Black thursday.

[scriabinop23]

Quote from S2007S:

Funny how the Russel always loses more on down days,

today

NDX down 19

Russel down 19


on up days when the NDX is up 20 the RUSSEL is up around 8

CFTC cot shows a HUGE net short interest on russell vs the other indexes.

Thats the fashionable spread trade. Short russell, long nasdaq.

I guess the big players feel this is the easiest way to broadly short the housing/mortgage game, or at least hedge their small cap positions.

when er2 comes back, its going to be beautiful... It just might be from much lower levels.

 

[Cache Landing]

Quote from S2007S:

Funny how the Russel always loses more on down days,

today

NDX down 19

Russel down 19


on up days when the NDX is up 20 the RUSSEL is up around 8

Weak RUT strong NDX is the typical late stage bull market scenario. Money leaves small caps first in a weakening market and large cap techs last.

The selloff won't happen for real until large cap techs selloff and the Yen carry unwinds.

 

[krazykarl]

Quote from kashirin:

ES -20

We need emergency rate cut now!

Back in your hole....

 

[krazykarl]

Find a company with a buyback going on, and a segment spinoff a-la EMC-VMWare wouldn't be bad either. CPWR comes to mind.

 

[scriabinop23]

Quote from Cache Landing:

Weak RUT strong NDX is the typical late stage bull market scenario. Money leaves small caps first in a weakening market and large cap techs last.

The selloff won't happen for real until large cap techs selloff and the Yen carry unwinds.

'typical late stage bull market scenario' ?

You act like this happens every few yrs.

 

[Cache Landing]

Quote from scriabinop23:

'typical late stage bull market scenario' ?

You act like this happens every few yrs.

Not every few years, but there've been many bull/bear markets over the last century. My post was pretty much conventional market wisdom and common knowledge as far as I'm aware.

 

[scriabinop23]

Quote from Cache Landing:

Not every few years, but there've been many bull/bear markets over the last century. My post was pretty much conventional market wisdom and common knowledge as far as I'm aware.

my point: how many bull markets have we actually had end with 'large cap techs selloff' by definition besides the last one? Before this last bull ended, large cap tech was not such a meaningful component in the market.

 

[Pa(b)st Prime]

Quote from scriabinop23:

my point: how many bull markets have we actually had end with 'large cap techs selloff' by definition besides the last one? Before this last bull ended, large cap tech was not such a meaningful component in the market.

Cache makes a true point. In the go-go 60's markets (that always resulted in 30% selloffs) there were stocks like IBM, Polaroid, Texas Instruments, EDS ect. that outpaced the list in the last stages only to top and take the weak sisters back to the lows.

Anyone who thinks that the future of equity valuations is predicated upon music players, text messengers, search engines and ugly plastic shoes will be rudely reawakened. Just my depreciating 2 cents.....

 

[crgarcia]

Quote from Wayne Gibbous:

CNBC - Quick, replay that Cramer sobbing and crying tape!

We need Monica Lewinski to get a part-time job at the Fed...

 

[gobar]

where is forex_trader...

like to ask him about GRMN?