Fun stat...I read that the Dow is on it's longest weekly losing streak since 1932.
Bear thesis looks fkd for tomorrow
- Thread starter KCalhoun
- Start date
Fun stat...I read that the Dow is on it's longest weekly losing streak since 1932.
You know when the hacks on Bloomberg and CNBC are promoting the idea of capitulation to get the retail traders to keep buying stocks----the big boys (mutual funds, banks, brokers, hedge funds) are all short the stockmarket. They are just setting the retail traders for when the stockmarket finally drops and drops in huge amounts and there is a bloodbath.
Allow me to be you... 1923, not 1932.
Rarely does the most obvious trade work.
Near term at least.
This market hasn't been about fundamentals for many years. It's about screwing the most traders possible. With so many bearish right now, a strong bull run (even close to ATHs) would be par for the course, regardless of fundamentals.
It may not be about fundamentals, but it is about a dozen or so power-players with billions and billions in AUM and super-algo's written by computer scientists battling it out against each other.
There's no conspiracy to "skin the little guy". That's a fallacy. Retail is just along for the ride, the best we can do is play the chart near term. Long term, those powerhouse's aren't gonna buy garbage and get caught when their "enemy" turns on the sell programs with more firepower.
The level has reset.
New all time highs, or even close, are out of the question.
Noted, Nostradamus. If you're wrong expect this thread to be revived. For the record, your billionaire buddies were buying garbage hand over foot until 5 months ago.
