The Masked Tulip Posted June 1, 2009 Share Posted June 1, 2009 http://www.marketoracle.co.uk/Article10886.html It is worth reading the full article as it has some scary looking graphs and some interesting comment. Fundamentally the rally in the broad stockmarket from early in March is viewed as being the result of a combination of media hype, wishful thinking and short covering, but there may be more to it than that - it would appear that a sizeable proportion of the TARP (Troubled Asset Relief Program) funds not thus far deployed have been used to drive up the stockmarkets in order to create a positive environment for the banks to issue secondary shares and thus raise equity. While this is perfectly understandable, it also means that once the banks have finished selling this stock to the public, or the market is simply exhausted by being soaked in this way, it is likely to go into reverse in a big way. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 2, 2009 Author Share Posted June 2, 2009 NFP? Quote Link to comment Share on other sites More sharing options...
Patfig Posted June 2, 2009 Share Posted June 2, 2009 Less than a Brazillian. How many is a Brazillian again? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted June 2, 2009 Author Share Posted June 2, 2009 Who or what is zero hedge? Quote Link to comment Share on other sites More sharing options...
LuckyOne Posted June 2, 2009 Share Posted June 2, 2009 This is a good reminder of the fact that markets can go up and down even during the worst economic crisis since at least the 1930s. From a technical standpoint, it does look like the "up" portion of the "ups and downs" has run out of steam after two months. A nasty NFP report from the States on Friday coupled with the deteriorating technical picture might be enough to push us back into the "down" cycle of the "ups and downs". Quote Link to comment Share on other sites More sharing options...
Patfig Posted June 2, 2009 Share Posted June 2, 2009 Who or what is zero hedge? A bit like a hollywood? Quote Link to comment Share on other sites More sharing options...
Guest Winnie Posted June 2, 2009 Share Posted June 2, 2009 NFP? Non Farm Payrolls (shades of John Steinbeck) Great Post MT. Follow this link for a useful calendar of world financial events weekly, and their relative importance: http://www.dailyfx.com/calendar/ Quote Link to comment Share on other sites More sharing options...
Moo Posted June 2, 2009 Share Posted June 2, 2009 Who or what is zero hedge? Less than a Brazillian. Quote Link to comment Share on other sites More sharing options...
Confounded Posted June 2, 2009 Share Posted June 2, 2009 Less than a Brazillian. http://zerohedge.blogspot.com/ a great blog Quote Link to comment Share on other sites More sharing options...
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