Anyone tired of the current market structure
In the last 18 months or so we’ve now had three episodes of 2 week periods or less where blue chip stocks made 20-30% moves. For an economy that has largely been steady despite the recession fears. I’m not sure where it’s coming from completely - lack of banks prop trading, decline of long only slow money, algos, quant funds. But as someone who believes things have a fair price given fundamentals it’s hard for me to believe the world news calendar is explaining.
Luckily caught a lot of this as I was buying value late October. I sold like 5% of my positions this week. Personal opinion even a lot of value stuff up 20-30% in days still looks cheap. In theory we should chill a bit now, but I have no idea how bad the positioning is. Especially in the illiquid months it seems like the market is going to crazy extremes.
Hey traderlife, sorry about the delay, but are any of these useful:
Hope that helps.
Not sure what you mean. Markets are working as they always do-- adapt or die. :P
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