Wednesday, June 16, 2010

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

Mad Money Recap Nightly Recap for: Tuesday, June 15, 2010: "Sometimes it just makes it too hard… too chancy… too unworthy of your money… that checking account feels so good on a day like today… yeah, and it was up… so the fact that this market rallies on nothing but bad news means that this move is based on quicksand… I think that it will last until a big seller recognizes that things are not so hot and starts dumping stocks… the high frequency traders quickly abandon their bids… so there are no buyers underneath… the ETF’s come in and they double and triple ultra short sell the market and knock it down… people who run the ETF’s then have to be quick sellers at the end of the day to rebalance the shorts… and the SEC loves it.. because the SEC is worried about that big German bank that may have got hurt by another bank."