Authored by StraightLineLogic.com's Robert Gore via The Burning Platform blog,
Some reversals of financial trends prove so momentous they define the generation in which they occur. The stock market crash in 1929 kicked off the Great Depression, which ushered in the welfare and then the warfare state and redefined the relationship between government and citizens.
While Forex banks, traders, and other institutions are being blamed for market rigging, the Swiss National Bank can publish reports about its own market rigging, but instead of being a scandal, it's economic data. That's because the vast majority don't understand how the Forex markets work. It's not insulting - it's a fact. Currently there are hundreds of pending litigation cases against a plethora of Forex banks, traders, and other institutions - but none against a central bank.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
80% Or Bust
Not surprisingly, the recent sharp reflexive rally has brought the bulls out in full force as noted by a recent comment on my post earlier this week on “4% From The Highs:”
“…by the time you get confirmation with the long term indicators above, you will miss out on 20 to 30% of the rally.”
As we tweeted at the open, between plunging durable goods, the slide in Services PMI and the tumble in Q1 GDP expectations, it's surprising it took this long to push the Dow green (BUT the S&P smash failed)... Happy Easter Christians...
The name of Russell Clark and his Horseman Global hedge fund are well-known to regular readers: Clark is perhaps best known not only for having run a net short book since early 2012...
... but for being consistently profitable and successful during this period, a time when most of his "pedigree" peers have been underperforming the market and losing money hand over fist.
In fact, based on its size, one can probably argue that Horseman Global is the most successful hedge fund of 2016, if not of the entire decade.