Some of the greatest short gains i have seen as well as downright disastrous bets against companies that manage to produce herculeanly fabulous results. Today it did so in breathtaking fashion. Before the winners and the losers let me say unlike almost any other time i can recall its the action of the panicked short sellers that are in charge here. They are controlling the prices you see. They are the ones who are moving stocks in either direction. Sure today we were helped by the European Central bank staying easy for longer than many thought. Whats driving the market on a moment to moment basis is short bets that are gone awry where they are in the whole market where big hedge funds buy s p futures in order to cover shorts against the market or short sellers who had to cover shorts sellers never materialized and there was furious buying instead as hedge funds came in to get some more action. Now i actually like short sellers. The shorts play a key role in the market. Short selling is
The herd was thundering today all right with the dow roaring 321 points, the s p pole vaulting 1. 66 and the nasdaq screaming higher 1. 65 n. The last 24 hours we have witnessed some of the greatest short gains i have seen as well as downright disastrous bets against companies that manage to produce herculeanly fabulous results. Today it did so in breathtaking fashion. Before the winners and the losers let me say unlike almost any other time i can recall its the action of the panicked short sellers that are in charge here. They are controlling the prices you see. They are the ones who are moving stocks in either direction. Sure today we were helped by the European Central bank staying easy for longer than many thought. Whats driving the market on a moment to moment basis is short bets that are gone awry where where big hedge funds buy s p futures in order to cover shorts against the market or short sellers who had to cover shorts by buying stock because the sellers never materialized a
It didnt matter. And the market went down anyway. Dow sinking 196 points, s p falling 1. 35 and the nasdaq declining. 93 . How can that be . Hey, isnt this a market of individual stocks. No, not right now. Nope. You see, we have some Disturbing Trends in the overall market that trump the achievements of Single Companies and even whole sectors. And right now, no trend freaks out investors more than the total collapse of oil prices. When the highspeed traders who dominate the stock market see Energy Declines like today with oil down more than a buck and a half to 44, a level we havent seen since the great recession, they dont just sit there and pick among the stocks the benefit from cheaper oil while dumping the oils themselves that wouldnt be a rational move. No, they sell the only thing they seem to know how to sell. The whole s p 500. They cant waste time picking and choosing among individual stocks. They know that when oil goes down they need to blast out of everything. Because thats
Report. What do you have . We show you what is going on, it is chilly in the north bay valley, 30s for you and the rest of us in the 40s until San Francisco and oakland and richmond in the 50s so dress accordingly and live doppler hd is showing no radar returns and most of the clouds are over the ocean right now and on the Weather Window and sutro tower and we are seeing Clear Conditions with Three Chances of rain coming up in the sevenday forecast. I went to my car this morning and we have a brisk drive across the bay area and the bay bridge toll plaza shows the far left hand rain with a lot of traffic and we are seeing the traffic slowing from the east bay toward San Francisco with an accident over the Altamont Pass that is cleared and i will have the travel times over Altamont Pass. That is worth waiting for. This morning, the 49ers got a surprise visit following the win offer the giants. Not fans but d. E. A. Agents dropped in to talk to the team doctors in an investigation that co
Today because not doing so im honored to present uk cities regions and for the million other americans love their shifty powers of government meeting in the United States because of their status. They are unable to return to london to visit family friends. Immigration Reform Initiative in the us Senate Us House of representatives is a real opportunity. Last year this time of stress. Seeking to better himself his family. So many irishmen and women from every walk of life waiting for creating three of them im certainly proud to be part of the great Irish American tradition. In between i two countries runs deep and strong and im proud of the year. In recognition andng for Immigration Reform and all of Irish American hospitals and life would have been living in shadows to reach their potential. The United States of america the show are speaking as an irishman. An approach to life. The people he said see things and say why. But i dream things that never were. Can i say why not the bad quali