Follow the MONEY, and do not be distracted by the FTV-MSM chatter and 'white noise' telling you "It's OK, just move-along now, nothing to see here. No problem."
Insiders We are seeing the biggest insider selling-to-buying imbalance ever recorded. S&P insider selling was 8,279.5x times greater than buying (Bloomberg) in the first week of QE2 POMO.
Retail Investors (Mom & Pop) have lost confidence in the charade of free markets, and rightfully so. The game is rigged. Those who could, have left already or are leaving.
- We have just seen the 29th consecutive week of outflow from domestic mutual funds.
Who remains? All seriousness aside, how can the market be going UP when nobody but CNBC's "Fast Money", the Primary Dealers, and some hedge funds are putting money into the market?
- Maybe the Fed, the 18 Primary Dealers, and HFT (high frequency trading....which 'churn' but do not 'hold' positions) CAN run the Dow UP to nosebleed levels, but between them this amounts to economic seppuku for the US Dollar.
At least the robotraders and the Fed are providing some liquidity for the smart ones to make an exit now. It's going to be quite a collapse when the algorith driven-robotraders and the Fed run out of OPM (other people's money) and this game shuts down.
The proverbial sh*t is going to hit the fan then............
Friday 26 November 2010
Follow the money, not the noise............from Rico
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