People really are Fools – Strategy for a Gap Opening

So Merrill Lynch reports that cash levels are at all-time highs.

CNBC’s shill for the big money centers and traders – Bob Pisani – is yapping about it all morning.

The indexes gap open.

The only people who win – The institutions and Merrill Lynch who knew this data yesterday and were buying futures at the close. It happens way too often to be randon. It is rotten.

Don’t be fooled by these gaps. Of course there is record cash. Wal Mart just reported WEAK sales. Last I checked, they were an economy unto ityself. The people of this economy are not spending their cash at Wal-mart – deal central of the world, so why would they buy risky stocks?

The fed has been printing cash for the last 4 years at record levels. Big Money does not want to put that cash to work because the market sucks. THAT IS WHY THERE IS RECORD CASH.

You put money to work if there is extreme value or their is THICK leadership. I don’t know about value, but I don’t see the thixck leadership.

Just another reason we need better financial reporting.