Shall We Call Operation Twist a Resounding Success?

As my friend Mark Gongloff writes, markets have just erased a ton of negatives from the summer swoon in just a very short spurt of time.  First, some stats from WSJ MarketBeat:

The Dow industrials surged 166.36 to 11644.49 today, their highest close since August 3. This was the third straight week of gains for the Dow, the first time that’s happened since April.

The Nasdaq jumped 1.8% to 2667.85. The Dow and Nasdaq are now positive for the year.

The S&P 500, still down 2% for the year, gained 1.7% today to 1224.58, also the highest close since August 3.

Why?

WHY?

WHY? WHY? WHY? WHY? WHY? WHY? WHY? WHY? WHY? WHY? WHY?

There is no “WHY?”  It just is.  It’s not Operation Twist, it’s not a weekly claims number that was 1000 jobs better than expectations in a population of 300 million people.  It’s just the market being the market.

Volume sucked during this run?  Tell me something I don’t know.

“HFT algo traders are running it up.”  Okay, but it still went up.  And the piranhas go home flat everyday, by the way.

“This is just underperforming managers chasing the benchmarks buying high-beta to make up for performance.”  Yeah, that’ll happen from time to time.  And by that I mean “all the time”.

9 percent rallies in a matter of days are par for the course.  They can start out of nowhere and end just as quickly, no explanation necessary unless you’re a reporter on deadline.

 

 

 

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. flange safety spray guards commented on Sep 14

    … [Trackback]

    […] Here you will find 31925 more Info on that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  2. cpm answers commented on Sep 20

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  3. Eat Verts commented on Sep 22

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  4. Small child commented on Sep 25

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  5. immediate edge reviews commented on Sep 28

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  6. Torch commented on Oct 11

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  7. beasiswa bri 2021 untuk mahasiswa commented on Nov 14

    … [Trackback]

    […] There you can find 91927 more Info on that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  8. automated regression testing commented on Nov 28

    … [Trackback]

    […] There you will find 14968 additional Info on that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  9. easyweb login commented on Dec 20

    … [Trackback]

    […] There you can find 11719 additional Info on that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  10. software testing services company commented on Jan 12

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  11. Prediction commented on Jan 15

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]

  12. wig commented on Jan 24

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2011/10/14/shall-we-call-operation-twist-a-resounding-success/ […]