You may have missed my point. Rate cuts are not a surprise, even though the financial media will tell you different. The parabolic move off the lows has a cure for all diseases and long life for
everyone priced in......there are no surprises here dunrunnin, only the ones created as a self-fulfilling prophecy by the media, to serve their agenda.
I'm not saying this won't run parabolic right through the end of the year into January, because it could. Let me clarify....when I say go short, there are many stocks out there that are in fact short
candidates (slower growth, specific situations, etc.) I don't short the SPY or other ETF's, that's suicide.....But I still think a rally with no backing or filling or consolidation like this is a recipe for disaster.
This is setting up for what may be a blow off top. Read all the Yahoo finance articles today....I haven't seen this many giddy out of control articles since 2000. China's growth is slowing, so they decide to cut rates....not priced in after this parabolic move? And even so, it's an act of desperation, which is probably too little too late. Stocks are extremely expensive from a historical perspective....and they're driving this way higher today?
Today may be the best day to go short all year, because I'm predicting this move will not last. Anyone who doesn't sell into this rally is crazy.
I'm sitting this one out, way too risky. You really can't tell from the chart which way it's heading, which is why earnings plays have the most risk.
The media makes this Ferguson thing out to be the most important news story of our generation. Maybe they should focus on the embarrassing missteps of Gruber instead.....but wait, that would be responsible journalism....there's no such thing.
This is the lowest volume, least interesting, and lowest volatility market I've ever seen. And yes, it's all a scam.
Meant to say "I'm not sure there's anything quite like this......and I'm sick of all of it.
"100% rigged and controlled by the Fed, and the financial institutions." You left out one, the media. The sound bites have a lot to do with sentiment, a big driver of stocks. The media creates a
self-fulfilling prophecy, and it services all the agendas on Wall street. As for the parabolic move, there may be a precedent, but I'm sure there's anything quite like this.....
Institutions are probably net sellers from now, right through the new year. The average trader probably won't be able to realize this from the market indices and some stocks, but market up volume is way less than the down volume, and that's one way of telling. Of course we both know what the financial media will tell us.....
"Seasonality", "Cash on the sidelines", "Mutual funds have to chase stocks through the end of the year.".....It's all a game, and the only winners are the wealthy money managers and others on Wall street, while the losers are the retail investors and the majority of the country who are not in or can't afford stocks.
I've seen Federal inquiries take months to resolve, so I don't think it's a near term
resolution. Have you ever known the US government to move quickly on anything?
Today is the kind of drop you add, or build your position. This is a great company, well diversified, and under appreciated. It's also under the radar, which is fine with me.
Whatamarket, The Fed's MO has been if we pump up the markets, corporations will make huge investments in infrastructure and equipment which will create jobs and increase the velocity of money, and it just hasn't happened. So the truth is, they're really in a deep dark hole with no way out. If they pull the plug or raise rates too soon, they tank the markets and defeat their original purpose as I stated. So they're stuck, but they would never ever admit that.
You're right they have been.....and a big zero for the rest of the country and the world.....but I guess they don't care about everyone else.
It's all BS....I hope the Republicans completely overhaul the Fed. There's bubbles everywhere, and it's getting worse by the day.
I'm long, but you need to read up on the ramifications of a violation of the Sherman act. Lannett received a Federal subpoena recently regarding this. I have no idea how this will turn out, but I'm guessing this is why the stock has been under recent pressure.
Wow, they're #$%$ensoring my post, and there's nothing offensive in it! Unreal.
No bulls are allowed to appear on the show, and this means that no guests will appear on the show at all.
Why does the financial media think that everyone wants the markets to go up? Even longs want the market to fall, to buy at better prices.
It's spin....they continue to manipulate the markets, that's their entire mantra. They play good cop bad cop.
but you won#$%$ see that information on CNBC or elsewhere. On CNBC, they'll tell you to keep buying, because the "YOU" in that sentence, are retail bagholders. They know the only way their clients can get out with a huge profit is if they tell the masses to keep buying. Does anyone deny this strategy? If you do, you're naive.