The crash? Never happened!
The only people who got fucked were those trying to practice sound money management techniques. Those with stops lost their stock and many are out of the game. Now, a notable journalist, who’s name is a type of fish, wants you out of the markets completely because they are “broken”. No shit. Markets are only broken long enough to part you from your money. Markets are working perfectly for the big banks. Even Citi made money every day. No wonder Wall Street is so hated.
We will now pick up where we left off. Very quietly many stocks are up huge–and where they were early last week.
The FED has ensured that savers get penalized for saving by getting no yield. Now the market battle-bots have decided that anyone trying to be “safe” and limit their potential losses will be shaken out. Caution is not allowed. It is either all in or all out, all long or all short. There is no in-between.
At this pace we will be at 11k and 1180 by tomorrow. Mazel Tov!
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I guess technicals don’t matter? But we are still hovering below the 50 dma? Maybe that will provide some resistance?
Nah… I’m being silly. Robots are in charge.
Very indecisive here – still not buying anything
Best to wait it out in cash, we should have some idea soon
Your kidding, right? Almost every stock I follow and several of the major indices are testing last weeks highs…and the gains are just like old times, low volume and seemingly effortless…
But I will agree that there is serious resistance overhead. Same as it ever was…
Volume was awful even by the latest standards even if breadth was good.
An orderly pullback with some backing and filling would change my mind and get me back in though.
I’m with you there. But I think we’re back to the “same old, same old’. No more “normal” backing and filling, just rising and pausing.
… I just wanna know the “notable journalist” … whose name is a type of fish !
Not making the connection.
.
you put in on your bagel…
No worries.
I never believe a word of what Mr. Cream Cheesefish says anyway.
__
Sound money management practices? What is that? Since the bond rating agencies totally blew it everyone is on their own. Do the opposite of past practices, it’s opposite day. George Castanza got rich off his stock after Jerry sold at the bottom.
Right… If everything you do is wrong, then the opposite of what you are doing must be right!
HAH!
Gasparino is a fish?
I put cream cheese on my bagel.
This doesn’t help me …
what kind of fish is lox?
no one knows who felix salmon is Scott. lol
He’s become a rather influential tool of the liberal media…
I’m now convinced that the “smart money” no longer desires the entry of individual investors. Prop desks are going to trade between themselves until the next crash.
I thought he was talking about Lance Bass!
Scott
He said what he was trying to get across was that “volatility is good for traders, not investors”
Let me understand this ….Grandma and Grandpa make 3.5% per yr. for 10 yr note?
And your trying to make 3.5 % before lunch everyday? Rouge Traders, Fat Fingers, HFT’s…
no way to ever be safe .
Did you catch the CEO of Barrick Gold on Kudlow….that guy is a stud….says he is afraid to live in a World with $2,000 Gold….I can’t think of a more charged up financial scene since the Meltdown….I’d say we are at an inflection point…stocks will rise simply because it is the path of least resistance….0% for and extendend period (LIFETIME)
scott,
bang on, this game has always been rigged. I am just amazed at how blatant the manipulation is.
for a free market country, its really turned into a socialist mud hole.