When You Run Out Of Reasons, It’s Tipping Point
Rigging is mentioned a lot this weekend in all the alt news sites. Too many sour grapes out there.
| Zerohedge | Charles Biderman : The Problem With Rigged Markets |
| Goldcore | Gold and silver market rigging gets too obvious even for Bill Buckler and Jim Grant |
Latest one :
| China PMI : Divergence or Manipulation ? by Steen Jakobsen, Saxobank, 2 April 2012 |
But the bull continues to rampage on.
When you run out of excuses, here is the best one.
Buy the S&P because April has been positive for the past 4 years. And it is not just the past 4 years. In fact, the only time SPX has been negative in the past 10 years has been in April 2004 and 2002.
Dangerous when people all start to think, “If Greece can Do It, So Can I.”
I don’t want to be pessimistic anymore ! Research shows that retards and babies make better traders because they don’t analyse, as inferred from the article below.
| The Characteristics of Right Brain and Left Brain Thinking : Business Insider, 31 Mar 2012 |
It is too hard to say no though. Even with these headlines, EUR/USD is going up.
| Roubini : EUR must depreciate to spur growth in EU periphery, 30 Mar 2012 |
| Retuers : Norway Oil Fund To Cut Europe Bond Holdings to 40% From 60%; Hold 70% Govt Bonds 30% Corporate Debt, 30 Mar 2012 |
This is market positioning ? or people just throwing in the towel to manipulation ? Or probably both ?
You know when you have that sick feeling in the pit of your stomach ?
That’s how I feel right now. Like all us lemmings are about to tip off the cliff. 