Japanese Stocks Routed, Kosdaq Collapses As Global Stocks React To Wall Street Turmoil
So you tell me: “healthy correction” or “global rout”?
So you tell me: “healthy correction” or “global rout”?
Who’s ready for another week like last week?!
“… if you are still in the Wall Street casino, run don’t walk toward the nearest emergency exit.”
This should be interesting.
As one derivatives trader we spoke with back in November put it, “almost everyone needs an exchange.” When you shutter these exchanges or worse, if governments were to make convertibility into dollars, yen, euros (or whatever) illegal, this whole thing would go “poof!” overnight.
Well fast forward to Sunday, and there’s more cryptocurrency news out of South Korea.
“…we know of no melt-up that had legs of more than a few months after the point that irrational exuberance went full retard, as is happening at this very moment.”
As this year melts into next, we thought we’d revisit five key problems the country faces for readers who have a keen interest in the extent to which America, while not the barren, bone-strewn wasteland imagined in Donald Trump’s inauguration speech, does have a set of rather serious issues it needs to address in 2018.
On Thursday evening, Donald Trump issued a challenge to one of his political rivals on Twitter.
That wouldn’t be news in and of itself since he does it all the time, but this particular Quixotic endeavor was noteworthy because the windmill at which he is tilting isn’t a human being.
“LAPD Sgt. R. Briggs described the contents of the package to be horse feces.”
“Litecoin has been very good for me financially.”
“These are the things that fund managers are expected to discuss, and they are often the right things to discuss. But if you have no justifiable idea whether the process itself should or will lead to outperformance, what the hell are you actually measuring?”
“He pours the gasoline of sexist language and lights the match gleefully knowing how it will burst into flame in a country reeling from the #MeToo moment.”  Â
One small step…
There’s trouble in market paradise.
Uncertain outcomes…
“We’re not going to have a real conversation here — can’t you just tell the president that he is brilliant and say we’re losing … the connection and then hang up?â€
To be sure, it’s impossible to know when something like this will finally succumb to reality, but these kinds of things are vulnerable to crises of confidence and in the absence of any kind of fundamental thesis to fall back on, it won’t be immediately clear where the “bottom” is when Wile E. Coyote finally looks down.
If you’re like everyone else in America, you’ve got some questions for Treasury Secretary Steve Mnuchin.
“That’s one small step for rich people and corporate ‘citizens’ and one giant leap for Republicans who can’t get shit done”…
You people are an irrational bunch and you always have been.
“There is no possibility whatsoever that the king will abdicate,’’ one official said, in response to written questions on Sunday, adding that Saudi kings are in the habit of remaining in power even when they’re sick and besides, King Salman “enjoys perfect physical and mental powers.”
Steve is at war – still.
“When given a choice between $1,000 worth of Bitcoin and $1,000 worth of a traditional financial asset, 27 percent of millennials chose Bitcoin over an equivalent amount of stocks, 30 percent chose Bitcoin over government bonds, 22 percent chose Bitcoin over real estate, and 19 percent chose Bitcoin over gold.”Â
“Should the markets begin to reverse, however, investor goals will turn to capital preservation and limiting losses.”
Some folks are defaulting.
“Today’s market is in desperate need of a “Value Investor’s DeadPool.†With the constant fleeing of capital from active management into passive (most of which can certainly not be described as moving into “valueâ€), the pain for those investors still believing that buying cheap companies has merit is intense.”
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