Hedge Fund Titans Hardcore Bullish Calls Signals Impending Market Doom

David Tepper and Laszlo Birinyi graced CNBC with their presence this morning. Both hedge fund titans, these players pumped the airwaves with bullish commentary like there was no tomorrow. Over the years, from the 2009 lows on the market, they have never been quite so bullish. The markets are already up well over 100% from those lows. So why are they so bullish now?

As an average investor or trader, it has to be very concerning. Their overly bullish sentiment wreaks of an attempt to get the small investor to pour more money into the market. This was the same type of hype that was released just before the epic 2007 financial crisis began. The nature of their call gives the impression of a hedge fund that knows the end is near and needs to sell their positions soon to avoid downside. In a light volume environment, these funds cannot unload quickly. Volume is the lowest it has been in years and any attempt to dump quickly would create a big down move in the market. It must be done slowly and carefully. Thus, they need investors to continue to pump the market up, allowing for this slow exit.

Today, the markets are getting a short squeeze, buying frenzy from the Tepper & Birinyi comments. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) are trading at $164.99, +1.45 (0.89%). This is a new all time high on the stock market.

About Gareth Soloway 168 Articles

Affiliation: InTheMoneyStocks.com

Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form InTheMoneyStocks.com. Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

Visit: InTheMoneyStocks

Be the first to comment

Leave a Reply

Your email address will not be published.