This is why the market is a joke or put another way crooked.
You have 30 year mortgages at the lowest rate since June, home builders beating expectations each quarter and DHI still sitting new 52 week lows. Because the fraudulent traders like JPM. USB, GS only have to pay fines that the Fed provides the money for them to pay off they continue to control the market with an extra 85 billion a month in liquidity. It has become so overt and arrogant that the FED just laughs at we pions.
Yes, the markets are being manipulated & controlled by big money, so, what else is new.. Nobody is forcing you to participate in this questionable market, and instead of moaning and groaning about how unfair the market is, why don't you just get out. The market is no place for cry babies, all us retail investors must be aware by now that the market is the biggest Casino in the World and the odds are not in our favor..
Any intelligent person with patience can beat WS and the S&P 500. Yes, the system is unfair, but if you understand the game, you can beat the institutional idiots. Buy companies like DHI that are undervalued, sit back, and wait for the pps to rise. It's pretty simple, but most people aren't sufficiently patient.
Yes, but some of us peons get the last laugh. I can't beat a Warren Buffett because he has a better grasp of the intrinsic value of companies than I do, but I can beat 95% of WS money managers by using an approach similar to that of Warren or Peter Lynch.