Welcome, Guest

 or  Register
NewsFeed

Biggest one day drop in Dow history is coming
#91
What a day

What a week

What a decade

Hiding3
SkyCat  likes this!
Reply Share
#92
Markets do not crash from highs.

Indeed they nearly always crash from severe oversold conditions -- that is, on "local" lows.

The reasons for this are somewhat complex but come down to psychology. Every night some number of people wake up in a cold sweat thinking they're going to lose all their money. Some other number of people wake up with a huge, raging hard-on thinking they're going to make a fortune. They meet during the day, or even overnight now with the futures, and hit "buy" or "sell."


https://market-ticker.org/akcs-www?post=234430
SkyCat  likes this!
Reply Share