It's unbelievable how many lies CNBC tells a day. MB keeps talking about these great earnings from companies that missed and the presentation makes you think everything is great. It's disturbing to say the least.
Thought this was a place for active traders to discuss trading and not an AOL trader wanna be chat room. Your post makes me wonder. Keep your wise comments to yourself thank you.
The only people that could be buying now are the public. All they see is the economy is great and earnings are great.
Watch the AD line and see if the inst's start dumping quietly leaving the little guy holding the bag again. Absolutely no reason for anybody to whine if they lose a boatload this time around. Plenty of warning signs.
The only ones buying big are the great liquidity pumpers--------you got to see it again today in the final move of the day. the institutions are pumping buy programs in stocks and futures at the perfect times to hold support when the news might just be bad enough to start many others selling. their timing is getting almost too predictable lately---------these are some good moves to piggy back because of the massive volume and price follow through. institutions were not pleased with the slap down yesterday. the hedgies are making a killing with the oil longs and they had the liquidity to hit the sell side heavy yesterday. no, today the institutions tried early to push the market back above the 1240s with no stick-------so they wait until the end of the day and jam that liquidity right up the markets a**! the market needed to be parked as high as possible for the midnight rally------- now don't you forget how the market loves super high oil prices, and don't even think that this could be a reason to sell this market yet. the institutions are way too vested with the long side for you to have any right to sell this market yet--------hahahaha! are you long for the midnight rally!
Hi Macro, Interesting. I saw that slapdown yesterday...especially on ER around noon. I'd imagine it is easier to whack the small cap at 30% of market value versus the 70% for SP500s. The late day a** jamming has gone on for the past 5 days. But I am interested to know why you think it is the hedgies--with long positions in oil-- are doing it. I agree they are very long Oil from the recent Commitment of Traders report. Any thoughts spotting the reverse... Institutions exiting stocks and Hedgies dumping oil? .. Perhaps another weak close like Aug 3? Stephen
the institutions are pumping the stocks and the hedgies are pumping the oil. the institutions are trying to put a hurt on the hedgies huge short equity positions {pump liquidity into the equities in an effort to make the hedgies cry uncle}. the hedgies saving grace has been their oil market atm----------oil market is the hedgies only main cash cow for liquidity needs. interesting how the days oil drops 1 to 2 dollars we have an equities selloff {hedgies taking oil market profits and hitting the indexes/stocks to try and keep this market from totally taking off and killing their huge core equity short positions}. we are watching the institutions who have lost out to the hedge funds for returns 3 years in a row starting to do something about it. this is a liquidity war and when this eventually snaps it will be violent. the hedgies are having a tough time with returns suddenly the last few months---------wonder what all of the sudden caused that. this is a turf battle-----------if you were fat, dumb, and happy for years {the institutions} and then a bunch of hot shots come in and start taking your clients, and your profits from those lost clients, what would you do------------ thats right-----start a war!