Thursday, March 25, 2010
Bears attempt to create a feeding frenzy
Europe, the euro and the PIIGS will take us down!
And I shorted that much stock?
This market is resoundingly hated by traders, bears and the public, but it is lovingly embraced by the long only mutual fund managers. Wall Street hates non-volatility, as it makes trading and profit opportunities that much more difficult, so sometimes they try and create it.
And so today, once again, we have another reversal day.
Big deal. In a few days, we'll have end of the quarter mark up days, and the bears beating their chest today, won't be able to button up their pants.
Until they puke out the shorts they laid out today!
And the long only funds will once again, force the bears to come to Pappa!
Posted by Palmoni at 5:52 PM