“Tortured Traders” And Uncertainty: One Trader Weighs In On Spooked Markets

“Yesterday, NY Fed President Dudley said it was very unusual to see stocks rising when there’s so much uncertainty. True, but they’re getting a lot of help on the regulatory and tax side. But there’s no evidence in other markets that everyone has a clear vision of the path ahead.”

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Entire World Scrambles To Figure Out Why The Hell The Dollar Isn’t Stronger On Thursday

So what gives? Well, probably not a lot. It could just be everyone is taking a breather. But, in a testament to Nassim Taleb’s “narrative fallacy” argument, we have an overwhelming tendency to ascribe “causes” where there are none.

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