Did the Smart Money Know?

[tsptalk]

Did the smart money know? As you probably know, the market is down sharply this morning after the N. Korean strike on the S. Korean island, and yesterday we saw the smart money getting more defensive than any time in years. Makes you wonder.

This chart is from the Nov 23 commentary.

 

[James48843]

Yep.

Think about it. The North Koreans were in the news two day ago, with a lot of press about their new Nuke Lab revelations. You know, it always seems that when North Korea gets their hands caught in the cookie jar, that they do something stupid within a very short time, to get people to stop talking about the stupid thing they did and start talking about something else. It's as regular as clockwork.



Then, the smart money knew something, and moved to the sidelines.

Perhaps they had satellite photos beeming down on field artillery pieces being moved into place.

 

[FAB1]

Smart money knew about those FBI raids on the hedge funds, and probably more to come. Timed just right to ruin the holiday bump, eh Obama?