An important thing to ask, is when that point is that Everyone will get short, or everyone will get long... And for me... That is Everybody, every moron dope.
This Leeman thing, I just don't get it, why is it a whole market thing... The market data has been a surprise to the upside.
I tell you what is new...... After Months of fast response trading, where you can miss a move in 30 minutes.... We are getting much slower moves, nice clear moves that take a week to set up and react to.
Tuesday, June 3, 2008
Market Psychology
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3 comments:
How significant is the lack of positive market movement with positive news: moderate wages, lower oil, increased productivity?
Mr. market seems not to be believing this good fortune.
The market is scared, With Materials and financials moving down in the past 4 days. There was no leadership....
I'm sorry but I will never buy that "Tech" can lead this market, Certainly not in this economy. Especialy with leaders being stupid shit like RIMM and AAPL, That shit does not make my life better. and those are 2 stocks, and don't exactly employ 600 Million people(U.S. Population).
People have emotional memory, they remmember BS, and emotionaly we are trying to replay that... But, they can draw from the Fed, so they are not a credit risk.... They may be a shitty place to invest, but they are not going to Crater and create a financial black hole that will suck the Global Economy with it.
But... But.... But... +/- we have a bottom in the regionals... At lest some of them... But they are going to continue to trade Up and down 10-20%...
Look at FITB UB PNC RF MTB....
But I would suspect that we need to retest... but maybe not...
This is sector rotation Materials down, consumer and financials up..
The next question is going to be... When will materials Bottom.... that is the next question...
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