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  • slider5x5 slider5x5 Apr 19, 2013 3:33 PM Flag

    Stupid Money piling in now

    GOOG misses top line estimate and it goes up 30+ it should be down 15 from yesterday

    so now we know stupid money is chasing

    I guess we will need the next catalyst to scare the poop out of these stupid money managers and hedgies

    seasonal play should do it - chorus was loud for a correction but when it did not happen just before it did you guessed it the idiots were jumping head first into the shallow end - a little bit of negative news China GDP coupled with the horrible events in Boston and the dumb money scatters out of mkt like roaches.

    point is there will be a catalyst - probably macro data which will drive a correction - we just need more dumb money to pile into this and other stocks chasing yield before it happens in a significant way.

    note it did not take much to get pessimism up when the dow was dropping triple digits

    bank on it

131.29+1.60(+1.23%)Oct 28 4:00 PMEDT