Trader: “We’re Struggling To Understand Why Things Are Even Happening”
It's a confusing time in which to trade. There's little question about that.
Nothing seems to make much sense and for those of us who write about markets from a cynical point of view, that's actually a good thing. Because when no one can figure out what the fuck is going on by reference to anything that's some semblance of rational, people start looking to people who are ostensibly irrational for answers.
Why have the two "sure bet" trades of 2017 (long USD and short USTs) gone so horribly wro
I read in a book somewhere that every alcoholic has a world-destruction fantasy. Now, I don’t consider myself an alcoholic, but I am an addict of a sort and I think that statement is true. I’ve always had a fascination with how things will end – not forever, obviously – but just how current distortions will resolve themselves. I have to admit that the last year or so, the fantasy aspect has been playing in my mind quite a bit. It isn’t a fantasy in the childish sense either, it’s more like watching a train wreck. It just happens to be the train that I am on. I don’t remember the book exactly, but I remember the author. James Lee Burke. Good novelist.