Trader: You’re Getting ‘Payback’ For Gains That Were ‘Borrowed, Not Earned’
Well, Friday was another wild fucking day for stocks. Irrespective of where everything closes, there was no comfort to be found in the price action. The kind of manic swings we witnessed to close the week are indicative of something, and whatever that something is, it's not conviction.
At one point during the session, before paring losses aggressively, the S&P was on pace to post its worst weekly loss since November of 2008.
There is no sugar coating that. It's some awful shit. You can't
Sooner or later all markets will move to their mean value, yes even good, bad, fair, unfair, lying, cheating, stealing all of them will correct eventually to their true value, most people usually forget about that absolute.
OR mean values can move towards where the markets are without the markets having to move towards their means at all. You know, mathematics and all.