Today Is Visual

While I am not one for believing scary headlines in general, today’s reaction in the equity markets to the news discussed here yesterday in the credit markets may be the beginning of an ugly period for long-only investors across asset classes. If Bank of Japan or the Fed raises rates, this could be the nail in the coffin.

For now, I wish I was an options trader because there will be volatility all around as people try to sort out heads from tails and emotion from reality.

If you believe this article: Grim reapurr: The cat that can predict death then you should dive right in and start buying.

But today’s markets make me think that think that Taleb will be laughing as he looks in the rearview at this round of people who were
Fooled by Randomness

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