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Marko Kolanovic: ‘Calls For A 1929-Style Recession Are Now Getting Quieter’
A couple of days back, we said that if we had to guess, we'd be inclined to think JPMorgan's Marko Kolanovic would be on the record with something new in relatively short order in light of recent market events.
When last we checked in on perhaps the Street's most recognizable name, Kolanovic was outlining the "liquidity-volatility-flows feedback loop" that serves to perpetuate downside momentum when things get moving in the wrong direction.
In the same piece, he also weighed in on the the exte
OK, if we’re to believe that modern market trades are 70% or more computer-generated. What on Earth makes us think that market behavior will ever again follow market norms???? If market growth does not reflect fundamentals, why should market deterioration?
Isn’t the so-called free market dead?
There’s simply no value to be had. Anywhere. All assets are madly overpriced right now. That’s what happens when you print a few trillion, and pump it into the stock market. Law of diminishing returns operates, of course. Gonna be an interesting year if Mom & Pop saver realise how bent all this is, and decide not to play for a while. We could even see… oh I don’t know… massive outflows of cash
So the global slowdown and retail sales in the porcelain fixture mean nothing?
I can’t find the word “economy” anywhere here but in my own post. What is Gandalf really afraid of here?
Still, love it. More Gandalf! All Gandalf!!
I may just be an Epsilon, and not a physicist, but it doesn’t kappa make sense to me for people responsible for investing other people’s money to sigma buy more of something as it omicron increases in price.
So your contention is that stewards of capital should only use other people’s money to buy things that are falling in value? I’m not sure that’s going to go over too well with your clients unlessin’ you think you can pick the exact moment when that thing you’re buying which is falling in value is going to stop falling. “Falling Knife Catchers Capital LLC”
Ha! No. Steamroller Pennies.
Seriously, though, I am dumb money, a retail investor, and probably the poorest one who has ever posted here. I have learned a lot (a large chunk from you) but I believe in not averaging up and buying when the crowd is also buying and pushing prices up. If there are multiple systemic liquidity issues, it seems more prudent to me to either sit on dry powder or investing in value companies: Coke right now instead of Starbucks, for example.
I’m just messing with you. and believe me, money and smarts aren’t everything in this world.