AN UNSTOPPABLE BEAR KILLING MACHINE
Courtesy of The Pragmatic Capitalist
A few weeks ago we joked that the SEC had banned all downticks. That might not sound so funny now as there have been almost zero downticks over the last two months. Stocks have rallied on 75% of all days and ever 0.5% dip has been aggressively bought into. This market is an unstoppable bear killing machine. Equities have reversed their full 1.5% losses from this morning as the “buy the dip” trade continues to dominate every minute of every day. The truly amazing rally just doesn’t quit:
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As an aside, you might ask, who ISN’T buying?
Corporate insiders, that’s who. Look at these charts from Insider Cow: