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Broken Beer Steins Scatter Wall Street


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It slipped more than 1% on Tuesday. The Nasdaq was up 3.9% and QID lost over 9%. Go through a few turnarounds and those 1+ percents add up to real money.

651922[/snapback]

 

I didn't know that. What about simple inverse ETFs (not double)? Any suggestions?

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black monday 2  :ph34r:

 

Emini S&P 1262.0 -29.5 -2.28

Emini Nasdaq 1679.00 -39.00 -2.27

Emini Dow 11765 -217 -1.81

651947[/snapback]

38.2% retracement from October 2002 low (768.63) to October 2007 high (1576.09) equals 1267.64. A 20% pullback from the high, the official CNBS definition of a bear market, occurs at 1260.87. ES = 1256.25 as I type this, but I expect a ferocious effort to defend these levels ma?ana. ;)

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From boys at the Financial Times:

 

http://www.ft.com/cms/s/619b6d18-f392-11dc...00779fd2ac.html

 

Wall Street waits for the next domino to fall

 

"However, on Friday, Lehman said it had closed a three-year unsecured credit line of $2bn from 40 banks. BofA anal cysts said that Lehman?s previous experience of enduring a liquidity crunch in 1998 ?could mean it is better prepared to weather the current storm?."

 

Priceless

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