Here is yet another take on the S&P's breach of the 200DMA - the first time the two lines have crossed since Brexit - from Bloomberg markets commentator, Richard Breslow, who however takes on a contrarian, mocking approach to the sudden army of chart experts spawned over the past 24 hours, lamenting that "I’ve never seen more market commentaries that said something along the lines of, I don’t believe in technicals but if this line is broken it’s going to be huge. Or my favorite, I don’t usually believe in technicals, but..."
Which of course is even more insult and injury to all the fundamental, value investors out there, whose investing skills have resulted in precisely zero alpha over the past decade courtesy of such Chief Risk Officers as Central Banks.
Below is Breslow's latest Traders' Notes:
http://www.zerohedge.com/news/2018-04-03/breslow-i-dont-usually-believe-technicals?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
ONE commenter. LMAOOOOOO NO CHIT..
pitchforksanonymous Tue, 04/03/2018 - 08:40 Permalink
Hey look! Futures up 140 on no news whatsoever! It's groundhog day ... again ... and again ...
The markets anymore are the rich mans algos daytrade,, period. They move it where ever they want............
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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