Tuesday , November 19 2019
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Trading Like It’s Late 2007 All Over Again (Newbie Spoiler Alert: That Was The Warm-Up, Not The GFC)

Summary:
This time, it refers to the belief being expressed all over the place this morning that nothing is as bad as it sounds because we’ll always have climb downs and central banks. It’s a horribly dangerous way of assuming how the world works in the long-run. https://www.zerohedge.com/news/2019-05-13/trader-reminds-me-how-stocks-traded-late-2007

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This time, it refers to the belief being expressed all over the place this morning that nothing is as bad as it sounds because we’ll always have climb downs and central banks. It’s a horribly dangerous way of assuming how the world works in the long-run.

https://www.zerohedge.com/news/2019-05-13/trader-reminds-me-how-stocks-traded-late-2007

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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