Shorted STX @32.99, catch the highest point today, how low will it be? 30, then 25? Also bought FB at 18.46, expect it'll have a bounce at least, otherwise, don't know how low will be.
demand for stocks usually increases at higher prices, this low volume just means average joe aint in the market yet
Then how to attract funds flow into this market? One way is to create another bubble, just like 2000's IT and 2006's real estate. AAPL is such a bubble at the moment, but with this low volume, can this AAPL- manipulated maket attract money flow in? Note the reality is gas price historic high and no real growth in the US and internationally. People surrounding me are buying houses as they don't trust equity market. Then it's possible those value investors will back to equity if martket goes down a lot. What's Ben thinking?
Did Bubble ben bernanke announce QE3 the last couple of hours, lucky I went long UWM and SOXL, but already out of my UWM position, didnt think the market would turn so quickly. Amazing how quick those ISM numbers were ignored..... Job numbers this week and it doesnt matter good or bad markets will move up, bad number = more qe3, good number = return of a good job market. Cant make this stuff up.
Since around 2004, oil has kept stock bubbles in check. If stocks get too much higher, look for oil to challenge its March high...then look for both oil and stocks to correct. That relationship has been very reliable. No one feels too bullish when gas is around $4-$5/gallon (depending where you live in the U.S.)