Wednesday, April 15, 2009

Up, Down....Up Down Up Down...Ahhhhh!

Credit Derivatives Research came out with a report today. Here are some interesting quotes I gleamed from it....

"The recent U.S. Stock rally has been sustained by small trades pushing up prices, rather than large block trades that have traditionally supported share moves"

"This equity rally has manipulative activity fingerprints all over it"

"Most of the momentum pushing shares prices higher has been made in small, after hours trading"

"Without these trades the S and P index, for example, would be around 60 points lower"

"What this means is that marginal market participants, such as mutual and pension funds, and retail investors who are really just beneficiaries of the liquidity chain, are about to get a very rude awakening"


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