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:The major difference between the '87 & '97 plunges was the percentage drop
:and the panic factor. Don't recall the specific numbers, but they
shouldn't
:be difficult to find. It was a dramatic difference. If you can get data
:for the last quarter of '87, you'll see what I mean. It took about 18
:months for the S&P to fully stabilize. Spreads & Volatility were huge and
:post-crash Volume was low for months.
Yeah, but repeat after me: Volatility is good. Volatility is right.
Volatility works.
[replace Volatility with Greed and you've got Oliver Stone's " Wall Street".
;-)]
Some of us out here prefer high volatility because of our trading
systems...the more points it moves, the more money we make. As for volume,
when you're trading less than 5 or 10 or even 20 contracts, how is a low
volume situation going to hurt you? Slippage is going to get worse?
What I'm agast at is that people have been so ingrained with buy, buy, buy
and then hold when shit happens, that whenever we have a drop in the market,
people on this list are decrying the situation even though they can still
make money from it .
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