bear, we had 10 days of 5%+ declines. Now we are at TEN. Now we will see that this is worst than the Nasdaq crash of 2000.
Trump Tower only half filled. Deutcshe Bank and Trump are suing each other. |
