RE:Major GAP down tomorrowWell that depends how much more the big investment companies have to sell off until they cover the shorts for a rebound. The banks for instance don't want to lose the monies lent to shorters.
Today is a simple game of bringing all the stocks down to cover the shorters so they can pay the investors they took the loans from. The bank wins and the shorters win because the big investment firms just buy up again at a lower price then the process starts again.
So yes for longs it will be a while before we get there.
What do you expect from a scam market and IROC rules.
Yesterday it was fear of recession fades in the news, today it is fear of global economy. It's all a load of BS to manipulate the economy. The trash they spew out in the daily news is just that, trash.