Overheard on StockTwits: The Other Side of the Trade

Well markets are selling off again today with the indexes all down over 1%.  Since everyone knows the bearish case, we  figured for today’s morning buzz we’d bring you the other side of the trade:

Earnings are still coming in nicely for large industrials such as $DE.

Inflation coming in relatively tame.  This is conducive for low rates for an extended period of time:

When everyone is looking for a crash, it rarely happens:

@Contrahour sees some contrarian indicators and may start to nibble long.

The oversold are REALLY over sold

Some bullish options activity and money flow:

Some large financials are strong in a weak tape:

15 comments

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  6. Dave Pinsen says:

    I like the tweets where someone says they bought or shorted XYZ at $X today, and they include a link to a blog post explaining their rationale for the trade. That’s actionable, and trackable.OT, but you ought to try to get Eric Falkenstein to join the StockTwits network, if you can. He is brilliant, fond of shooting holes in the conventional wisdom, and he’s funny in a cynical sort of way. Check out his latest post, Barry Nalebuff’s Banana.

      • Dave Pinsen says:

        I’d be happy to, but I don’t know him personally. And it looks like he deleted the comment I left on that post, so he doesn’t seem to be a fan of me. But I’ll go ahead and post a link to our correspondence here on his blog and maybe he’ll reach out to you if he’s interested.

      • Dave Pinsen says:

        Dr. Falkenstein writes back (in the comment thread of that post):

        hmmm, per the comments, I don’t remember deleting your comment! I rarely do unless it’s spam. In any case, I’d be happy to talk to your friend. He can email me at efalken at gmail.com.

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  9. Dave Pinsen says:

    I like the tweets where someone says they bought or shorted XYZ at $X today, and they include a link to a blog post explaining their rationale for the trade. That's actionable, and trackable.

    OT, but you ought to try to get Eric Falkenstein to join the StockTwits network, if you can. He is brilliant, fond of shooting holes in the conventional wisdom, and he's funny in a cynical sort of way. Check out his latest post, Barry Nalebuff's Banana.

  11. Dave Pinsen says:

    I'd be happy to, but I don't know him personally. And it looks like he deleted the comment I left on that post, so he doesn't seem to be a fan of me. But I'll go ahead and post a link to our correspondence here on his blog and maybe he'll reach out to you if he's interested.

  12. Dave Pinsen says:

    Dr. Falkenstein writes back (in the comment thread of that post):

    hmmm, per the comments, I don't remember deleting your comment! I rarely do unless it's spam. In any case, I'd be happy to talk to your friend. He can email me at efalken at gmail.com.

Comments are closed.