Wow, to watch Fast Money one last time I decided to flip to CNBC, and what happened? Whitney talked with Maria… Wow, my two favourite ladies (NOT!) I am SO GLAD I watched Bloomberg… Objective information and not drivel…
So Maria asked her, “what do you think of these shorting rules?”
Her reply, “You need the ability to short and to keep the market efficient. Naked shorting is another thing.”
I am tired of Cramer… I am tired of Fast Money… I am tired of the drivel called CNBC America… CNBC America you just converted me to Bloomberg TV. CNBC Europe I still like for the most part. CNBC America has jumped the shark.
I decided to take a look at my S&P prediction that I made in February.
When I hear people talking about the SEC and shorting (mainly on CNBC America) I see how people are mixing apples with oranges. The SEC has instituted the rule that to be able to short you need to have the shares ahead of time. The problem is that many think the SEC rule is against shorting, when in fact it is for shorting, but it is keeping the shorting playing field level.
I have not been posting as much as usual. It has been a really busy time for me. I have a whole lot of blog posts that I need to release and simply have not had the time. Though in the next couple of weeks things should ease up a bit for me.
What’s new? Well I am writing algo trading routines, that is sort of new. It is actually very very exciting work because I learn how future traders make their money. I now know more about market depth than I think I really care to know.
In February I did a simulation of the market. And if you look at how I predicted things, it has turned out to be pretty much on the money. My tops and bottoms are not completely right in terms of values, but pretty close. Closer than I expected.
Along comes RBS and says the following.
A credit strategist from the Royal Bank of Scotland warned investors in a note that the S&P 500 may fall by more than 300 points by September and that iTraxx index of high-grade corporate bonds could soar, according to a report in the Daily Telegraph newspaper. “Cash is the key safe haven. This is about not losing your money, and not losing your job,” the RBS strategist, Bob Janjuah, was quoted as saying.
Ok I have officially turned bearish on Apple. Has the iPhone been a success? Yeah it was ok, but pretty good in general. I turned bearish because iPhone2 is not a cheap deal. The iPhone at 399 was a cheap deal because you could jailbreak your iPhone. And this was the exact reason why people bought iPhones. Youth could buy an iPhone and use it with their existing cell phone networks.
So here is the question who is at fault? Is it demand or is it the speculator? I decided to find this out once and for all what is going on. In Michael Masters testimony he said that the Index Speculator is making things worse because of the calendar spread that is being created. The question though is Michael Masters right or wrong?
Tom at Neural Market Trends posed the question on how one would build a neural network model of the US Dollar. I added the following comment:
What if I told you that the reason why oil and commodities are high is because there is a positive re-enforcing feedback loop going on? I have been saying that it is the speculators. But what if something bigger is going on?
What if what we have is a twist on The Power of Nightmares (Video)? The documentary focused on the idea that two dissimilar, but opposite forces both get what they want without actually talking to each other. In other words you get a feedback loop that helps feed the fire on each side.
