Stock Market March Madness – Quad Witching’s Big Friday Finish

We’re ending the first quarter with a bang.

Our quarter ends 10 days early because stock options expire today and quarterly Futures contracts roll over.  Next week is just the end game for the retail schmucks.   As you can see from Dave Fry’s SPY chart, up volume yesterday was about 60% of the down volume on Wednesday but it COMPLETELY reversed Wednesday’s drop – despite the fact that 60% more people sold than bought over the two-day period. 

This is how we manipulate the markets to make it LOOK like the indexes are holding up when actually we are selling our shares and cashing out.  It keeps the retail suckers buying, especially when paid pumpers like Jim Cramer and the crew at CNBC are on the air 24/7 telling you to BUYBUYBUY and IGNOREIGNOREIGNORE any negatives – just like they did during the 2008 crash.  

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Maybe this time is different, maybe there’s another reason a TV station that averages just 52,000 viewers in the 25-54 key demographic, remains on the air – other than just being a propaganda device for the top 1%.  Certainly they aren’t viable on their own merits as you can reach more people standing in Times Sqare with a megaphone.   

Is it a sign of a market top when CNBC only has an average of 52,000 suckers tuned in at any given moment?  Sadly, in these thin market volumes, 52,000 sheeple mindlessly following Cramer off a cliff can still move the markets, so we have to torture ourselves daily and pay attention to what CNBC is saying as neither Fox Financial or Bloomberg have managed to match CNBC’s impact for moving the markets.  

Even now, when I go to visit brokers on Wall Street, every office has TVs tuned to CNBC (maybe they are not Nielson families), even though, clearly, the broadcasts did nothing at all to help Wall Street avert the last crash and, in fact, many would argue that their mindless trend-following and their constant cheer-leading for the latest bubble greatly exaggerated the damage done in the markets as people tune in expecting news and instead get nothing but PROPAGANDA that leads them to making very poor investment decisions.