Volatility Will Snap Back Like a Rubber Band
We just closed the books on a sleepy, low-volatility week. But Don expects it's going to come raging back in the next few days, opening up 24-Hour "Profit Windows" left and right. These have been raided for 26% to 55% gains nearly two-dozen times, and that's likely to accelerate. This is what you need to know… | | Here's the Deal with This Market
By Professor Jeffrey Bierman
Hi, folks - Professor Bierman back with you again amid a hectic schedule of teaching… and teaching trading. | I'm hearing from a lot of people about the nature of this market right now. My esteemed colleague (and friend) Don Kaufman called this "the suck," and he's not wrong. We move a little higher - to serial all-time highs - then fail to break out and move a little lower… then back higher. China may have turned on the stimulus hose but there's very little conviction here one way or another. Not that human convictions have much to do with it anyway. | It's frustrating - and boring. And it's mostly the hedge funds' fault right now. | It's the end of the quarter, and the managers are preparing for the quarterly dog and pony show, where they go out to their clients - whom they charge "two and twenty" - with beautiful charts that show aaall the nice winners and talk about how great the next quarter's going to be. | But of course, they don't all have winners - sometimes they buy losers, and they're currently offloading those underperformers like the plague. Just like their algorithmic masters, the human hedge fund managers are selling what's at lows and buying what's at highs. | It's a hell of a way to make all-time highs, but that's what's happening right now. But, the fourth quarter is right around the corner - be ready for anything. | Bierman |
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