Authored by Chris Hamilton via Econimica blog,
(The following was written as an outline for a potential book. To this point no publisher has shown interest and time and funds have run out.)
There's a chance tax reform may not get done!!! Inconceivable!!
With WTI back below the Maginot Line of $50, speculative investors are growing increasingly anxious about their record extreme bullish positioning across the energy complex.
As Reuters' John Kemp reports, hedge fund bullishness towards crude oil and refined products including gasoline and diesel appears to have peaked for now, according to an analysis of regulatory and exchange records.
In a note released this morning by Macquarie's Viktor Shvetz, the bank's stunned head of global equity strategy looks at what has become a "world without risk" and makes several observations, the key of which is absolutely spot on: "Investors are probably suffering extreme mental exhaustion.
Authored by Jared Dillian via MauldinEconomics.com,
Bubbles aren’t new - they’ve been around since Dutch tulips - but it’s only recently that they’ve worked their way into the average investor’s lexicon. That’s probably because bubbles happen much more frequently these days.
We never used to get a giant speculative bubble every 7–8 years. But that has been the case since the new millennia.
In 2000, we had the dot-com bubble.
In 2007, we had the housing bubble.