Quote:
Originally Posted by Pixel Shooter
Biggest drop in a long time. Be an interesting week. Would like to see more red and bigger correction 🙂
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You may get your wish.
The SP500 has only experienced a day where it lost more than 4% and recovered to end the day positive only two other times since 1977. Both times in October 2008. I remember that year lol.
October 16/08 intraday down -4.63%, closed up 4.25%.
October 23/08 intraday down -4.28%, closed up 1.26%.
Info from Bianco Research.
Shopify swung 23% today.
BOC rate decision and FED meeting this week. Market is busting there chops. See what they do/say in reaction to this selloff coming up. It could go big in either direction depending.
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