That’s the new thinking about the markets in a crummy global economy where everything is overvalued.
His impeccable sense of timing appears to have kicked in.
If you’re in and out fast, you can make money just by stock arbitrage. Smart players know that. Corporations that work to please them know it too.
The bloodletting will go on until the money dries up.
“The biggest wealth transfer from retail investors to professional investors in history.”
Housing Bubble 2: Sales to institutional investors plunge to lowest level since 2010.
“Not the Fed’s job to rescue reckless investors from the errors of their ways.” Now they tell us!
For individual Americans, economic “growth” has meant the opposite.
On the day when QE ended: Taxpayer were put on hook for a direct subsidy to banks.
Just when you thought we’ve reached the peak of craziness, it gets even crazier.