More evidence of the madness and mayhem of QE-inflated market prices, coupled with low participation and the wild west of unregulated Algo traders on leverage. Watching “Tweets” as the commentary suggests is nonsense, watch what? Watch market bids evaporate in seconds? That helps one mange capital risk in this grand casino how? This toxic soup of broken, rigged markets provide little reasonable prospects for legitimate risk-conscious investment. It is quite a mess.
Stephen Ehrlich, CEO at Lightspeed Financial, talks with Scarlet Fu, Sara Eisen and Tom Keene about what we learned from Tuesday’s Twitter hoax that caused the market to plunge and what type of safeguards the industry can put in to protect against false reports.Here is a direct link.