Dave I'm confused about the breadth and the S&P. Since the S&P is supposed to represent the broader market more or less, how come it rose so much even though breadth was terrible?
Hi Dave, You often talk about "da boyz" and how they manipulate the market. Being somewhat naive about this, would you explain sometime what they got out of doing that. Do they, for example, pump the market up and then sell immediately? Does that work? Or are they trying to change the overall longer term direction? Does that work? I don't see how either one of these is really worth doing.
What I don't understand is why the oil producers aren't taking advantage of the futures market and locking in these prices for themselves. They can't be that sure that this isn't a bubble. And if they are selling into the market, why isn't that having more of a moderating effect?
Friday Outlook: Commodities, Emerging Markets [View article]
Friday Outlook: Commodities, Emerging Markets [View article]
For those of us who don't have your background, would you explain how "da boyz" make money pushing the market up and down.
Thanks.
Tuesday Outlook: Commodities, Emerging Markets [View article]
Thanks.
-- Russ
Is Oil a Bubble? Part One [View article]
Tuesday Outlook: Commodities, Emerging Markets [View article]
Wednesday Outlook: Caught in a Holding Pattern [View article]
-- Russ Abbott