Loading ...Re the shares….It ain’t rational thinking, it’s machine led/done….
I was tradeing oil tdy…had a decent buy signal…well I thought so. Any way the mkt held for most of the day and even tried to rally some….but once Europe closed the cosh came down…new low, after new low.
I get the impression that it is all about “Painting the Tape”, that all is well etc…. Rates must stay low, as must all major commodities and especially the PM’s, while Stocks march ever higher and as it is all done by Algo’s there is never any let up, the mkts no longer inhale and exhale…it’s just a one way street.
A number of smart people are calling imminent bottoms….they could all be looking stupid soon…..