Well, THIS was nice news to wake up to! Battening down the hatches, today! :)
Well, THIS was nice news to wake up to! Battening down the hatches, today! :)
SUBTLE?! Hell no, it wasn’t ‘subtle’.
Someone dumped three-quarters of a billion dollars notional of US equity market exposure in 1 second. This happened yesterday, on Columbus Day, at 1532ET with half the market absent. The result was a complete collapse of all liquidity in the S&P 500 e-mini futures contract - the world’s most liquid equity exposure vehicle...
This Is What Happens When Someone Is Desperate To Sell $750 Million Of Stocks
http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks
I shifted most of my of out of stocks a couple of weeks ago.
“What happens if unemployment continues to fall toward 5.5% and inflation drops below 1.5%? Can this Fed – not you or I, but the aggressively Keynesian members sitting on that board – justify raising rates if inflation is only 1.5% and falling? Which is the more important data number, unemployment or inflation? Or do they both need to click into place?”
That puzzle is pretty easy to solve, both numbers have been fudged to the point of being meaningless.
Real inflation is already about a point higher than that, and unemployment is double that.
I hope his entire theory wasn’t based on that.