Oct 09 2008

When will the small speculators learn?

Published by at 12:06 pm under Market Analysis

The poor small speculators have it well wrong again. According to the latest Commitment of Traders data for the mini S&P futures (shown below), they remained well long this market right through last Tuesday. Granted, they had cut back their longs from where they were a few weeks prior, but they were still on the wrong side of things.

No doubt some of the pick-up between September 23 and September 30 was expectation of the passing of the $700 bln bailout bill and the anticipation of a positive market reaction. Whoops. I’ll be interested to see how many are still long as of this past Tuesday when the next report comes out.

Meanwhile, the Large Speculators actually worked their way back to their most short levels in recent weeks. I’m much more inclined to watch them.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • LinkedIn
  • MySpace
  • StumbleUpon
  • Technorati
  • Yahoo! Buzz
  • YahooMyWeb
More on this topic (What's this?)
Prieur’s Readings (Jan 30, 2012) (Investment Postcards from Cape Town, 1/30/12)
Prieur’s Readings (Jan 23, 2012) (Investment Postcards from Cape Town, 1/22/12)
Why We May See a Rally in U.S. Stocks (Money Morning, 12/19/11)
Read more on Abc Communications, BK Of East Asia, S&P 500 (SPX) at Wikinvest

Here are some other posts which might interest you:

One response so far

One Response to “When will the small speculators learn?”

  1. # Timothy Sykeson 09 Oct 2008 at 12:44 pm

    thats why they’re small, dumb and poor…90% of traders lose, its survival of the fittest…probly 95% of CNBC of viewers are long all the way down cuz “this is a value investors dream” LOLOLOL BSC and LEH sure were good buys all the way down, right?

Trackback URI |