Loading ...Very very strange. Those charts usually go straight down vertical when a correction starts. Obviously the big professionals have their $35 million machines doing the big automatic buying.
Eventually, those same big player computerized trading machines will do big automatic selling. Look how the same machines drove PMs straight up the first half of 2016. I saw many $2 PMs go to $28. I didn’t like seeing that at all. It ended the run too soon.
Another thought. Are people dumping dollars onto anything they can find? Look at Bitcoin, and big cash buying of some real estate. I zillowed Montauk NY last night, a very small high priced town, and it looked like everybody wants to cash out at the same time. CLUTTERD with 200 plus listings priced over $1 million.