if funds aren't buying the top ( ping pong to each other, of course) and retail is not buying from funds, then what could it be other than huge naked short by the bernake team
"""most overbought i have ever seen. meanwhile bonds crashing"""
When the market gets bad news and goes up it means the market is healthy. When the market gets good news and goes down that is a sign the market is weak.
obviuously its reckelss funds buying and short squeezing by Big BEN
most overbought i have ever seen. meanwhile bonds crashing..and that is bearish to me. we can't afford higher interest payments in this country let alone europe
the two pig farmers are buying. They are selling the same pig back and forth to each other for a higher price each time. That is the market. Someone will be left with the pig though. Always has, always will.
That's easy see the thread below "where's the correction?"" bears again have been betting on a correction and are getting their blank handed to them. That's why I keep saying wait before you go short. calling tops is not that easy.
how far can this go? Im saying dow 14100 or so. spx 1530(just a bit morefluff please). sold most of my PM's today. mostly cash. also got rid of any bond instruments that are tied to the 1-10yr treas. There is no compelling reason to be other than cash for me.
joe public is buying and doesn't know it. When your 401k match is turned over in the first week in January, the investment #$%$ put it all in the market at once (rather than dollar cost average) so they can get their fee's.
The buying is the funds taking the publics 401k money and buying stocks that the big brokerages are selling
joe public will be holding the bag on this deal