Wednesday, October 10, 2018

In Case You Missed It, the Mayhem Continued After-Hours.(YMZ8, U.S.:CBOT)

Correction: max drawdown was 870 DJIA points the night of Nov. 8-9 2016.
I may have been watching the Macedonian market. Or something.

Addendum: February 8 this year the DJIA was down  1032.89 during the regular session.
Original post:

The last time I recall the futures being off over a grand was when Donald Trump won the Presidential election 23 months ago and Paul Krugman said:
"It really does now look like President Donald J. Trump. And markets are plunging.
When might we expect them to recover? A first-pass answer is never."
That one kinda stuck in the memory bank.The futures recovered by the close the next day with the index up 250, a 1300 1100 point reversal.
I don't think that is going to happen this time.

Today CBOT December Dow Jones futures settled at:

25,437.0 -1044.0  (-3.94%)