Monday, June 15, 2015

Efficient-Market Theory vs. Momentum Herd Mentality

June 15, 2015
Wingstop flies on IPO—latest sign of fast food bubble?

"From a trading perspective, I'm going to put simple 10-day moving averages and 50-day moving averages underneath these names and I'm going to continue to play these things to the long side until I see some sort of trend break," Craig Johnson, technical analyst at Piper Jaffray, said Friday on CNBC's "Power Lunch." "Until then, I'm going to let it ride."

Efficient-market my @$$. His trigger finger is on the sell button. The only real question is the timing. Yippee ki yay.

Greed based chaotic market instability dies hard, baby. That's what I'm talking about.

No comments: