Yes, swift selloff at the end, index calculation was lagging a bit...

Cesarnc's market talk, gossips, rumours & fun

Maybe But there's a joker: Rate statement tomorrow...

Cesarnc's market talk, gossips, rumours & fun

Dow close: -495 (-4.33%) Closed at the lows, july lows next. Expect a bloodbath in the asian markets tonight and oil/commodity-related markets tonight/tomorrow.

Cesarnc's market talk, gossips, rumours & fun

Sold off at the end...

Cesarnc's market talk, gossips, rumours & fun

Get ready to test Dow 11k!

Cesarnc's market talk, gossips, rumours & fun

Hmmm... Dow breaking the lows right now!

Cesarnc's market talk, gossips, rumours & fun

The U.S. stock market is trading surprisingly orderly so far today. Possibly "saved" by short covering, rate cut speculation and the Merill Lynch deal..? What's funny is that around 25% of the S&P500 shouldn't even be there any more... They are now ...

Cesarnc's market talk, gossips, rumours & fun

Yep! Don't forget, the we have the FED providing us with chinese water torture instead of a cleansing market crash. Should be plenty of downside potential, at least a 1000 points on the Dow. Watching out for 11k and 10800.

Cesarnc's market talk, gossips, rumours & fun

"Scary Clown" Poulson speaking. Watch out!

Cesarnc's market talk, gossips, rumours & fun

300 point downside action in the Dow futures, dollar and oil to the downside as well... Crude currently testing $100 from the downside!

Cesarnc's market talk, gossips, rumours & fun

The whacko price action in the dollar and Dow looks like rate cut speculation... Staying short dollars and long crude over the weekend (a.k.a. "lottery tickets") looks like fun. Who knows, something silly might happen... But if ...

Cesarnc's market talk, gossips, rumours & fun

Let's not forget to congratulate anyone who shorted EURUSD, GBPJPY and GBPUSD around 02:45, 03:15 and 03:20 GMT today! Personally, I didn't take that chance. But my charts show an even bigger range for EURUSD today: 375 (but this might be ...

Cesarnc's market talk, gossips, rumours & fun

...and counting! We're looking at global equity gains in the 3-4% range. The crooks responsible are probably popping bottles of Dom Pérignon right now, suddenly the "global slowdown" merely seems like a bleak memory... Hmmm... Right now, the dollar ...

Cesarnc's market talk, gossips, rumours & fun

Yep, it's crazy. Stuff like this can really mess with current trends. I suspect that several of the gaps won't be closed today. Maybe we'll get a crude rally as well..?

Cesarnc's market talk, gossips, rumours & fun

Gaps everywhere... Hank "Scary Clown" Paulson strikes again!

Cesarnc's market talk, gossips, rumours & fun

Right. 11700 violated. Truly moronic. Loss of 2.3 billion dollars @ Fannie Mae, war mongering Russians, rotten house and credit market, global growth declining, let's buy some stocks! Yeah! But they say the dollar is so strong, the oil price is so ...

Cesarnc's market talk, gossips, rumours & fun

Pretty wild moves..! Can't remember seeing -300 pips in EURUSD before. Is it just my bad memory or is this shit utterly crazy? ...and actually even bigger % moves against several other currencies! Makes me wonder why I closed my dollar longs on ...

Cesarnc's market talk, gossips, rumours & fun

Looking for a turnaround today. Possibly a "triple" turnaround, meaning: Dollar down Dow down Oil up But should be an interesting day anyway. Watching Dow 11700 like a hawk. Going above that point now would simply be too ridiculous ...

Cesarnc's market talk, gossips, rumours & fun

But I agree, if the oil price declines because of demand destruction, it's not a good sign for the economy.

Cesarnc's market talk, gossips, rumours & fun

A low oil price is good for the economy in general, at least in the short run. But the oil price is a very interesting dilemma. Worst case scenario is actually if the price stays too low for too long, leading to shortage, price shock and potentially ...

Cesarnc's market talk, gossips, rumours & fun