What if the beta buyers stopped for a few hours ? The autopilot SPU buyers took a break? - GS TO JPM, JPM TO GS...what if markets were allowed to trade freely for a few hours? What if someone bought AAPL up .60 cents this morning and was actually looking at a loss at some point in the day? What if the SPU buyers got stopped out on the downside for once? Today the dollar is stronger doesn't that mean that equities and oil are supposed to be down?? What if the fed actually took fedfunds to 1% so that maybe a saver would get some measly return - and not be forced to buy stocks?
Bonds are getting torched today, the bulls can say its a sign of economic strength, if you are me you see it as long overdue - why would people keep lining up to buy our (US) debt at measly rates when our deficit is insane and the democrats are reportedly considering another stimulus plan.
We had a selloff late last week - we had horrible jobs numbers and the market has rallied about 5% this week...the bulls are so arrogant, so complacent, so detached from the economic reality of the US.
Can I ask for a friday smackdown? I can but I know I wont get one.
JB
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment