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  • Why Many Investors Are Selling Today's Big Rally

    From cnbc.com

    Read Full Story at cnbc.com

    Many investors were selling into the monster stock rally Wednesday on the notion that the "fiscal cliff" deal hastily hatched New Year's Day did not solve any long-term issues and set the country on the path of several more brinkmanship moments in Congress. "I'm going to sell this rally with two hands, two feet and all 10 toes," said Lawrence McDonald, a trader and political risk consultant, in a tweet to his followers Tuesday night after the successful House vote. Several Wall Street policy analysts, economists and advisors sent notes to clients warning them about the coming battles ... (full story)

    • Guest

      IP XXX.XXX.166.9
    • Because investors know better than traders, they know the long run what is gonna be for the market, so they better get out and keep cash.

    • Guest

      IP XX.XXX.194.70
    • The US has run a $1+ trillion deficit for four years now. $62 billion is barely even 6% of this. When you combine this with the proposed $15 billion in spending cuts (less than even 2% of our deficit) presented in the “deal,” it’s clear that nothing of significance has been addressed or solved.


      copied from zerohedge

    • Exodus

      1,216 posts
    • Auto-trade figures good, housing market is improving. The US economy is rebuilding itself. Today's surge will eventually be followed by some retracement, but overall things are going up.

      Traders have a short term view of the market, they see only days or weeks ahead. Ask this; will the US political entertainment machine allow the whole economy to go into reverse and risk the wrath of the voters....

    • Guest

      IP XX.XX.82.66
    • Because they bought at the bottom by closing shorts sold the previous time we visit 1.33
      by closing some longs from 1.27

      They're able to send it to 1.28 and back up higher than here and still be a valid uptrend you know.

      Question is: Can you Waltz(special guest edition)?

      http://www.youtube.com/watch?v=PCge-suZLWw

    • Squeeze

      736 posts
    • Is this the USA housing market were banks have an unsold/foreclosed inventory of 12 million properties that they're hiding off da books? Dead cat bounce. Sure the markets will go up as parking cash there beats zirp but they bear no relationship with reality or even the new normal which appears to change daily.

      Quoting Exodus
      Auto-trade figures good, housing market is improving. The US economy is rebuilding itself. Today's surge will eventually be followed by some retracement, but overall things are going up.

      Traders have a short term view of the market, they see only days or weeks ahead. Ask this; will the US political entertainment machine allow the whole economy to go into reverse and risk the wrath of the voters....

    • Ill-b-back

        7,095 posts
    • Lol...

      The number of times I've seen market Gurus telling us since June that they are going to sell the rallies with everything they've got, makes me think they must be either broke by now, margin called or are simply not telling the truth about their intentions.

      Of course as investors they poss/prob have a longer term view, I just hope they can withstand Ben Bernanke.

      These news items with balls and all trading ideas are pure bullshit designed to deceive us. Just ignore them.

    • pip_trader

      635 posts
    • Quoting Exodus
      Auto-trade figures good, housing market is improving. The US economy is rebuilding itself. Today's surge will eventually be followed by some retracement, but overall things are going up.

      Traders have a short term view of the market, they see only days or weeks ahead. Ask this; will the US political entertainment machine allow the whole economy to go into reverse and risk the wrath of the voters....
      Wrath of what voters? Boehner, McConnell, Pelosi and Reid and teh vast majority of Congress have been holding seats since the mid-80s.

      These idiots are voted in year after year regardless.

    • Exodus

      1,216 posts
    • 18 months ago I started moving money into stocks, today I am glad that I did.
      Quoting Squeeze
      Is this the USA housing market were banks have an unsold/foreclosed inventory of 12 million properties that they're hiding off da books? Dead cat bounce. Sure the markets will go up as parking cash there beats zirp but they bear no relationship with reality or even the new normal which appears to change daily.
      I just read the pending sales figures etc. found on FF. They have been gradually improving. That money-churn will improve the economy - not all of it is bank-held.

      Quoting pip_trader
      Wrath of what voters? Boehner, McConnell, Pelosi and Reid and teh vast majority of Congress have been holding seats since the mid-80s.

      These idiots are voted in year after year regardless.
      Obama and his followers are on the back foot, watch the propaganda war heat-up!

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