On Monday I’d asked you guys to answer my poll question of who’s more scared, the bulls or the bears. The results were surprising to me in how overwhelming in one direction they were ”” The bulls are more scared. I had 70 responses and it was 61 Bulls, 9 Bears. The way to think about this “Who’s more scared” poll is that it generally works as a great contrarian indicator when it’s this far skewed to one side.
The market is ignoring bad news, which is positive.
But the news has been truly terrible, which is negative.
http://www.bloomberg.com/news/2012-...p-2011-peak-as-september-bets-lost-21-1-.htmlShort sales on the New York Stock Exchange have climbed above last September's peak, a level that preceded a five-month rally and heralded losses for bears.
Shares borrowed and sold reached 5.35 percent of stock available for trading last month, according to data compiled by NYSE Euronext. (NYX) That eclipses 5.28 percent on Sept. 15, when bearish bets peaked last year and the 25 most-shorted companies in the Standard & Poor's 500 Index (SPX) began a 21 percent advance, data compiled by Bloomberg show.
I think I've just read the perfect tweet re the S&P500/US equity mkts in general, went something like this:
Yeah.
EG. last night's retail sales figs in the US ... not just in isolation but the past 3 numbers now ... awful ...
And yet here we are at 1350-ish ...
Then there is this to consider:
http://www.bloomberg.com/news/2012-...p-2011-peak-as-september-bets-lost-21-1-.html
Bernanke testifying this morning.
No.T, are you referring to the Soros theory of.......gasp........a manufactured uptrend?
The Bloomberg article shows there is plenty of this to be done.an uptrend made of covering,
How not to add value on ASF/to your trading: repeat same tired sarcastic comments about Fed and government; argue with others; act partisan
The chart below is an attempt to subtract out the Fed Liquidity Facility from the non-Eurozone deposit balances.....There is no question ... that the increase is driven by either Switzerland or Denmark (or both) defending the currency peg, buying euros and depositing them at the ECB. And the sellers of those euros are Eurozone's citizens trying to convert their money into other currencies.
Bespoke @bespokeinvest
The 100 S&P 500 stocks that pay no dividend are down 1.3% MTD. The 100 highest yielders are up 1.02% MTD. $$
ya think the Hamzei is tad harsh on the doug ?
ya think the Hamzei is tad harsh on the doug ?
View attachment 47994
actually, he's wrong about the call and the dougy has made some good calls
Yeah I haven't read any of his stuff for a long time but I used to. They were mostly pretty sound and timely calls.
Who is Dougy?
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