While just the opposite is true for the small caps, as the trade manufactures shares by the millions from the accounts of the buy and holders to create negative liquidity.
I've got companies trading at below 1996 prices with short boots like heavy metal bridges on their backs, same floats as 96, 60 million more in greater sales, profitable, & with great outlooks, yet the trade just keeps piling on.
There really are two separate markets, the liquid one where the CSCOS are like a national bank, and the small caps, where those who are in the stocks first, are made to suffer the consequences of being right, before the trade gets round to em.
One day this will become clear, and scarcity will be accorded value based on supply demand metrics as opposed to supply demand obfuscation.
Hegemony is the root of all.............
And the hegemony of Mr Market is absolute.
The functionaries notwithstanding. |
