Way over bought.....don't know who's buying at these price....they are crazy. it's like giving free money away.
Sentiment: Strong Sell
ben #$%$ is buying
By law, the FED can buy agencies and treasuries only.
politicians and bankers dont abide by laws. How many bankers were arrested after causing the crash?
No one buying,its being traded back n forth to primary dealers,fed lets make a few bucks and take out unwanted shorts at profit......hello ,where you been,the cramer show?
This is also legal, right?
Then how come we can't do it?
I think it's time for another bailout.
It is way too boring.
Let's close a couple thousand ATMs in Italy!
That would be fun.
New purchases here receive free parachutes from banks and brokerages to customers.
Free bags too.
Money coming in from income and pension funds.There is just no place else to put it.
As someone pointed out over on elitetrader, if the people buying now were the last in line, you'd be right. But they're not. As long as QE is on, the market will continue to go up.
Added to SDS...this market is so overbought and in all the wrong sectors...defensive.