When it comes to Wall Street superstitions, few things - even fading the most recent Dennis Gartman call - beats the Barron's front page article jinx: just when you think something will never happen, Barron's confirms it on the cover, virtually assuring that it does.
In which case, be afraid bulls, be very afraid, because if past is prologue Barron's just green-lit the next crash.
The Barron's argument:
We showed you the "bored" Chinese workers who traded commodity futures for excitement - Now, it's time to meet North America's oil day-traders... moms-and millenials.
The recent volatility in crude oil has gotten the attention of people who do not list trading as their day job, but are randomly attempting to day trade oil anyway the WSJ reports.
Take for example Erika Cajic, a 45-year old full-time parent who took a shot at trading oil via UWTI.
Japanese Prime Minister Shinzo Abe has warned world leaders at this years G7 summit that the world is on the brink of a huge global financial crisis, the likes of which we have never seen before. Abe warned that the coming crisis could rival the 2008 crash, and presented data that proved that commodities prices had fallen by over 55 percent since 2014 – the same amount they fell during the 2008 crash. The other G7 leaders appeared to ignore his warning, as a communique issued at the end of their summit downplayed any hint that a global economic crisis was about to occur.
Authored by Jesse Eisinger via ProPublica.org,
Last year we warned that the luxury condo market in Miami was cooling down, and we also noted that one of the mail culprits was the fact that foreign buyers (especially Brazilians) were seeing their buying power crushed by the appreciating dollar.