Try the following exercise; go to yahoo historical quotes and plug in a 15 month historical date range for L0710, pay attention to the volume from Sept to Dec 05, and not the price.
What you will see is the characteristics of fundamentals in obfuscation. Make no mistake, the market sees everything and we can take value from the observations of this data.
What it shows is the end game in a rinse process, Investors characterizing the fundamental outlook and saying to Mr Market.....Ya Gotta Be Kidding!. Fundamentals will dictate the forward price, execution against expectations and nothing else will dictate the degree of acceleration.
For many of our companies check the here and now ( 90 days is enough), same story unfolding. You have to decide fundamentally if you like what you see, reweight any portfolio to your preference.
I see major moves coming across a wide range of issues. We have many liquidity problems in this trade. Its clear to me, and anyone else schooled to look objectively at the numbers everyday, that Obfuscation, not fundamentals has been the prevailing metric... of a trade seeking yield.
Here is a chart of the Russell, compare the last 4 months of the charts of companies you checked the volume on, if the slope of the individual company does not map to the chart here....you have found an obfuscated issue.
rut 3 year
stockcharts.com
PS
I will have a replacement for AA400 by Monday noon. You can call in past 12 to get it on the toll free line.
I've rotated approx. 1/3 already, the arbs are wasting our time and money with thier particular tactics, we can not affect a change in this reality, the money can best be applied to other obfuscations, seek and you shall find more than a few worthy of your support. |
