Financial topics

[Higgenbotham]

> The people you are describing are like carnival barkers. I don't
> watch the financial news in real time anymore (just selectively
> when markets are closed)

> I quit watching the CNBS carnival barkers about 5 years
> ago.

Carnival barkers are valuable people to watch. They keep their
eyes on the crowds, and they're always in touch with what the crowds
are thinking. If you listen to what the carnival barkers say, even if
it's fake news, it's what everybody is thinking, and that makes it
valuable. We ignore carnival barkers at our peril.

https://www.youtube.com/watch?v=AtpV4LxC2TM

Top strategist Tony Dwyer says almost nothing can stop this rally

CNBC Television
Published on Mar 20, 2019

Tony Dwyer, Canaccord Genuity chief market strategist, discusses his take on U.S. markets.

John, watch this and be amazed. The "top strategist" and "chief market strategist" says this market is just like 1995 as the basis for his reasoning.

I can't watch this stuff during market hours. If I had I probably would have been bucked off my short position right at the high. But I do like to watch it in the quiet of the evening after the events of the day are over to see what they fed the masses.

[Higgenbotham]

Here's some food for thought that I haven't seen discussed anywhere.

About 12:20 eastern yesterday, about 17,000 e-mini S&P futures hit the market all at once (sell orders). Again today, at about the same time, 27,000 hit the market. Never, ever have I seen this many orders go to the market at mid day. That's an absolutely massive order to take to the market and it moved all the indexes substantially.

When the order hit yesterday, my broker emailed me with big question marks. I checked the news. Nothing. I called him and asked if he'd ever seen anything like this (he's been a futures broker in Chicago for over 25 years). He said no. He asked me if I ever have. I said no.

What I think is somebody big wanted to reduce their exposure to stocks and was concerned about running out of time.

[Higgenbotham]

Note: 27,000 e-mini S&P contracts is the equivalent of about $4 billion worth of stocks.

[Higgenbotham]

[aeden]

https://www.youtube.com/watch?v=Xz9_l8X ... utu.be&t=6

https://zh-prod-1cc738ca-7d3b-4a72-b792 ... k=Hojf5QC9

https://www.youtube.com/watch?v=ProSDm2eGjk

[John]

https://www.youtube.com/watch?v=AtpV4LxC2TM

> Top strategist Tony Dwyer says almost nothing can stop this rally

> CNBC Television Published on Mar 20, 2019

> Tony Dwyer, Canaccord Genuity chief market strategist, discusses
> his take on U.S. markets.

> John, watch this and be amazed. The "top strategist" and "chief
> market strategist" says this market is just like 1995 as the basis
> for his reasoning.

> I can't watch this stuff during market hours. If I had I probably
> would have been bucked off my short position right at the
> high. But I do like to watch it in the quiet of the evening after
> the events of the day are over to see what they fed the
> masses.

I agree with you that this guy brings utter stupidity to new heights,
except that even this guy isn't as stupid as AOC.

You say "be amazed," but I'm amazed every day about what's going on in
the news. I still say that the most amazing thing going on today is
that there are three "Holocausts" -- genocide and ethnic cleansing --
going on in three different countries -- China, Myanmar (Burma), Syria
-- targeting Sunni Muslims in all three cases.

Or, just one word: Brexit. Need I say more?

As for the 17,000 sell orders each day, I agree with you that someone
is selling off, $4 billion per day. I wonder how many days he can
keep that up?



------------------

[aeden]

one or two days then buyback
oil will confirm that rotation for a few

[Higgenbotham]

one or two days then buyback
oil will confirm that rotation for a few

$NYMO back below zero.
https://stockcharts.com/h-sc/ui?s=$nymo

[Higgenbotham]

As for the 17,000 sell orders each day, I agree with you that someone
is selling off, $4 billion per day. I wonder how many days he can
keep that up?

If it's Bezos, quite awhile yet. That kind of activity has the markings of a Gen X novice (in your face, as in, everyone else is too stupid to know what I'm doing anyway, so I'll go ahead and do it in broad daylight during my lunch break - I would add that the big institutional players were probably on lunch when this occurred, so perhaps he thought they wouldn't notice). I would suspect Bezos is going to the most liquid market to hedge against his Amazon holdings while he attempts to slowly dump his Amazon stock. You may have read about his cheating and divorce, and speculation his wife will get half of his money. It's pretty clear he's gone off the rails, and his company may have too.

[Higgenbotham]