Just seems to be rotting at the core here.. I reluctanctly let my SSTI go too- and wish I dumped my INTC but they fooled me with the rally just before the close which actually now looks to be nothing more than short covering and its printing under $26..
Maybe they give me a small bounce tomorrow but going into a weekend with the market being like this? No way.. if it rallies? it will do it without me.. Risk is just too high and despite all the bearishness out there it seems that most people are holding onto positions that are deep under water and that tells me we could be setting up for a monster plunge here..
I was less bullish then either you or aj but I thought we would have some resistance/bounce at 2000 comp / 1120 S&P.
By Monday, if we don't close above those levels, I may just have to establish new short calls at these levels assuming their top of new trading range which until WED seems unlikely. By quiver of short calls have gone to practical zero liability. However, if we are sub 1100 S&P it will be very painful to hold onto my long side.
It is just too hard to pick the high growth stocks long only to have then drop somewhat less then overall averages in a down market.
there goes a year of gains out the window-- I hope that guy who was gonna quit work and invest his nest egg in this DIDN'T! Good luck to us all! This market is tough!!
Market Data 
Markets 
AI
