Is it feasible that this whole rally is simply an opportunity for the big guys to get out? Why are news hubs no longer publishing on the banks' insolvency issues? This feels so Orwellian. Am I being taken in? Am I a fool for shooting glances at FAS/FAZ, or am I just human? This whole market run up reminds me of two kids fighting over a stuffed animal, only to have the thing burst open in the end. I do not subscribe to conspiracy theories, but perhaps I am living in ignorance because of it. I guess the bottom line is: does it really matter? Fake it till you make it, so long as everyone is willing to go along with it.
Excellent post. Great insight. But No conspiracy. You have to trade this market and this rally was expected and was great for traders. The markets do as the markets do. I don't care I Trade. The markets have tanked, rightfully so. But with any major market tankage as we have had there HAS TO BE BEAR MARKET RALLIES at some point. We have gone done so far that a BEAR MARKET rally was and is expected and an opportunity for savvy traders. If you believe that the economy and earnings will be in jeopardy going forward than take selective short positions. No conspiracy. You just have to be a smarter and more savvy trader than the BIG BOYS. Good Luck. Happy Trades.
What do you do with gaps (morning gaps)? They gap it, and you make little. Everyday there has been a gap. You find that normal?