Quick question for those following the stock market today…
Does any of this activity even remotely resemble rational buyers and sellers pursuing their own interests in a logical fashion? Or am I simply looking at computers trading against other computers ad infinitum?
Nice way to start the week:
- Ford surprise profit vs CIT not-surprise bankruptcy
- Explosive volume in the triple long/ triple short bank ETFs (FAS 50 mil shares +, FAZ 140 mil shares +)
- Spreads on the SPY in excess of 6 or 7 cents throughout much of the day
- Advance/ Decline all over the map
- Reversal and then reversal of reversal driven by a handful of mega cap stocks, totally program-driven in my opinion
We’re up 50 on the Dow as of this post, but anyone going home thinking this was a productive/ constructive/ rational day for the stock market is dreaming.
Wish I was a bartender in the Caribbean today.
… [Trackback]
[…] Find More here to that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Info on that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Find More Info here on that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Read More here on that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Find More Information here to that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Find More Info here to that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] There you can find 39892 more Info on that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Here you will find 42668 more Information on that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Here you will find 82701 additional Info to that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Read More here to that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Read More on that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]
… [Trackback]
[…] Read More to that Topic: thereformedbroker.com/2009/11/02/quick-question-re-the-stock-market/ […]