Pump and dump?
I have been wrong on the markets for the last 28 days.
When the market made lows on Oct 3, I was looking for a continued decline for another 8 percent to test the June 2010 lows about 100 on SPY.
I have not heard otherwise, but I understand flash or computer trading represents over half the volume on the exchanges. It just makes one wonder the behavioral finance embedded in their algorithms on how to create reactions as opposed to predict them? This market move and all the European hype leaves me with the feeling of a Central Bank lead pump and dump, so I dumped the last of my wife's equity holdings this morning.
Happy Halloween, but it is November that spooks me.
When the market made lows on Oct 3, I was looking for a continued decline for another 8 percent to test the June 2010 lows about 100 on SPY.
I have not heard otherwise, but I understand flash or computer trading represents over half the volume on the exchanges. It just makes one wonder the behavioral finance embedded in their algorithms on how to create reactions as opposed to predict them? This market move and all the European hype leaves me with the feeling of a Central Bank lead pump and dump, so I dumped the last of my wife's equity holdings this morning.
Happy Halloween, but it is November that spooks me.
Posted by Bradley Fluetsch at 10/31/2011 12:55 PM 
Categories: Adding Value
Tags: invest stock market bonds fixed income October sell loss
Categories: Adding Value
Tags: invest stock market bonds fixed income October sell loss
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