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Whenever CNBC breaks out its “Markets in Turmoil“ chyron, markets tend to rally.
Not this time!
This is my 21st year in the capital markets. I have seen some crazy stuff. Actually, 99% of the stuff I have seen is boring stuff, but it’s the crazy stuff that I remember.
Some of you have the ability to short things, trade derivatives and do all kinds of other fancy stuff. Most others just buy things. For the latter group, it often comes down to very brief moments where you have to decide to buy something cheap.