Long-term gains in the stock market should come from a belief that market fundamentals are improving, right?
A growing number of market mavens believe the fear not to own stocks is what’s driving buying – not a fundamental belief that things area getting better.
Brian Kelly of Kanundrum Research pegged the trend perfectly on Fast Money's Halftime Report. He said, “I think the stock market action right now is all about career risk,. Money managers can’t afford to have two bad years in a row.”
In other words, money managers have to hold long positions in stocks so they don’t miss the next leg higher. But they have to also have to get out quickly, as to minimize losses in the event of a downturn.
Gary Kaminsky, former managing director at Neuberger Berman feels much the same. And he thinks you can profit from their panic.
“There’s a fear of having cash and a fear of underperforming,” he explains. “When the markets are up and as a money manager you’ve held cash and you didn’t participate the most important thing to you is -- getting in.”
As a result Kaminsky thinks the dash for trash will continue. “I think names that did not participate March through August will have relative outperformance.”
Kaminsky suggests looking at apartment REITs and hotel REITs. Ahead of the broadcast he told our producers Avalonbay and Equity Residential are two names to get on your radar.
Trader disclosure: On October 7, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), BTU); Terranova Owns (NOV), (MOS), (JPM); Terranova Is Short (CCL); Terranova Is Short (WYNN); Terranova Is Short (GRMN); Terranova Owns Dec. Gold Futures; Terranova Owns March Sugar Futures; Terranova Owns Crude Futures; Seymour Owns (ACI), (AA), (STD), (BX), (BAC), (SBUX); Seymour Owns (RTP); Najarian Owns (C) Calls; Najarian Owns (BRCD) Call Spread; Najarian Owns (DFS) Calls; Najarian Owns (DELL) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (JPM) & Short (JPM) Calls; Najarian Owns (HMY) Calls Spread; Najarian Owns (LAZ) & Short (LAZ) Calls & Long (LAZ) Put Spread; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (MYL) Calls; Najarian Owns (PLCM) Call Spread; Najarian Owns (TEVA); Najarian Owns (ORCL) & Short (ORCL) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (WFC) Puts; Najarian Owns (YHOO) Call Spread; Najarian Owns (DFS) Calls
Artist Eric Drass, aka Shardcore, provides the news in two seconds or less with his latest Twitter bot, Glitch News Network. Beware of headache-inducing montages.
Watching and processing a constant stream of news can feel like a 24-hour job when you consider how much information is relayed on TV and the Web these days.
In his latest Twitter-bot project Glitch News Network, UK-based artist Eric Drass, aka Shardcore, takes advantage of various online news sites to make quick, nonsensical videos. The social-media bot "scrapes various online news sources for images of the latest stories" and the visuals are "glitched and mashed into a video which lasts less than two seconds."
"We are visual creatures, hard-wired to recognize and react at astonishing speed, yet we're 'unaware' of 99 percent of the visual stimuli we encounter," Shardcore writes in his blog explaining Glitch News Network.
"If we objectively examine our behavior, the vast majority of our actions are being carried out 'subconsciously,' and hence they tend to remain 'invisible' to us, and therefore seemingly of no concern," Shardcore continued. "Subliminal messages play on this disconnect between subconscious and conscious recognition. That's how advertising works."
The super-short video mashups from Glitch News Network already shared on Twitter show quick glimpses of political debates, the Academy Awards, soccer matches and even a fox's face. The only way you can see the images clearly is if you pause the video itself at random intervals. It's definitely an intriguing look at all the visuals we're subjected to throughout the day.
"The Glitch News Network perhaps offers a glimpse of the future, where we further disengage from our conscious central executor and merely stream blipverts at our subconscious," Shardcore concludes on his blog.
Previously, Shardcore created bots to do everything from rile up hipsters by mismatching band names with images on T-shirts to misinforming the public with absurd and untrue factoids.