Other than the laughable comment that equities were fairly valued in the New Year, Cooperman’s discussion here on the farce that publicly traded markets have become is worthwhile. Here is a direct video link.
And of course, Joe Saluzzi is a true expert on the function of markets, and is one of the people documenting the madness and mayhem being condoned by co-opted market regulators everyday via his Twitter feed here.
The market has a design problem, says Joe Saluzzi, Themis Trading, sharing his thoughts on the impact of high frequency trading on the market’s wild swings. Here is a direct video link.