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galvinlee888

Registered: Dec 2008
Posts: 645

01-13-12 08:22 AM

Market is going up gradually since 1/10, every sell order is meet by a buy order, obviously someone is buying.

May be those IQ =80 fund Manager who make 5 million a year (from fee) is buying again, after they are under perform market last year ?

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hkrahra

Registered: Dec 2011
Posts: 383

01-13-12 08:30 AM

IQ,maybe...

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TILT2

Registered: Oct 2011
Posts: 360

01-13-12 09:22 AM

Fed has been buying it...

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Lucrum

Registered: Dec 2003
Posts: 31281

01-13-12 12:59 PM

Quote from galvinlee888:

Market is going up gradually since 1/10, every sell order is meet by a buy order, obviously someone is buying.

May be those IQ =80 fund Manager who make 5 million a year (from fee) is buying again, after they are under perform market last year ?

Sounds like someone is short and under water. That always sucks.

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noob_trad3r

Registered: Nov 2008
Posts: 1733

01-13-12 01:02 PM

What is funny is the TV pundits always seem to tell people to sell when SPY was trading at 107-121

and now at 129s they are telling people to buy.

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newwurldmn

Registered: Apr 2011
Posts: 2617

01-13-12 01:23 PM

The pundits aren't trying to make you money. They are trying to sound smart. If they are bearish when the market is going down it sounds as if they had been bearish the whole time. They sound smarter; they can increase their brand; and then they can sell whatever they are trying to sell.

Everyone in the market has a personal motive and often it's not to make profits through speculation or investment.

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