Briggsy

Sucker's Rally Approaching an End

The market is like a flock of birds or a school of fish. Over the long haul, they will follow the food. But in the moment, they simply go where they are headed. And together.

On Apr 14 02:39 PM Mad Hedge Fund Trader wrote:

> It certainly is overdone short term. Will someone please help me
> out here? Q1 is widely expected to be the quarter from hell, with
> earnings expected to plummet by 38%, and the market rockets 26%,
> the biggest hyperbolic move since 1930. Is there a disconnect here?
> I know I only got a magna cum laude in math in college, not the summa
> cum laude I deserved (my professor didn’t understand his subject
> and hated me for it). But is it possible that the market has gotten
> ahead of itself? Just a tad? Is the economy really going to have
> the massive bungee cord type recovery that the market is discounting
> here? Could we be setting up for the perfect sell in May and go away
> scenario, like we saw last year? I don’t get this. I await your comments
> in earnest.