Two days ago we reported that one half of JPM's Croatian "Duo of Doom", namely equity strategist Dubravko Lakos-Bujas, became every BTFDer's worst enemy when he said that the time of BTFDing is over, and a regime change has arrived one in which rallies are to be sold. To wit:
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
2016 has thus far been a year characterized by remarkable bouts of harrowing volatility as the ongoing devaluation of the yuan, plunging crude prices, and geopolitical uncertainty wreak havoc on fragile, inflated markets.
With asset prices still sitting near nosebleed levels after seven years of bubble blowing by a global cabal of overzealous central planners with delusions of Keynesian grandeur, some fear a dramatic unwind is in the cards and that this one will be the big one, so to speak.
Some thoughts on what lies ahead while President Obama jawbones... (grab a glass of wine or bottle)
Submitted by David Haggith via The Great Recession blog,
With rate-hike odds plunging for every meeting across 2016, and bond yields collapsing almost as fast as stocks, it appears the market's faith in the The Fed is faltering fast...
Crude is now down 20% since The Fed! Stocks down 7% and bonds and bullion up 2% - does that sound like The Fed's decision inspired confidence?
No - of course not. But then there's this: