Pay No Attention to the Man Behind the Curtain

Charles Hugh Smith: In effect, Greenspan et al. assumed there would always be a pool of buyers willing to buy whatever stocks sellers were unloading.¬†One potential pool of such buyers are those traders who bet on a market decline by selling short–selling shares at the top that they would buy back after a decline, pocketingContinue reading “Pay No Attention to the Man Behind the Curtain”