Well, Thank God For “”Market”” Miracles

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by Chris

Well, the great, everything-is-awesome news is that somehow +30 S&P 500 points got slapped onto the decline right there in the last 15 minutes.

One thing “they” love doing is printing hammer bottoms.  A nice needle into the darkness as everything rebounds the other way.

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It’s how I would do it too.  Save your firepower and throw everything at it all at once.  Get the shorts to cover for assistance.  Then run the futures up all night long in the thin overnight markets.  Hope everybody gets the animal spirits back and decideds to buy the next day instead of sell.

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It’s a good strategy…as long as the only thing that matters is having markets go in the direction that a small group of people think is best.

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