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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: da_spot who wrote (18541)	4/10/2024 8:23:24 PM
From: Sun Tzu	Respond to of 26416

Just FYI - I believe that a 1% (max 1.5%) market drop from here will trigger a flash crash. If we make it to the end of the month without an incident, then up or down it will be orderly. But right now the market is too close to the edge and it won't take much to tip it over. Just to be clear, I am not saying that we're going to crash. I am saying that if NDX goes down another 1.5% (maybe even less than 1%), then program trades will take over and the index could drop 800 points in no time. I have a bunch of conditional trades set up for such a scenario. Conditional b/c I don't know if it will happen, but if it does, I will be so short the market that I won't reach my keyboard to write about it ;)