BREAKING: Futures indicating Dow set to open 1,000+ down TOMORROW!

[NewsCenter28]

https://www.cnbc.com/2018/02/05/sell-off-continues-after-hours--sp-500-futures-now-down-6-percent-on-the-day.html

Trump in crisis!

[LuckyCharms]

1. Yikes.

No bueno.

[american_ideals]

14. Leveraged ETF unwinding, it appears

[Laura PourMeADrink]

32. Etf?

[BlueDog22]

2. Tomorrow Will Tell

We will know what happens tomorrow when tomorrow comes.

[NewsCenter28]

3. Yes, but in past crises

Usually, the market quickly recovers in overnight after hours trading if its going to be a good Tuesday after one of these sharp plunges. For the futures to be so weak is a bad sign for tomorrow, at least at the OPEN. I could see a 1,000 drop at the open to end the day up by 1,000, but thats not healthy.

[Wounded Bear]

5. You could say the same about weekends...

There are often sell-offs on Fridays, which get turned around early in the ensuing week to stabilize or even turn back up.

This last weekend that didn't happen. Monday was worse than Friday. If it continues many more days, it could get serious real fast.

[NewsCenter28]

6. Yep, like the 500 point drop in August 2015

That was a Friday as well but bounced back very quickly with even a good Monday, I believe, which, like you said, was not the case here.

I just realized that I’m rooting for my own portfolio to get slaughtered here but I’d gladly sacrifice a few thousand if it wakes the Deplorables up to who Trump really is plus I’m 2-1/2 decades away from retirement anyways...

[BobTheSubgenius]

37. I totally take your point, and I don't even resent it.

I don't. I'm "the greater good" kind of guy, but I'll be 66 in August, and I don't really have decades for a portfolio to recover. Plus, it's already under $400K, so there isn't really much room for depreciation.

The good news, if there is such a thing in times like these, is that "my" portfolio managers managed to reach break-even in late 2009 after what was a pretty sharp downturn, to say the least. That's a comfort, if nothing else. They are pros, obviously.

I just hope I don't need their legerdemain again. Or you, for that matter.

Cheers.

[american_ideals]

16. Look at VIX and XIV. Wow

[uponit7771]

19. XIV is about worthless in premarket !! WOW !!

[democratisphere]

4. Hopefully things will calm down overnight.

There sure is no one in this WH to calm investor's fears; hell this WH is the damn fear.

[roamer65]

7. The market is overvalued by about 40 to 50 percent.

All of the Federal Reserve QE money has created a very large bubble. That bubble may be popping.

[nmgaucho]

8. DO SOMETHING TRUMP!

hehe

[left-of-center2012]

9. It's Obama's fault

Or Hillary !

[joshcryer]

10. So according to the circuit breaker they will halt for 45 mins if it drops another 50 points.

And that will really help trading, I'm sure. So much margin debt out there.

Another 13% drop to halt trading for the day is totally conceivable.

https://www.nseindia.com/products/content/equities/equities/circuit_breakers.htm

[mnhtnbb]

11. Running about off 915 now.

Will be interesting to see what happens and whether this becomes a long over due correction or a turn to a bear market.

[mnhtnbb]

12. Now -890 in the time it took to post.

Will the direction continue?

[NewsCenter28]

23. Back to 960 down

I suspect we will be seeing a joint statement from the ECB/Fed with perhaps some monetary easing measures in the morning to halt what is now looking more and more like a market calamity.

[NewsCenter28]

24. Also suspect global central banks are in emergency overnight meetings now

Perhaps a 0.25 to 0.50 emergency global interest rate cut, coordinated, again like in 2008.

[NewsCenter28]

29. Now down 1125! OK, starting to get a little scared now-n/t

[uponit7771]

13. Gold is up too, watch the VIX and the 2 yr T

[IronLionZion]

15. It's been Trumped up for the last year and due for a correction

I would avoid making any rash decisions at this time and wait patiently until things calm down.

[dawg]

17. Something funky is going on with regard to the XIV and the VIX.

Especially the XIV, which is, if I understand correctly, a way to bet on low volatility. It looks like the whole damned thing is going to be wiped out. Someone, who thought they had a clever trading strategy, is about to get majorly crushed. I just hope there won't be too much collateral damage.

[uponit7771]

20. Credit Suiise had a big position there, they've lost almost half a billion if this holds

[dawg]

22. I heard the terms of the XIV called for a forced liquidation if it has a one-day drop of 80%.

If people were levered up to buy that crap, they'll have to puke up everything else they own just to cover their debt.

Tomorrow could be interesting.

[NewsCenter28]

25. Stunning whats going on in XIV-n/t

[uponit7771]

28. Just wow !!!

[sakabatou]

18. Now watch has every right-wing news outlet blames Obama

[uponit7771]

21. +1, Clinton's private email server crashed the market while selling pizza's /sarcasm

[Hugin]

39. But... But... But... The memo!

[Orrex]

26. We need tax cuts for the super-wealthy immediately!

NOTHING ELSE CAN SAVE US!!!!!

[Hugin]

40. This calls for EVEN MORE...

Financial Regulations cut to the bone!!1!i!

Oh, yeah and more tax cuts!!!(one)!1!!

Do you want to start a countdown clock until we hear that or should I?

[Initech]

27. Fox News will blame it on us somehow. They always do.

We cannot let them keep getting away with it!

[MontanaMama]

31. I'm 10 years out from retirement.

This is frightening.

[kimbutgar]

30. This feels different than 1987 and 2008 the market will go down by a large margin Tuesday

Global markets have lost confidence in the US. He proved himself as an idiot in Davos. This is the Putin/ Twitler payback.

[Laura PourMeADrink]

33. Watched cnbc all day...unknown is the effect

of FEAR... I lost retirement money in 2002 and 2008...so perhaps many like me..who waited too long to get out then...don't want to lose it all again now.

[uponit7771]

35. In 87 money moved to bonds which were giving more money and were stable now

... bonds are giving less returns than stocks.

I think its a 'correction' but when it will end is the key here, don't think its a structural crash like it was in 87 (which wasn't really structural just cash moving to bonds) 01 and 08

[sarcasmo]

34. @Foxnews it's Obama's fault.

[elmac]

36. and i just put all my savings in the market

I'm writing a strongly worded letter to my broker, Dewey, Cheatem & Howe!

[davekriss]

38. At 1 AM eastern Standard Time, it's fallen to -428

But that ain't chump change.

The NASDAQ and S&P are doing much better, not in green territory, but close.