Sunday, August 27, 2017

Degenerate probability surface has collapsed to one dimension

Matt King: Global QE And "ETFs Everywhere" Have Created An Unstable, One-Way Market


Here the complaint is low volatility, rise of passive investing.  No one is looking at individual corporate performance, all are focused on aggregate indices.

Go back to the Fed balance sheet, it is all about making sure the Swamp gets through a bankruptcy.

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