I agree,, some kinda news--
I just find it hard to make a bull case-- All they can come up with is " Short Squeezes" , not good enough methinks. Of course the " We're in it for the long term" crew haven't sold yet, but they won't for perhaps years. The inflows , except for the deduct at paycheque have cooled their heels, meanwhile the paper keeps coming. All rallies have no follow through, after the day shorts cover. I think even if Greeny gave a surprise cut, they wouldn't rally very far right now. The boner is gone, but hope springs eternal.
Even I get a twinge of remorse when they do their swoons. Bear's are downright hurtin. Volume disappears, no one makes a dime.
PS: ,, Another thing that I have noticed---- Many of my peers are absent lately, for part or some of the days.. The only real action is on the heavy down days--- The up's are mostly yawners--- Not a good sign IMHO.
PS#2: I'm long June OEX puts--- They could be the ones talking. |
