Zeev's Turnips Patch-No Politics (ZEEV)

[mish]

"Market looks six-nine months out, well past the double dip."

I have an enormous problem with this statement.

The market does NOT look ahead to anything except perhaps EXPECTATION. Expectation is not the same as reality. I heard this same BS last Nov, In jan of 2001, In Apr of 2001 etc etc. Each time the market was looking "ahead" ahead to what? If the market was clearly wrong then, why can't it be wrong now cause how many second half recovery lies have we seen.

At best the market is clueless.

Personally I think it is just a matter of too many puts being too far in the money and someone had a big cahance to capitalize on that by forcing covering.

In short,
1) If the market looks ahead it has no idea to what cause it is perception
2) More than likelely it does not look ahead at all other than to a chance to screw the most people the most of the time

Neither of these has anything whatsoever to do with a "real look ahead". More than likely it is crooked analysis to sucker the most people into to doing the wrong thing at the wrong time.

Look ahead.
Nonsense.
How many "look aheads" have been wrong so far?
EVERY DAMN ONE OF THEM.
An that is pathetic.

M