As If Bear Has Not Been Screwed Enough - Now They Want To Castrate Him!
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Quote from Ivanovich:
Buy this "dip".
Bullsh*t.
That was a blow off top. Distribute into the new high.
Ran up yesterday on no volume. Spiked again this am on no volume now the sell programs are crushing it gentle lower.
Planned distribution. By the time everyone figures it out the distribution will be nicely completed and then the gauge as to whether more money is on the way.
Kospi overnight did the same exact thing.
Hmmmmmmm.......
So someone who caught a few hundred percent in a few stocks here and there since March 2009 low or even someone who invested at the end of 2009 and still made 10%, 20% maybe even 30% should still be holding on, someone needs to wake up and realize its time to take most, if not all profits off the table.
Why Selling This Market Makes 'Very Little Sense': Nomura Research
Published: Friday, 12 Mar 2010 | 11:14 AM ET
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By: JeeYeon Park
CNBC News Associate
The current market "is very much based on fundamentals," said Paul Schulte, head of multi-strategy research at Nomura International. He told CNBC what he's watching "as we move into Monday."
âThe world is awash with liquidity,â Schulte told CNBC.
âI think selling here makes very little sense, when equity markets are built on credit markets.â
The credit markets are telling us that thereâs more to go on the equity markets, he added. He told investors to watch the following four points ahead of next weekâs trading:
1. Sovereign credit default swaps "are rallying like crazyâtheyâve come down tremendously in the last week or so," he said.
2. Investment grade and high-yield creditsâ"Some of them are getting to year lows," said Schulte. "The rallyâs amazing."
3. Emerging market credit defaults swaps in the sovereign and the corporates are also "rallying like crazy...Some of these are reaching all-time lows in terms of rallying, so all time high prices in terms of credits."
4. Liquidityâ"That TED spread that everyone thought would never go below 1 percent just hit 10 basis points yesterday," he noted.
So someone who caught a few hundred percent in a few stocks here and there since March 2009 low or even someone who invested at the end of 2009 and still made 10%, 20% maybe even 30% should still be holding on, someone needs to wake up and realize its time to take most, if not all profits off the table.
Why Selling This Market Makes 'Very Little Sense': Nomura Research
Published: Friday, 12 Mar 2010 | 11:14 AM ET
Text Size
By: JeeYeon Park
CNBC News Associate
The current market "is very much based on fundamentals," said Paul Schulte, head of multi-strategy research at Nomura International. He told CNBC what he's watching "as we move into Monday."
âThe world is awash with liquidity,â Schulte told CNBC.
âI think selling here makes very little sense, when equity markets are built on credit markets.â
The credit markets are telling us that thereâs more to go on the equity markets, he added. He told investors to watch the following four points ahead of next weekâs trading:
1. Sovereign credit default swaps "are rallying like crazyâtheyâve come down tremendously in the last week or so," he said.
2. Investment grade and high-yield creditsâ"Some of them are getting to year lows," said Schulte. "The rallyâs amazing."
3. Emerging market credit defaults swaps in the sovereign and the corporates are also "rallying like crazy...Some of these are reaching all-time lows in terms of rallying, so all time high prices in terms of credits."
4. Liquidityâ"That TED spread that everyone thought would never go below 1 percent just hit 10 basis points yesterday," he noted.
http://finance.yahoo.com/tech-ticke...ood-as-wall-street-says"-437941.html?tickers=^DJI,^GSPC,xlf,uup,tbt,FAZ,FAS