Josh Brown: Welcome To The Chop Shop: + When Do You Want Your Risk, Now Or Later?

Ted

FYI: Talk to some traders right now and you’ll hear the smartest ones talking about fading each edge of the range – the market-wide breakouts and breakdowns are all false.

Only amateurs are making high-conviction moves these days. They get bearish at SPX 1970 and bullish as we approach 2000. The market is chopping them up.
Regards,
Ted
http://thereformedbroker.com/2016/03/11/welcome-to-the-chop-shop/

When Do You Want Your Risk, Now Or Later?:
http://thereformedbroker.com/2016/03/10/when-do-you-want-your-risk-now-or-later/

Junkster

Ted said:

FYI: Talk to some traders right now and you’ll hear the smartest ones talking about fading each edge of the range – the market-wide breakouts and breakdowns are all false.

Only amateurs are making high-conviction moves these days. They get bearish at SPX 1970 and bullish as we approach 2000. The market is chopping them up.
Regards,
Ted
http://thereformedbroker.com/2016/03/11/welcome-to-the-chop-shop/

When Do You Want Your Risk, Now Or Later?:
http://thereformedbroker.com/2016/03/10/when-do-you-want-your-risk-now-or-later/

Didn't we close at 2022 today? Hasn't oil rocketed ahead over 50% off its lows. Aren't junk bonds leading stocks and many after today's big move up in the 2.5% to 3% YTD range? I just love these so called professionals who talk down to the amateurs. I guess the difference between a professional and an amateur is the amount of capital involved? And as we saw earlier today, those huge sums of capital managed by the hedge funds have had dismal returns the past 7 years.