“The markets in a panic are like a country during a coup, and seen in retrospect that is how they were that day,” wrote a young Salomon bond salesmena named Michael Lewis, of the chaos he witnessed. “One small group of people with its old, established way of looking at the world is hustled from its seat of power.”
Via LyonsSharePro.com,
The following guest post is a first-hand account of the events surrounding the Crash of 1987 by JLFMI President, John S. Lyons.
Personal Recollections of the Crash of 1987 on its 30th Anniversary
“There was no ‘smart money’ that day.”
As it turns out, it’s not what an executive says during a corporate earnings call that matters, it’s how much time they spend saying it.
Prattle, a market-research company that recently closed a $3 million seed round, claims to have discovered a surprising correlation between the length of time executives spend speaking during a quarterly earnings call, and the performance of a company’s stock over the short- and long term, MarketWatch reports.
Buy it all... On the week - Stocks are up, Treasury Bonds are up, Corporate Bonds are up, Gold is up, Bitcoin is up, and WTI Crude is up...
Before we get started - consider the following...
Authored by Robert Gore via Straight Line Logic blog,
It will be a crash like we’ve never seen before.
SLL has been accused of trafficking in “doom porn.” Guilty as charged. If you don’t like doom porn, don’t read this article, it’s hard core. If you prefer feel good and heartwarming, there are plenty of Wall Street research reports and mainstream media stories about the economy available. Enjoy!