More nonsense from Zero Hedge
Posted on | Monday, September 28, 2009 | No Comments
Intraday Market Observations (For The Three Computers Who Are Actually Trading)
After a very weak start to the day, the dollar has regained all of its losses. Bonds are trading appropriately. However, don't tell that to the few computers who are pushing stocks to each other today: stocks are still at the days high supported literally by no volume.
Volume is comprised of BUYERS and SELLERS. If there is no volume, (there isn't, the pit was generally less than half full) there is a lack of buyers and sellers which is why ES is sideways. That's not manipulation. That's a function of supply and demand.
ROFL on fast money
Posted on | Friday, September 25, 2009 | No Comments
"Given the RIMM news I thought we would be down much more today"
Nobody gives a shit about RIMM or stocks, and the entire equity market has Zipppp-o to do with RIMM, watch your currencies and treasuries kiddies
Michigan Sentiment beats expectations, New home sales miss
73.5 actual vs 70.2 forecast
429k vs 442
... so Zero Hedge needs a "Consumer still delusional" post.
Ah yes!
http://www.zerohedge.com/article/consumer-confidence-does-not-ignite-yoyo-market
