The 'Market State' Prediction Went Terribly Wrong
Submitted by Richard Fernandez via PJMedia.com,
Submitted by Richard Fernandez via PJMedia.com,
Via EvergreenGavekal.com,
“The areas of consensus shift unbelievably fast; the bubbles of certainty are constantly exploding.”
– REM KOOLHAS, RENOWNED DUTCH ARCHITECT AND HARVARD UNIVERSITY PROFESSOR
SUMMARY
Submitted by Pater Tenebrarum via Acting-Man.com,
A Serious Contender with a Plan
Donald Trump has obviously become a serious contender for the Republican nomination (in spite of the fact that he has suffered a slight setback on Saturday). He has morphed from a “joke” that the pundits were absolutely sure “would soon flame out” to the leader of the pack. Funny enough, the only candidate who still might have a chance to catch up to him is Ted Cruz – whom the Republican establishment reportedly doesn’t really like all that much either.
If anyone is still confused why the most predatory, parasitic, and in many case criminal, of HFT actors are so vehemently opposed to IEX's HFT-limiting exchange application, here is the reason.
Back in late February, when crude prices had just hit a 13 year low, one catalyst unleashed a furious short-covering rally: a WSJ report which cited a delayed SkyNews interview with the UAE energy minister, according to which OPEC would freeze, if not cut production.