Thursday, December 1, 2011
Unsustainable
This rally will not last. The market is broken, so you will have rallies that entice the marginal buyer but doesn't attract sticky money. Sticky money lasts through the ups and down. Right now, its all fast money chasing a rally for a few days and then selling. It is a game of buy now and sell to the next sucker at a higher price instead of investing. So the central banks will provide unlimited dollar liquidity. What's new. The Fed has done that since 2008. I will change my tune when the ECB throws in the towel and decides to print money like the Fed. It will happen, but only when their backs are against the wall.
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9 comments:
MO, I would think Europeans are not going to let the euro zone fall apart. What's the likelihood that the ECB starts to print money in a covert way, instead of coming out directly and saying so?
TIME TO SHORT INHX DAWG. 15.47 $$$
Dawg I am short 2300 shrs at 15.80. Bring it!! What what!!
I am moving into cash not gonna be a pig here
i am short goog, aapl, pcln, bidu
Will add more tommorrow if go up
Nice avg. up on INHX. I was too patient and wanted to short tomorrow morning. I could have nailed that sucker at $16. Oh well. Nice trade!
You always want to go long the
DAWG
DAWG,
you alive? i was thinking you lost a shitload of money in march 2011, the last time you posted on twitter. i was following you then.
I"m still kicking.
Took a little hit sometime last year and stopped trading and posting for a while.
I might start posting again on twitter.
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