NASDAQ crash or just a correction?

[spdrun]

Discuss. Index is down about 9% from peak today, 10% puts it in correction land.

[Stoney]

Originally Posted by spdrun

Discuss. Index is down about 9% from peak today, 10% puts it in correction land.

Don't know about you but I'm up $2500 for the day.

[spdrun]

Originally Posted by Stoney

Don't know about you but I'm up $2500 for the day.

You shorty?

Indices were up briefly, but no longer. Then again, indices aren't individual stocks.

[INSIDIOUS]

Time to invest in Ebola related hospital supplies.

[Stoney]

Originally Posted by spdrun

You shorty?

Indices were up briefly, but no longer. Then again, indices aren't individual stocks.

I have 70% long term hold positions mainly in high yield electric and food stocks but 30% I play the field and yes I short when I see the opportunity.

It's all about researching the volatile stuff.

But today the ball is back in the upper stratosphere...the machines rule these days not humans.

[281lxm]

It's a market cap weighted index. Netflix and ebay are down sharply after hours, index will be down if it were to reopen right now.

I am a market buyer on weakness generally


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[spdrun]

Originally Posted by Stoney

But today the ball is back in the upper stratosphere...the machines rule these days not humans.

Disagree. Opposing high-frequency trades tend to cancel each other out. Also, the machines are programmed by humans. In the end, the humans still rule.

[Hatterasguy]

It can't go up forever, looks like a good chance to buy might be coming up.