19 February 2013

SP 500 and NDX Futures Daily Charts - Don't Fight the Fraud

There are many reasons offered to buy equities.

One of the reasons being touted lately is that with bonds in a bubble, and nowhere to go but down, and money leaving commodities, equities are the only place for money to go to obtain a fair return.

But there was another reason offered today on US financial television that had me gobsmacked, as my British cousins say.

The guest said that the market was 'rigged to go higher.'

So obviously one should not short it, and staying out of it is not such a good play either. Rather, if you know the dice is going to come up the same way each time, you need to get in on the betting, whether it makes sense otherwise or not.

Now I've heard everything. Don't fight the fraud.

After the bell, Dell beat earnings by a penny.

What hath Ben wrought.

Don't ask why; just buy.