The CNBC Bottom

Nearly every "expert" on CNBC thought that shorting this market was the right trade and was confident about it. Mr. Market does not like it when it when everybody thinks they have him figured out. Or is it Ms. Market? Stay tuned. Have a good night.

2 comments:

CP said...

Yes and no. Remember the April rally went on faaar longer than it should have. There were weeks of ridiculously high levels of call buying.

We really haven't seen any impressive amounts of put buying.

Also, there are a fair number of strategists saying that this is just a dip that should be bought.

Anonymous said...

Maybe so, but know everyone on cnbc is bullish!!