General Stock Ideas

[bigworld]

gfp: I stand accused and convicted of possessing the exact same powers. If I were to convert all my retirement funds to the S&P 500 Index Fund tomorrow we'd see a 20% market drop by Friday. No doubt about it.

I have been noting that the behavior of the market has changed over the past 2 months. The old pattern was that the market would drift all day then the algo's would kick in right as the European Markets closed about 2 PM ET. Then we'd see a gentle ramp up in all the indices. This happened again and again. Any and all small drops were met by BuyTheFuckingDip buyers. Lately we often see late session weakness. Small rallies are met by renewed selling. The trading volume on "red" days is significantly higher than on "green" days. Insider buying is much, much lower than insider selling. The bottom line is that I really get the feeling that a correction is eminent.
I could be wrong and the Fed and its proxies might stimulate the market to renewed highs. But that's not the signal I'm sensing lately.