Momentum stocks, or "Mo Mo's", the ones supported by speculation alone, are finally taking a bath. Netflix has taken a 25% hit. These are the ones with the P/E Ratios in the triple digits. We Hope that they become real someday with a more normal P/E in the teens. "No No's" are expensive alleged easy hair removal machines that don't deliver. We don't care. Anything hs to be better than shaving.
N is the next letter in the alphabet from M, and the likely next progression as reality sets in that they will not become the next GOOG. They trouble is you can't put a timeline on when it will happen, or when the HLF becomes Horriblelife as Carl Icahn runs for the exits. Yeah, it's a pyramid scheme, but so what? It is one you can buy into. Witness the difficulty which Bill Akermann has had trying to impress that on regulators.
How about that Sotheby's indicator (BID) ? Turns out a bunch of folks were short. Then they released the story on CNBC. I assume they covered after that. The Rich get Richer. They are also calling for the heads of management on the board there to be responsible. Pick your glass house on the hill, and start throwing stones. Not much makes sense there, but who cares? They got the drop.
This isn't as much about sense as it is about nonsense. Battery cars... just add batteries (not included), solar in a cloudy world, biotech that may work, a silly game for your phone, GOOG or FB "may" buy it, and on and on. If one of them does hit, it will all be baked in. Just add Cake. This lovely icing an' stuff will be all ready for it. Work in Progress... Hyper Loop Poop. The windmill ain't turning today, but just wait! Anything has to be Better than paying for Dirty Stored Solar energy that works, including dirtier alternatives.
NASDAQ Craq. But the wheels fell off today for a bit. Eventually there will be another trip back to the dealer for some more as "people," or more accurately Pension fund managers, buy the dip. No No's still garner more than 260 bucks. All its gotta do is work. Some other schmuck will buy it for 269...
This is all based on Promise... "If you like your Doctor, you can still keep your Doctor..." This is Promise 2.0. We know that it has a snowball's chance in Hell, but somebody has to have smuggled a fridge in there. Tell 'em what they want to hear. Blame Engineering and operations, those bastards! Yeah... With the kids running the candy store, everything is oh so Sweeet!
Oh, and did ya hear it is rigged? Who cares? We are all set to go Friggin' in the Riggin'!
Friday 4 April 2014
Wednesday 2 April 2014
"The Markets Are Rigged!"
And in related news, the Sun rises again today!!! Stop the presses: Dog Bites Man!!! Sale at WalMart!!!
In a way, I am kinda glad. I can blame my losing trades on something else other than "Moi" now. Others not so much. The phone is ringin' off the hook here at Wah-nd Central Wambulance Station Dial 111. "They're Front Running our orders, on the level of milliseconds. That's Illegal!!!" Actually they have been pocketing orders since before the first Roosevelt Administration in The Loop and on Wall Street. This has been strictly enforced by that venerable and vicious toothless blind limping Rottweiler we know as the SEC. They're just a little busy on the insider traders these days gumming them to death, that's all. Compound that by throwing them a bag of Gummi Bears. They're just a tinch overloaded.
The real reason that they are rigged is that they are sniffing your orders. They are supposed to keep them secret. They see your order or stop waiting there, then yank the stop before moving in the intended direction, or pull out of reach to grab that order immediately before moving against it. That is just the way things are. That's bidness in their world. If you are in it for the long term which it seems nobody is for that long before they suffer too much, you don't care.
In the big picture if you have money, you should be able to rent it for a fee. However, even the bond market seems rigged these days. Corporate bondholders at GM got scrooged along with the long term investors. That wasn't the deal. Same with those lovely municipal bonds when the overload of political promises finally plugs up the toilet, and you have a whopper to flush on top of it. V and MA aren't exactly doing much better these days if you think credit card companies should solve it. CBOE and CME are also hurting in the general swing of things.
One thing you can't underestimate in that situation is the stupidity of the supposed market cops. They will be "johnny" on the spot to write you a ticket for dumping. Complaints? "It's the High Frequency Dumpers!!!" Don't you feel all better now? They are blaming the casino for taking the best vig they can get. Hey, we want it all, and we want it for free too! You can't always get what you want isn't just a Stones tune though.
These days in lieu of anything real to grow on, so many people feel the same way that in a typical day, the Dow moves up and down 100 points or more, and several times it seems. After a year of Growth-itative Easing, it is tapering off to the reality of nothing happening. Welcome back to Stagflation! Can they write a traffic ticket for that too?
In a way, I am kinda glad. I can blame my losing trades on something else other than "Moi" now. Others not so much. The phone is ringin' off the hook here at Wah-nd Central Wambulance Station Dial 111. "They're Front Running our orders, on the level of milliseconds. That's Illegal!!!" Actually they have been pocketing orders since before the first Roosevelt Administration in The Loop and on Wall Street. This has been strictly enforced by that venerable and vicious toothless blind limping Rottweiler we know as the SEC. They're just a little busy on the insider traders these days gumming them to death, that's all. Compound that by throwing them a bag of Gummi Bears. They're just a tinch overloaded.
The real reason that they are rigged is that they are sniffing your orders. They are supposed to keep them secret. They see your order or stop waiting there, then yank the stop before moving in the intended direction, or pull out of reach to grab that order immediately before moving against it. That is just the way things are. That's bidness in their world. If you are in it for the long term which it seems nobody is for that long before they suffer too much, you don't care.
In the big picture if you have money, you should be able to rent it for a fee. However, even the bond market seems rigged these days. Corporate bondholders at GM got scrooged along with the long term investors. That wasn't the deal. Same with those lovely municipal bonds when the overload of political promises finally plugs up the toilet, and you have a whopper to flush on top of it. V and MA aren't exactly doing much better these days if you think credit card companies should solve it. CBOE and CME are also hurting in the general swing of things.
One thing you can't underestimate in that situation is the stupidity of the supposed market cops. They will be "johnny" on the spot to write you a ticket for dumping. Complaints? "It's the High Frequency Dumpers!!!" Don't you feel all better now? They are blaming the casino for taking the best vig they can get. Hey, we want it all, and we want it for free too! You can't always get what you want isn't just a Stones tune though.
These days in lieu of anything real to grow on, so many people feel the same way that in a typical day, the Dow moves up and down 100 points or more, and several times it seems. After a year of Growth-itative Easing, it is tapering off to the reality of nothing happening. Welcome back to Stagflation! Can they write a traffic ticket for that too?
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