|
Keep in mind that the houses are infinitely more short-sighted than the average investor. They only look at daily profit and loss, and that means commissions from trading. If they can move the market and create trades, they don't care if the money moves from techs into paper or vice versa, nor do they care if the entire US economy falls in the process, they will make a killing in the process. They are the same ones who inflated this bubble with their crazy analysts telling people to chase tulips, and now they are out saying techs are in a bubble, with no discrimination whatsoever between techs. They don't care. The only thing that hurts them is if trading dries up, as it did several years ago, and the houses were all hurting. So this will continue until trading does dry up, as it is starting to do, and then they will tell people to move from old economy into techs. That will probably happen by late summer or early fall, which is when techs go up dramatically. Coincidence? Of course, by then we may be in a full recession, since AG is on autopilot. |
