Moneymoney

Wed Oct 10, 2018, 03:35 PM

Update DOW 25598

NASDAQ : 7044

S&P : 2785

just in case someone's internet was broken....

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Reply Update DOW 25598 (Original post)
uncledad Oct 10 OP
Grumpy Pickle Oct 10 #1
uncledad Oct 10 #2

Response to uncledad (Original post)

Wed Oct 10, 2018, 05:09 PM

1. What do you think happened today with the deep loss ?

Rising interest rates ?

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Response to Grumpy Pickle (Reply #1)

Wed Oct 10, 2018, 09:36 PM

2. The FED said this months ago. Powell: rates will go up.

Every time Powell got in front of the media, he says he's going to do this.

So, not a surprise, but it is convenient as an excuse.

Off hand, I 'd say someone decided to sweep the boards and pocket the winnings.

Just what/who? Big hedge fund. Sovereign fund. Two possibles. It wasn't a retail sell off from the looks of it.

Some thing with lots of leverage and a willing partner on the other side of the trade.



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