Have to love it. Good to be on the right side with the big money. Good news for homebuilders again but no worry of DHI participating. If they would fine these big brokerages for every time they colluded to control the market, they would be out of business. That is not going to happen as that is how gov't and wall street assure success for one another so one might just as well trade in sync. Being a senator of congress person is just a means to line their pockets.
The bigger #$%$, the bigger the hero. Jamie considered a hero while robbing the public. Rewarded with bigger bonus's and acclaim. Now the country will raise the QE so the rich can become richer so when the fall comes they will be out of the market and the greater part of the public will be dependent on the government for everything. We already see the control of the government in that if more debt not given it is whoever has the final decision considered at fault. The newer America is not going to be the home of the free and brave. We are moving back to the time of serfs and slaves. Rather ironic that Obama becomes the leader of this new beginning called change.
It is not weak hands. It is heavy shorts taking it down. They will cover for big profit and it will move back up some.
It is stumbling all over the place. Someone getting hurt as this thing keeps falling. Might just as well laugh. It feels better than crying.
Will need to break out of it's downtrend first. It has had great earnings the last 2 quarters yet it has sold off. Looking for the same think again. Len will give back much of it's gains also. Big money is short housing stocks. They move the markets which is why there are so many shorts. They will cover before you see any significant run up. Do not think that you will see that for some time..
They will eventually short TSLA. At present they are long TSLA. Just like they are short DHI. So TALA goes up and DHI goes down.
The financials now have so much money available that they are doing most of the trading. They collude with each other and control the market. Now the biggest and easiest gain in town is trading. Making 100 million a day or more trading results in humongous gains. Now they may have to short this market for a while as it is getting a bit absurd. Record market highs while many in America suffering is somewhat mocking the majority.
Have to admit I wasn't expecting the drop in FAZ to be this quick. Another multi year low as we close this market today after negative revenues in GS. They are no longer concerned with the SEC after they let JPM off with only a fine. Will only validate more fraud and corruption within the banking system. With the too big to fail and the consequences for causing any disruption in the system it is obvious that the financial institutions see it as a free pass. Looking for higher prices in C.
Raising debt limit and continued QE continues to put more money in the system The money goes through the financials. They make more money trading and there are more transactions resulting in more profits. Will see them going higher. No fear of any serious reprisal for fraud or corruption as we saw with JPM. The rich that are in power have always looked out for number 1. They will make sure that they will not suffer. Far cry from the founding fathers that founded the country.
The shorts have been in this since 55. They are laughing all the way to the bank. With growth like this and a PE of only 15 and it is getting clobbered like this tells one how rigged the market is. You are taking a chance when you buy any stock. If the big money picks on your stock to make money on the short side it is going down. They even do it on big names like QCOM. With the collusion no broker is jumping in now and buying to make a bundle on the long side. This will go lower and bounce around so the short can cover.
Continue to take out the bid. Wow.
So we have had a bull market making new record highs and my great buy and hold strategy leaves me with a loss after this sell off today. Who would have thunk it. Yes it is a WOW!
Today they will be moving it around in this 45 to 46 range for the short to cover a bunch. It is a great company that over time should move back up.
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.
I am not short but I did purchase some at 57. We are in a more manipulated market than usual with all the liquidity that Obama provided. Money awash in the market is the reason it continues up.
It has blown away earnings every quarter yet this is how powerful the big money shorts are. The FED continues to provide money(called liquidity) for these big institutions to control more of the market. Then they pretend that that they are doing something about the fraud when they give them the money to pay their fines. Nearly everything regarding Obama and his government is a farce.
We have went full circle again. They are back to telling you one thing and doing the opposite. Remember the mortgage mess 5 and 6 years ago with GS. Conviction buy for you. Conviction sell for them. I think conviction is just a figure of speech for them.