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Sterne Agee Warns, The Correction Hasn't "Fixed" Anything
The 76% retracement S&P 500 rebound was so quick and so steep that Sterne Agee's Carter Worth warns it "suggests that the mentality that fosters complacency and excess in the first place, remains in effect. And that means, of course, that nothing has been corrected."
Low volume bounce squeeze "fixed nothing"...
As Bloomberg reports, Worth adds that uptrends have been broken worldwide and rebounding stocks are back to "difficult" levels where sellers may re-exert control.
Charts: Bloomberg
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QE4 already working - you can see it at the picture
Is that the one where they're buying subprime car leases and student loan debt?
BTFD dipchits back on the long bus for the next sheeple slaughter.......the boyz are back and theyre gonna rap yo azzes for gettin' back on ......gl sheeple the only way they can bring back the QE is to take this market DOWN
What fucking correction?
the jawboning of QE4 and ECB QE is all that's needed to send Pavlovs BTFDers back in for more....I hope they all get kornholed, soon.
nah. they need to allow more of a reset. i am sure they are praying like hell for a scapegoat to use as a distraction. i am sure the Fed would CELEBRATE a low-scale ebola outbreak.
...where sellers may re-exert control.
True sellers want the best price they can get. What he means to say is that bear manipulators may get the upper hand over bull manipulators (which I don't believe either).
what the author is pointing out is that present prices are about what a reasonable seller would expect he could get, "the best price"; and when the prices go down it is because sellers are selling.
so with real estate or commodities a seller's market means that prices are rising, however, with stocks this is not the case because sellers are trying to drive the price DOWN? there is no market, there is only the fed financed casino. there are no sellers, there are only naked shorts.
Sure nothing's fixed, but who cares? That's not important anymore, we need to hear about when the Feds starting QE 4 for more free money! YAY,
All I know is Billary and Grandma Yellen will really look convincing on the teevee splainin' their recovery plan in '17 .. . hahahaa .... wooohooo
Oh and don't forget, we got another Bush runnin too! For fucks sakes.....
NWO has the election in the bag....hillary and another bush. They cant lose.
No doubt.
Don't be surprised when people are actually buying their BS.
Carter Worth, have another T-Bone at Primehouse you fat fuck
what correction?
I agree with Mr. Worth.
This market is so easy to trade, just BTFD
Hey if you dipshits think that some stinkin sell off is gonna fuck with my options guess again. I got my buyback boys wworkin the pump as we speak. All you shorts can go suck wind.
What correction?
Historians will call this the only depression where the stockmarket went up.
But they will call it a depression, since 2007
It should go down as an extraordinary time of distortion and manipulation. We are all waiting for the next chapter, we do indeed live in interesting times.
Be careful out there!
nothing is really different. The Federal Reserve has failed to take serious efforts in pushing the government to take the necessary reforms needed to move the economy forward. Policy makers aided by the media thrive at presenting simplistic answers that solve both economic and society’s problems with little or no effort required from the masses.
What started as a program to support and prop up the economy has morphed into the main driver of economic data. Between the low interest rates that has propelled investors into high risk assets in search of a positive return on their money, and money being pumped into the system, the markets have become distorted and disconnected from the economy. The idea that investors will continue to pour money into the sky high equity market is flawed. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/06/exit-strategy-from-qe-remains-elusive.html
With the Fed not extending QE as some actually believe, I think we will retest those lows within the next few weeks.
An Ebola outbreak IS BULLISH.
It took a couple of weeks to drop 185 points, big fuckin' deal.
This market has been over priced since 1100. That would be a correction.
He is correct about the correction. It did not correct anything.
You are correct!
mega buybacks move prices to ath, spx companies have fewer cap ex opportunities and use mega cash for buybacks. This is for djia and spx,,,,small cap companies don't have the cashflow so its over for the $rut. oil companies are using cash for buy backs not more drilling.
'fixed' is a funny word isn't it.
'fixed' also means rigged. the correction and the qe and entire system is fixed alright.
Was there a correction?
You are correct sir. The high volume sell off was corrected by the ol gap and go.... low volume, pump and push. This shit never gets old?