The word “gloomier” inconveniently shows up to describe CEOs’ outlook.
The spike came with no trader buzz. The buying was all electronic and instantaneous. But what will algos do when momentum flips?
LBO volume plunges to the lowest level since crisis year 2009.
San Francisco Fed: Investors are pricing in “a later liftoff date” for the federal funds rate and a slower pace of tightening than FOMC participants themselves.
“We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”
The price of market manipulation keeps dropping.
This type of corruption is costly for retirees and very lucrative for Wall Street and politicians. Now they want to legalize it as “free speech.”
Investors won’t even know what exactly is in the pool.
They’d piled into the new “risk sharing RMBS bonds” issued by Fannie and Freddie. Wall Street provided 80% leverage. Buying frenzy ensued. But it didn’t last long.
The game has been honed to perfection. Everyone is playing along. And it performs miracles. Or it did. Because just now, it inexplicably conked out.