The Real Peak Complacency
Posted with permission and written by John Rubino, Dollar Collapse
Stocks are at record highs while volatility is at a record low. Which is another way of saying that investors aren’t as worried as they probably should be about the coming year.
Odd..
Steven Cohen's veteran top trader is leaving, just months before the formerly-barred hedge fund manager is expected to resume managing outside investor money.
As the NYT's Matt Goldstein reports, Phil Villhauer, 52, who started working for Cohen's then-SAC Capital in 2002, was promoted to global head of trading at the successor company, Point72, shortly after Cohen was forced to stop accepting outside investors’ money as part of an insider trading settlement with federal authorities, converting his hedge fund into an $11 billion family office.
Authored by Lance Roberts via RealInvestmentAdvice.com,
This past weekend, I discussed what appears to be the markets ongoing melt-up toward its inevitable conclusion. Of course, that move is supported by the last of the “holdouts” that finally capitulate and take the plunge back into a market that “can seemingly never go down.” But therein lies the danger. To wit:
It appears that "fake news" has finally made it to the news wires.