WLD and N81 who are opposite sides for tomorrow.
N81, i the MMs are pre-determined to get 25, that 25 is a made deal, but we won't know until tomorrow.
There are a load big numbers hitting tomorrow and if none carry a big negative shock, barring MM option expiration intervention, market will run again tomorrow IF the numbers are not containing a major negative.
An observation, ALL market run-ups on tidbits of ephemeral good news such as the 0.7% retail sales increase is madness because the market is STARTING at an already seriously overpriced to future growth, so every up move is setting up for a crash and burn.
One of strongest forces available for a continued bull run is that Pension Funds, The huge insurance company investment branches and endowment funds in reallocating do so robotically as they simply have a 30-100year time scale, they simply don't give damn about P/Es and present conditions, they just say it will be much higher 30 years from now(so all of history preceding has instructed, curious though, modern market history is VERY young, so all these rules remain theory and theory only, lengthening time could explode these theories. Anyone with scientific discipline knows this is a real possibility).
So, bottomline is if the institutions i am keying on, are doing an asset re-allocation to more heavily equities weighted, they will just keep buying hell or highwater.
As to whether they are and how much is all information available to all big brokerages and funds for a heavy price, just another example the idea there be a free flow of realtime information is again a TOTAL myth, and in destroying it Stiglitz got a Nobel Prize.
The playing field remains HEAVILY tilted to the "big boyz", this playing field is not even remotely level. Max
p.s. as my friend who works with managing money for the VERY RICH, says the whole system is predicated on using the populace to enrich the rich.
He is on the inside and he says it is dirty to the bone in regards to treatment to the average investor.
BTW, he strongly feels the market is heading for hell longterm.And so do his "big boy" boss.
You will NEVER hear this on the National news--ever. Max |
