So, the major indices have stopped rising. That must mean they’re going to zero, right?
Even with QE-Infinity remember, it is the end of the Fiscal Year for Funds of many types. They MUST DO SOMETHING. Selling winners and dumping losers is a legitimate strategy in order to secure the year-end bonus.
Of course, many stocks are blowing the fuck up and if you listen to the Candidates, we are either doing much better or screwing up big time. Take your pick as its the Silly Season.
Maybe I’ll eat a sandwich? Nah, too Plebeian…If you enjoy the content at iBankCoin, please follow us on Twitter