down even if it is good.
Algos are looking for reason to sell.
The slow moving algos has an upward bias, but daily algos has a pump and dump pattern.
It is so stupid that some big boys with decent bots will short for an easy profit, maybe just for the fun of it.
This "market" is getting really stupid.
double top. The stupid algorithm will pick up this "signal" for sure and sell again.
This is not even algorithm trading. It is lazy trading, probably done with a bunch of open source buggy program.
Not really. there is no wide spread panic in the market yet. Full scale short has to come much later.
In the worst case, this the top, and you miss the first 5% profit. Not a big deal if the you are looking a timeframe of about 6 months.
Not really. It is the dialing back of rate hike expectation.
bonds and stock market are now highly correlated. Not a good sign, but with the Fed finding more innovative ways to print money, this is not a big concern.
For insiders (big banks), this market is perfect.
This got to be complete algorithm trading.
random walk algorithm with an upward bias (still on going)
18000 short term target (done)
Waiting for excuse to sell. (getting started)
There is rate hike in June, Brexit, and rate hike talk again in July.
No more rally.
Then there is QE in September, and before the general election there will the talk about new QE and negative interest rate, the last ditch effort to juice up the market to get H elected.
Either Granny is targeting her comments on non economic or non finance undergraduates, or she is totally clueless. Judging by professor Mankiw's style, he will lead the Granny to some intellectual trap.
The Lady cannot survive a real Harvard debate.