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Morning on Wall Street It Is NOT

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 17 February 2016 | Print  | Disqus 

http://www.rickackerman.com/wp-content/uploads/2016/02/Bears-were-still.jpg

While we all recognize by now that stocks can dive or soar unpredictably on any given day, it looks like bears are still pinned to the ropes at the moment. And while we talk about the Plunge Protection Team and DaBoyz keeping the game rigged in favor of bulls, it is bears themselves who have been providing virtually all of the buying power lately. If you are short, you need only plumb your own thoughts and emotions to figure out what panic-prone bears are going to do next.

In a batten-the-hatches commentary last week, Iíd allowed for three weeksí worth of distribution before stocks resume Januaryís hellacious plunge. A week later, however, Iím growing impatient with the stock marketís seeming inability to sell off hard to enough to actually scare investors.  Indeed, when we read that Google has now joined the very large group of companies who can find no better use for surplus cash than to repurchase their own shares, the unthinkable begins to insinuate itself on our brains ó i.e., that a true bear market has become impossible.  But, no, itís really not different this time, even if the exact timing of the avalanche we all know is coming is impossible to predict. Bear market follows bull market as night follows day. In that regard, dusk almost surely has fallen on Wall Street. If you would like to learn more about the Hidden Pivot Trading Method, click here.  Many who frequent the Rickís Picks chat room have mastered it.  Meet and converse with them by taking a free trial subscription here.

 


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 -- Published: Wednesday, 17 February 2016 | E-Mail  | Print  | Source: GoldSeek.com

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