re: Cashin: The worst Monday of all, nearly 30 years on

Many on here and the other trading group I participate in get worked up over 2-3% in the S&P and Dow. 22% would be wild. That would be ~400 S&P points or 3300 Dow pts. A single S&P futures contract would experience a swing ~250% of the value of margin that is put up for that contract (a $20,000 move for $6,000 dollars of margin).