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RANsquawk Market Wrap Up - Stocks, Bonds, FX etc. – 05/10/11
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These last minute market rallies are bullshit!
Guest on CNBC confirmed what most of us know. Over 80% of trades are strickly HFT machines.
She said most traders have left because they know the market is rigged.
Guess What, she is right. Stay in Cash and listen. Many say better opportunities are ahead.
When I hear the S&P fell under 1000 I will start looking. Until then. It is 100% Cash and NO Stocks.
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