I agree with DougM. The market becane a casiono. Today it is one game, tomorrow is next. There is no way commodities can go up and down 50% without ovewr-leveraged hedge funds piling up on the same trade. Today's game is retailers, regional banks and dollar. May I ask who is buying retailers in a consumer recession? There is no regard for fundamentals. None. It is all a trade. Take your money and run as soon as you see a profit. The game will not stop until enough hedge funds fail.
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I agree with DougM. The market becane a casiono. Today it is one game, tomorrow is next. There is no way commodities can go up and down 50% without ovewr-leveraged hedge funds piling up on the same trade. Today's game is retailers, regional banks and dollar. May I ask who is buying retailers in a consumer recession?
Sep 03 16:31 pm
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All Comments by inthemoney »The Nuttiness of This Market [View article]
There is no regard for fundamentals. None. It is all a trade. Take your money and run as soon as you see a profit.
The game will not stop until enough hedge funds fail.