It’s amazing what passes as a market these days.
Stocks rallied during the Christmas week, and the mainstream financial press would like you to believe bargain hunters swooped in after the weeks of heavy selling to grab some deals. The truth is there are very few actual people still evaluating the merits of publicly traded companies.
The markets are driven by programmed trading and central planning. The artificial nature of markets was on full display last week. Let’s walk through the series of events. Read More.