- a dearth of sellers,
- retail's resilience, and
- Obama's intransigence over natural gas.
Desperately Seeking Sellers
Posted at 4:23 p.m. EST, Feb. 26, 2010 Doesn't it feel like there's no stock for sale? During the correction at the end of January and the beginning of February, you could find no bids. You would be "underneath" and get crushed for almost all the good stocks. Consider that Apple ( AAPL) went down to 191 eleven days ago and it did so in a heartbeat. Nothing but sellers. Now it feels like there isn't a share for sale. Chevron's ( CVX) the same: $79 to $69 in a week, losing scads and scads of points. Verizon ( VZ) and ATT ( T) were also typical. It was like there was no one around and no floor. With these two, the dividend seemed to mean nothing. The buyers were just gone. But the sellers? They were there in force? Over and over. Stupidly selling into nothingness. > > Bull or Bear? Vote in Our Poll Now it has the same melt-up feel as it had meltdown. Nothing around to buy. Remarkable. Seeing as there is nothing to go around, you could see the following happen: we get oil back to $80, gold up again, the dollar down again and a breakout on so many charts (see my