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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (23549)12/18/2004 11:21:08 AM
From: russwinter  Read Replies (2) | Respond to of 110194
 
The stock market is not being supported by real money, in fact there have been domestic fund outflows the last two weeks.
amgdata.com
The next couple weeks will be real thin holiday trading, and the IPO onslaught will abate (and has already used up a lot of cash, GOOG unlocks, etc), as will insider trading as they go into quarterly announcement periods of late January. On the other hand as the aggressive hedge funds approach year end, and have "their using other people's money" bonuses in hand, there might be the temptation to "head for the exits" early? In this kind of a market, especially with excess money creation being withdrawn (just keep tracking this, and you might get that "white of the eyes sense" that they are running on fumes), that could turn into a rout in a hurry. On the otherhand they might use thin holiday markets to manipulate things higher, especially if Easy arrives with more needed heroin injections? All I know is the downside is just immense, and I'm afraid I'll be in the shower or something when it starts up. I'm not smart enough to know when some big hedge fund asshole pulls the plug on his "portfolio" (i.e futures) to start things up, as I'm "out of the loop" on such things, so I'm just continuing to buy strategic index Tracker puts (not trading) and selling high priced call options naked (AMTD, AAPL, RIMM, GOOG, homebuilders) which have no fear premiums priced into them.