Rescue attempt in the morning, heavy selling into the close.

Sharing is Caring!

by Chris

One of the main points of overnight futures heavy lifting has to be to help Wall Street firms and other entities sell their unwanted product to somebody else.

Going by the euphemisitcally polite name of “distribution” this is really the transfer of a hot potato from smart hands to less smart hands.

This requires a large amount of marketing to assist, which usually looks like CNBC, et al., talking to retail investors about the importance of buying the dips, not getting shaken out, and being in it for the long haul.

See also  ELON MUSK Selling His LAST REMAING HOUSE -- Wants to Live the Simple Life

For example, I just wandered over to the Reddit Investing group and immediately found this comment about APPL:

For most people, it’s only a question of “when” not “if” the dip will be bought.

See also  WATCH: ‘Morning Joe’ Throws Hissy Fit After Another Trump Conspiracy Was Debunked

Sure, there’s always a bottom out there somewhere, but I get the distinct sense that these investors are thinking that the bottom is imminent, not many years away…or factoring in that all companies get competed away eventually, as GE is currently teaching a bunch of investors.

771 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.