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January 13, 2012
Edited: January 13, 2012
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Today's headline: 'Debt talks break down, Greece talks of disaster'
In past times, that type of headline would cause the market to drop 200, 300, even 400 points off.
Yet...........
Today, the DOW is less than 100 points down and the market is advancing as of early afternoon.
It appears less FOOLS are taking the bite. The smart money needs to invent another FEAR so their manipulation of Fools can continue.
RTMB always makes money on big down days. The VIX (fear factor) climbs and mighty strong stocks tumble temporarily. Writing Puts on those becomes extremely easy and very low-risk money for the taking. Today's action on Coke (KO) is a good example (South america orange fungus fears). .
The BigBoys need to go to the drawing table and come up with a new Fear factor...maybe the upcoming China housing bubble can do the trick.