Typical consolidation day after a Major Accumulation Day, not much clue about tomorrow, except for one trick: when both SPX and VIX closed in red, 17 out of 28 (61%) times a green day the next day.
At this level, I do not think anyone would put fresh money to pump up market now.
Only two ways to pump market high:
1. short squeeze
2. guys who bought low can add more to pump up market then to unload later.
3. haha, another one is USD keep dropping
Suppose you(MF) have zero position and all cash, do you want to buy MSFT/IBM/HPQ/APPL/AMZN/GS/JPM now? no way.
At this level, I do not think anyone would put fresh money to pump up market now.
Only two ways to pump market high:
1. short squeeze
2. guys who bought low can add more to pump up market then to u ...
Suppose you(MF) have zero position and all cash, do you want to buy MSFT/IBM/HPQ/APPL/AMZN/GS/JPM now? no way.
dara 发表于 2009-11-10 16:59
Regulation does not allow MF manager to hold all cash position!