Ya think?????????????
Submitted by Tyler Durden on 12/01/2011 08:59 -0500
First it was Goldman, now it is Barclays lamenting what is painfully obvious: what has gone up violently, will go down doubly so, once the market realizes that what the Fed and the global central banks have done is applying a band aid to a severed artery. Naturally, the disappointment will be substantial, and while Goldman is angry that its tentacles have to be retracted for a few more weeks before it can acquire the equity of some European competitors for a buck a share, Barclays is angry because it is very likely that it, together with fellow British bank RBS, will be on the receiving end of market fury. This explains the statement by Barclays' Paul Robinson who said that the "market updraft" was "exaggerated" and "it is not easy to make a case that the magnitude of the news quite justifies the magnitude of the global market reaction, in our view." That's ok - the short covering knows best... if only
comments!!!!! as always,,,,,,,,,,,,,,,,,
redpill
redpill's picture
More poignantly, there may be some trading, but investing is dead. When a handful of central planners can turn global stock markets on their head overnight, it is impossible to be an investor. Rather, anyone "trading" at this point is a speculator, trying to guess what these madmen will do next. All that is left is speculation and front running by the big boys when they get the insider info ahead of time.
Exactly,,,,,,,,,,,,,,,,,,,,,,
BlueStreet
BlueStreet's picture
I read it to mean nobody will be able to trade the daily gyrations 'successfully.' Unless all exchanges close they can always obviously try.
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Thu, 12/01/2011 - 09:30 | 1934705 redpill
redpill's picture
Some catch the wave of each arbitrary central planner decision, some probably try to convince themselves it was something they saw coming (these people are called "technical analysts"). But the reality is that I can "successfully" play roulette in Las Vegas from time to time, and probably outperform many hedge funds this year!
http://www.zerohedge.com/news/barclays-market-reaction-fed-action-exaggerated?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
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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