I am beginning to worry about the recent gains in my portfolio. This global market push since early march is totally unjustified. Its just the normal bear market rally.
What scares me is the PM shares (the baby) will once again be trashed as the market resumes its crash (thrown out with the bath water). It is sad, but shows just how stupid the average trading house is. The US was once a nation of leaders and doers. Now it seems more and more to be a nation of sheep being lead by a small cadre of judas goats.
The senior managers of GM recently dumped nearly a million shares of GM stock. Who would buy it?
Cynical me: Sometimes I wonder if some of the mutual funds just serve as puppets of the boyz. Buying when the in-crowd needs to sell and selling when the in-crowd needs to buy.