Fully Deluded: Wall Street Rag

Just Buy On The Dips, Right?

Posted from Dealbreaker 45 days ago
Fully Deluded : Hedgie

Given that the Russian exchanges hit their circuit breakers earlier today following a 15% plunge, I suppose it's not surprising that markets took one on the temple right off the bat. S&P 500 futures had a 1-2% drop figured since they opened yesterday at 6:00 pm, but that didn't stop the actual index from heading down 2.5%, quite a bit below the active futures contract at the moment, as quickly as it could in the last fifteen minutes. It's looking like a grim day. Perhaps we need some more song and dance on the NYSE floor? Grasso wouldn't let this gloom pervade The Street if he were here to... (original story)