Zeev's Turnips Patch-No Politics (ZEEV)

[mjk]

The market will rally for the simple reason that "they" want to sell you shares that they've bought cheap over the past several weeks at higher prices. Then they'll convince us that the market was "oversold", "due for a bounce", or that "we may have seen the bottom", and get people believing in the rally. Then they'll crash it again. How many times has this happened over the past 2 years? Is it going to be different this time? Right, this time they crash it, no bounces, and it doesn't come back in our lifetimes. I doubt it, they don't make money that way. Every time it's the same thing, a few hundred Naz points into the rally, they convince us we better not miss out cuz this time the rally may be real, then they kill it again soon after. Same thing will happen this time.