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So does this market keep going up because of intermittent short squeezing, caused by the overnight uplifting of indices or individual stocks by manipulating futures or ETF's? Anyone mining intraday data to uncover who's behind it?
Seems to be others who believe that futures data is being manipulated at night.
This is like free-sex for everyone.
SEC is not concerned about efficient markets. Rather the SEC wants to APPEAR concerned about efficient markets.
After all they do have a $1B taxpayer funded budget.
Tyler - You wouldn't happen to mean the slum-traders that are working over the bankrupt GM stock that made the FT today? And they attribute it to the assumption that people are naive that it's "worthless". Far from it - they know EXACTLY what they are doing with the casino.
well said, TD.
how come no one ever asks about the folks who actively feed "sticker-symbol stories" to Bloomberg / AP bots who "report" them.
"The strong 2010 rally ahead of earnings season has investors wondering if 4Q EPS expectations have gotten too lofty and if companies will be able to beat by enough to keep the rally going," BofA's David Bianco writes. "Our view is that 4Q EPS will be impressive, especially at non-financials; and because this quarter is likely to be among a long string of rising quarterly S&P 500 EPS yet ahead, we encourage buying through the season as we expect the S&P 500 to approach 1200 as reporting concludes."
Possibly setting up another measured move up.
Of course it's going up. No reason to stop this train now.
So if you tell enough people "this market's heading to 1200" i guess these muppets all sit there and go "1200 ... but its only 1147 now ... i better buy"... and it goes there.
And the cycle of stupidity is repeated.....
Earnings , PE ratios? Traders don't give a fuck. They are in, They are out. The GS HTF machine makes it easy to treat stocks like Hookers. Today's market says don't marry a stock. The Four Fs rule applies to stocks. Find em, Feel em , F*** em, Forget about em.
I disagree, remember that the more sophisticated algos have memory and so the market has an upward bias (if market is AR(1), AR(2) AR(3) then the bias looks positive, if it is ARMA based, it looks positive as well). Unless the order books turn decisively negative in skew you will most likely see buying of dips across strategies.
The pattern works until it doesn't,
usually about the time most people
have discovered it.
For those that say the market has not
become crazy enough for a frothy top,
take a good look at record option stats,
the ultimate casino for fools...
" The less ya bet, the more you lose, When you win!"
Regarding the chart, notice it's making lower lows.
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