Debt Rattle February 12 2016
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NPC Ezra Meeker’s Wild West show rolls into town, Washington DC 1925 • Japanese Stock Market Plunges 5% As Global Rout Gathers Pace (Guardian) • Asian
[See the full post at: Debt Rattle February 12 2016]Odd article by the Guardian….
https://www.theguardian.com/business/2016/feb/11/stock-markets-hit-by-global-rout-raising-fears-for-financial-sector“Saker Nusseibeh, chief executive of Hermes Investment Management, said: “There is no fundamental reason for the market to be in this state … We think it’s because the market is dominated by people who do not invest on fundamental factors.”
The use of financial instruments that track markets, such as exchange traded funds and commodity trading advisors, was part of the reason for the phenomenon, he said. “It is creating a situation where the market is separated from reality … It’s Alice in Wonderland. They are turning stock markets into casinos.”The markets starting to find price discovery is non-reality?? Where have these people been living the last few years??
Sorry….. rhetorical question.
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