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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (72274)10/18/2006 1:00:07 PM
From: westpacific  Read Replies (2) of 110188
 
Yes Russ, it is all program driven...that is my fear!

The techincals are just too good, I watch stocks trade to the T on technical after technical. Perfect bounces off 155 or 233 day EMAs, perfect P&F tops or bottoms, selloffs on overbought crossovers, and on and on.

Stock after stock with nary any cash per share trading in the sky, I shake my head, who owns such garbage. Just look at the cash position of AMZN as an example or AKAM. Do you think they are worth these prices?

At some point that is going to be the undoing of this market. Wait till all those programs decide to hit the sell button at the same time. Everyone is trading the same program!

That has been my fear for a few years now, the risks have never been greater, few understand this.

There was an ad in the IHT today, a guy harking 38% returns with a program he has developed. In London, looking for investors. All so simple really. This market is not about value, it is about a technical chart.

West
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