Should be quite clear by now to anyone who doubts that the market is rigged to the upside....till the election.
Canât you see the headlines in the back half of 2010. Jobs picture brighter as recovery kicks in to overdrive. Economy has fully recovered, we were all saved from total meltdown, says Allen Greenspan.
If everbody knows it's going up `til election day, won't that mean a serious tanking just prior to the election? How are they going to stop the mighty bull stampede when the bulls see all them bears ready to be let into the corral? And, can one take an analogy too far?
Everytime time we hit a new 52wk high just think of me. Just listen to whats it's saying. Hold on are we at a new 52wk high, is that Dow 11000?
isee index for past 5 days has been closing above 240, this is absolutly rediculous, then again thats what i've been sayig since june
Easy money, this truly is a risk free market, at least until the election. Next weeks CPI will show no signs of inflation, even as oil and gasoline climb. You see when you tinker with the inputs you can get what ever number you want. And right now we want a rosy picture. Is that Dow 11000, oh my!
The market is not rigged. If there is free printed money it will flow into the markets. in hindsight 666 ES was very cheap. Lets say you bought 666 future. Then you could only lose a maximum of of 650 ES points or 35,000 USD, no matter where the market went. even if the market went down more, you could have doubled down at 400, 300, 200. If the market is at 200 ES points then when you go long you can only lose $10k. Als those angry bears out there who thought we can even go to 300-400 without serious buying coming in are stupid. The risk to the upside was much greater at that point.