– Terrifying Technicals: This Chartist Predicts An Anti-Fed Revulsion, And A Plunge In The S&P To 450 (ZeroHedge, Jan 17, 2014)
The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
– Terrifying Technicals: This Chartist Predicts An Anti-Fed Revulsion, And A Plunge In The S&P To 450 (ZeroHedge, Jan 17, 2014)
The market is so rigged, it no longer makes sense. Only a few players are involved. 85% of all transactions are skim and sell high frequency trades. A few individuals, controlling huge funds buy and sell large amounts of securities in less time than it takes one to blink an eye. This isn’t investing, it is skimming, and takes far more than it leaves. Already, there have been stories about the few HF traders getting the insider story before the bell rings….that is how crooked the market has become.
It leaves 15% to the real investors.
Of the 15% we don’t know how many of them invest on margin.
Nobody with any brains is investing in the US stock market. It no longer has any relation to the real economy.
I am surprised it has stayed afloat this long.