Mad Money Recap | Nightly Recap for: Tuesday, June 15, 2010

Mad Money Recap Nightly Recap for: Tuesday, June 15, 2010: "In other words, this is a mile that I regard as being a mile wide and a quarter inch thin… which can end on a dime… we used to have rallies… fundamentally based rallies… they were great, good news came out… people went bolden to buy… the market traded up to what is known as supply… people would buy stocks all the way up until we found sellers… people wanted to take profits… or people would say listen, my stock is up $2, I want to sell.. that is how the market used to work… it is now how this market works… now we buy stocks until some technical level is triggered… and then the shorts come in and buy stocks because the technical level got triggered… meaning there are people betting against the market… maybe because of last night miserable close… remember, it was down in the last 20 minutes… or maybe they accurately predicted that the data and earnings… Best Buy, Empire, Europe… would be bad… and that would bring out sellers… so they shorted the market… and then the sellers did not show up… or right now we buy stocks until the ultra ETF’s… those financial products of mass destruction… come in… we sell stocks… but today the ETF sellers took the day off in the last 20 minutes.. . they were there yesterday, what happened today?"