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With the market set to record its biggest opening gap down in months, ukarlewitz looks at the...

With the market set to record its biggest opening gap down in months, ukarlewitz looks at the last four 9:30 AM flushes. The market was higher shortly thereafter in each instance. Quantifiable Edges looks at occasions where the market gapped down 1% ahead of a Fed meeting - all of these turned positive over the next 2 days.
Comments (8)
  • Paulo Santos
    , contributor
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    People are already bidding up the NQs due to the pattern.
    23 Oct 2012, 09:29 AM Reply Like
  • Choosh
    , contributor
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    Or maybe they thought Romney didn't do well enough in the last debate? I think the market is correlated with Romney's chances.
    23 Oct 2012, 11:00 AM Reply Like
  • Anonymous 2
    , contributor
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    Choosh: So these past three and a half years during which time the U.S. equities markets significantly out performed most global markets, the market was not going up because the multitude of GLOBAL investors - NOT just the U.S. investors - were discounting the outstanding economic policies of the Obama Administration - BUT - rather - these millions of investors were - for these past 42 months - actually discounting the POSSIBILITY the Romney would win 2 to 3 or 4 years into the future and become the next POTUS?
    Brilliant observation !!!
    Be sure to ask Romney to be appointed to some really important position on his cabinet with decisive, informed and well thought out decision making as a desired attribute.
    23 Oct 2012, 02:19 PM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    The Primary dealers will continue to prop this ponzi scheme up as long as the Bernake continues to drop billions on them. If the market were left to be free, we would be heading much lower. One wonders how long he can keep this up.
    23 Oct 2012, 11:02 AM Reply Like
  • Realist82
    , contributor
    Comments (51) | Send Message
     
    I doubt that the last drops involved as many earning misses as this one!!!
    23 Oct 2012, 11:34 AM Reply Like
  • Laurent1962
    , contributor
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    VXX ..... :-)
    23 Oct 2012, 10:55 PM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (1874) | Send Message
     
    Lots of things are being 'propped'. The global economy, banking, currencies, etc., are all in disarray. I don't know how long they can continue to support the mouse over the edge of the table, but I have studied the money supply and their ability to stay liquid, and I suppose there are many tricks in their financial magic act that can keep this floating circus above the waves.
    I think, we will see great swings in the DOW in here, and as we approach the election folks are gettin' more and more worried.
    I am afraid of few things now, and the NGM's are on top of the list. Number two, is our porous borders. I know our military can handle events globally, but the NGM's have their hands full with our open border policy. Like ancient Rome, fell due to outsiders coming in and taking over. Just a word of warning. watch the back door, the front door is well secured.

     

    Capt. Brian
    The Lost Navigator
    24 Oct 2012, 12:42 AM Reply Like
  • Ray - Kitchener
    , contributor
    Comments (74) | Send Message
     
    Every major Empire has fallen throughout history due to greed, fear, war, power corruption, manipulation, etc. It is the US's turn. No matter who leads from here, the US is way past the point of no return. Be nimble from here. For the record I am net short Oil and SPX. I guess we could all put our $ into Facebook. 14 cents per share. WOW. A king's ransom. Stock price should be about $10 bucks tops.
    24 Oct 2012, 11:15 AM Reply Like
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