First, where is the outrage when after bailing out the banks and financials, those same turned around and with that money and FED assistance thru free money turned banking into a fun house of trading, racked up TONS of profits (GEE did they know anything?) and now stand to hand out a RECORD IN PAYOUTS??A RECORD....seems a fitting punishment. These profits gotten from PUSHING the stock market UP.....60% of NYSE VOLUME is coming from HFT..high frequency trading....
NOW the PUBLIC is not flocking back to the market, if a 60% RISE can't entice them is what will? This is unprecedented, can the usual "dumb money" turn into smart money"? would be fitting!
The little volume in this make believe rally is coming from ALL THE PLAYA'S....many who lost their asses...now making up for lost time.
BUT, if the public and so called side lined cash, much hiding in bonds can't be flushed OUT....the FED has been trying....this NEW PONZI scheme is going to crash like a tidal wave, with NO ONE TO SLOW IT DOWN.
NO ONE is talking about the shitty volume, UNCHARACTERISTIC of bull markets.
I recently posted a chart of the 200 and 400 week MA's....and pinpointed as well with FIB retraces a likely spot to halt this rally.
Not since 1980 BULL WAS LAUNCHED HAS PRICES FALLEN BELOW THE 400 week. as WELL WE BROKE belOW PREVIOUS BEAR LOWS IN 2002...FOOD FOR THOUGT
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There is no volume. No one made any money . It is all fake, so all bears , do not worry. Our big collapse is here now. The top is in, we will win.S&P 500 is going to 150 , our Big D will take us there.
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