Apologies for earlier error in title.
Surging inflation, plunging real wages, jumping mortgage delinquencies, and record crude and gasoline inventories... then Trump drops the 't' word and the market melts up...
Authored by Mark St.Cyr,
For those not familiar, the reference is attributed to a scene from the movie “Margin Call” where John Tuld (Jeremy Irons) makes the sanguinary argument for dumping its portfolio of toxic holdings immediately against contradictory arguments that it’ll be seen as panicking by others with the line, “It’s not panicking if you’re first.”
Herd mentality..." yes, we are all individuals... he's not the messiah, he's a very naughty boy"
Dead Market Walking
The sad saga of Navinder Sarao, who on April 20, 2015 became the scapegoat for the May 2010 flash crash and was sentenced to up to 360 years in prison - he will find out later this year the actual length of his prison sentence - got its latest twist today thanks to a fascinating report how in addition to having lost his freedom, Nav also lost all of trading fortune, some $50 million of it.
What a difference a word makes...
Can you spot the moment when President Trump said the word "tax"...
Record highs for The Dow, S&P, and Nasdaq.