In spite of the indices up a little, there is significant buying in many risk assets today, stemming from oil to high valued restaurants.
Shares of SHAK are on the move higher today, as well as members of my TWDFM (these will definitely fuck me) stocks.
Taking a look at the broader market, one could easily see there’s interest to buy.
The bulk of the selling is ripping apart both the biotech and banking sectors, with a keen focus on the shares of VRX, whose decline is shattering both the hopes and dreams of many prominent hedge fund managers.
Aside from risk oriented stocks, both bonds and utilities are climbing too. I suppose there is a divergence of sorts taking place today amongst asset allocators. Either way, the market looks strong and should build upon recent gains.
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damn you Kuroda
@blahblahblah…It isn’t Kuroda, it’s the damn PBoC and that RR cut right after I went to sleep waiting for EU FLASH CPI data. The Market thinks OH THOSE China Banks (with all the ugly commodity loans on their books) will have to hold less money so they can lend more out to Commodity Speculators like it is 2009 is a good thing for the markets. Materials are up, but do you notice that Yen is stronger. Everyone knows that the Commodity for Speculative Financing Trade sailed in early 2014 except for the Algo Bots, Rally should fade, but OMG it really messed up my Nice Sweet Sell Off I was expecting today.
Tradingnymph, you must love Devil Dog when he talks in his video of “the Wonderful Great Depression.”
I mean “the Great Wonderful Depression.”
Me and DD are on the same page,lol. But the world made the Big Ugly Bubble, it’s not my fault. FWIW, lol, the only true rule in this game is that “Bubbles always Pop”. I just assumed that everyone can see them…which was my bad.
A little entertainment. I found an outlandish conspiracy theory about Donald Trump here:
http://www.whatdoesitmean.com/index2006.htm
So those commenters here who have never seen a conspiracy theory they didn’t believe, can believe and enjoy it. And the rest of us can have a good laugh.
The 1992-era HTML page formatting is impressive.
That’s intentional. The CIA did it so we would all dismiss it as nonsense.
Horror of Horrors. the Dow is off by a hundo.