They folks responsible for this trading scam will keep using other stocks as a source of capital, so you should be able to gradually scale out of this scam and into physical cash / gold. Think of it as an unlimited alchemy opportunity to convert a deferred cash compensation ponzi into real assets with minimal interest rate, duration and counterparty risk...
For 20% of AMZN's market cap, true INVESTORS can call (because it is investors in domestic productive capacity that are getting hosed by these financial trading games...). GLD short interest limited by law. Maybe we get to send a few of the custodians (and all those who know about depletion) to jail if there isn't physical gold to support the GLD. At least the games end and we can start investing in domestic productive capacity rather than consumption and financial engineering/trading games....
Nope. I know that flows are completely unsustainable... I am positioned for what must happen and cannot be avoided, no matter how hard the infinite leverage boys try to manipulate matters... Looks like ZH might have caught the Fed fudging... Doesn't matter. Fed isn't in control anymore. Hasn't been for awhile. Our nation's future was sacrificed simply to try to shift losses from the banking sector to the public. It is an impossible task though because financial sector PROFIT share of GDP is completely unsustainable... The financial sector writ large is the bubble with respect to the real economy and will come back into balance, no matter how hard folks try to prevent it.
bulbtrader: "If you disagree with my explanation, just make your case."
There are so many things going on concurrently in the market. For all intents and purposes, to those who are not controlling the market, it is "random," and there's no way to predict with any level of certainty what it does mid or long term.
Because techstrategy "believes" he knows how the market works and make long-term bets based that belief, he loses money all the time.
My point is to separate short term market dynamics from the fundamental considerations of investing. I trade and invest, so I like to keep the two approaches clear.
If you think the difference between Amazon's price today and its price a month ago has nothing to do with long term fundamentals, then we agree that prices move for irrational reasons short term. And this irrational behavior can be accelerated now that the market interacts with itself in milliseconds.
That is for the market writ large, with AMZN oveweight in all the indexes, so institutions are really going to have to want to be foie gras.... All the actual investment funds have to do is let the float scam operators onboard all the risk to hide the games they've played...
It will be fun to watch those who accumulated this week sit on all this risk over the holiday weekend. Because once we get past the shortened holiday week, all the real selling will kick in...
"And that has enabled the crooked stuff Tech is talking about"
Oh, he's just a loser windbag. If this is crooked then the retracing from the all-time high is equally crooked. This is like some sports team complaining about the weather conditions as if the other side were playing on some other field. If this technology helped the price go down $50 in the last hour you'd be singing a very different tune indeed.
You and Tech just crack me up with your tales of woe caused by the new technology. A lot of shorts as far back as the stone age made many a blunder, the cause of it was poor judgement, not any lack or gain in technology.
I agree with that too. People can be too slow to get new technology, and the ones who see ahead often change the landscape for everybody else.
The market has new technology too. And that has enabled the crooked stuff Tech is talking about to go on steroids. It was always there, but now they have better technology. And all the psychological aspects of the markets like trends,bubbles, news pops, and such are all fed back on themselves in real time. Some things never change much, like how little critical thinking there is, how emotions drive short term price fluctuations, and how biases cloud price assessments. The herd (or maybe pack) instinct is still very alive in the market, and it is also empowered by new technology.