Jim Chanos, Kynikos Associates, shares his perspective on the markets; institutional shorting; and why he believes China’s economic troubles are getting worse. Here is a direct link.
The Chinese bubble deflating has been harming its previously ferocious growth and commodity markets which had come to rely on unsustainable demand. See: Wheels come off of the commodities supercycle
More from Rick Santelli on “the high-speed casino our markets have become”…Here is a direct link.
And here on the capital risks inherent in today’s broken, shallow markets. Exchanges need to move back to a public utility model and away from the profit-desperate, inattentive toll booths they have become. Here is a direct link.
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.
Cory’s Chart Corner
Sounds like he's saying big FAT sustainable dividends lie near the bottom. Yummy!
Paul Tudor Jones in an Interview with Patrick Oshaughnessy sums up and connects the valuation pieces of the overall market well:
“We’re 252% of stock market cap to GDP. In 1929 we were 65%. In 1987 we got to ~85-90%. In 2000, 170%.
If you think about the periodicity of
