Sometimes, with the market, it’s just a feel that something’s off.
After years talking to people all day who invest and trade, and watching my own irrational stock screen, you know it when you see it or feel it.
This is one of those times, just weirder than usual. As I tweeted out last night (embellished in more than 140 characters): Good is bad (SodaStream has blowout numbers and the stock goes down), bad is good (Green Mountain has horrible numbers and the stock goes up) and a whole bunch of stuff simply doesn’t make sense.
Shorts complain they can’t get stocks to borrow to create a short position.
Yet as Zero Hedge mentioned the other day: Short interest in the Powershares QQQETF “is now at its lowest since October 2000” while short interest in the SPDR SPY ETF is at its equal lowest since October 2007.
Yet (and I hear this repeatedly) longs complain they can’t find stocks to buy.
Then you get the Knight Capital trading snafu ; a market that appears to be maneuvered by mysterious algorithms; oh, and yes — Europe and a market seemingly tied to an endless stream of macro headlines that have almost become numbing like white noise.Page 1 of 3 | Next Page