Business

Via GoldSwitzerland.com,

Lars Schall interviewed Peter Boockvar. Peter is one of those rare and informed people in the investment space who really understands the history and role of Central Banks in general, the Federal Reserve Bank in particular, and their interactions with the financial industry on (government) policy. We are very pleased to have Peter Boockvar on board this month with his first Matterhorn Interview. We recommend a good listen below.

Remember how awesome it all felt yesterday, yeah that's all gone... Pride (in senseless uncorrelated low volume rallies) always comes before the fall...

Via Dana Lyons' Tumblr,

Oil stocks are at a seemingly “must-hold” level within their long-term reversal attempt.

Over the past two weeks we observed two curious, vol-related phenomena.

First, it was Tom DeMark cautioning that even as stocks have surged, the amount of VXX shares outstanding has soared to record highs, a seemingly contradictory confluence of events because it suggested that investors, traditionally "going with the market flow", are betting on a major vol reversal and furthermore the move contradicts historical shifts in VXX holdings at times of extreme market upside.

By Richard Breslow, a former FX trader and fund manager who writes for Bloomberg

Monetary Policy as a Weapon of Mass Destruction

"A man’s gotta do what a man’s gotta do" has negative connotations. And for good reason. It suggests resignation, lack of any choice or simply the absence of care for the consequences. The forced grasp for yield in today’s markets very much brings the phrase to mind. Investment managers across the board are repeatedly compelled to chase it at painfully bad levels.