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SPDR S&P 500 ETF Message Board

  • aeronchampagne aeronchampagne Oct 21, 2011 8:29 AM Flag

    Why this market is so annoying

    Lets say you have a golf tee time with your boss at a course an hour from your house. You get up in the morning and the forecast is bleak with heavy storms coming in about 3 hours. You like to play golf and your boss wants to play, so you make the drive and get ready to tee off about an hour before the storms are due to come in. You start off playing well, but you can't really enjoy the round because you see the clouds swirling above and you know the fun may end at a moments notice.

    That is the US stock market in October 2011.

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    • Let me tell you why.

      Because corporations inflated earnings on questionable accounting practices.

      The mutual and hedge fund industry root their existence from hyper leverage-volatility that has inflated a subset of momentum name issues to maintain their NAV-Commission-Fee structure.

      Check the institutional holdings on those names for verification. I need not spell out the Egg Men here. It is transparent.

    • Yes,there are imminent signs around the course that common sense tells you to take cover. After all,dark clouds in the past portended a big storm. Right? Yet,you see other golfers keep on hitting their shots oblivious to the bad weather. But then the storm goes around you for some odd reason and you are left frustrated wondering why you didn't just keep on playing. Now you start again and you're finding you lost all that time sitting in the shelter while you could have been enjoying your round like the others who kept on playing. Nuts,isn't it?

210.50-0.32(-0.15%)Jul 31 4:51 PMEDT