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Behind The Scenes Of August’s ‘Wall Street Whiplash’
Everybody's astounded by the rapidity of the market recovery from the August 2-August 5 growth scare and accompanying vol shock.
Certainly, the dizzying reversal constitutes a marvel, particularly to the uninitiated. If you're the financial press, it makes for good headlines.
When and where possible, I try to avoid suggesting the vast (vast) majority of investors have no hope whatever of coming to terms with what's actually driving the price action, but... well, it is what it is. And what it i
Thanks. Officially above my pay grade. Read but not totally understood.
Clear. succinct. Thank you.
This is part of the value of your report.
Also:
“…somewhere in a cookbook there’s a recipe for disaster. The ingredients are leverage and smart people.”
Or
“If there’s anything more dangerous than smart people with leverage (and I’m not sure there is) it’s probably dumb people with leverage.”
And you get it with a side order of humor. Very dry. Like a good martini (sorry I know you don’t partake).
This for 6 and 2/3 dollars per month.
My apologies to the rest of the audience, but you need to raise your prices.