Momo

The Mother Of All Irrational Exuberance

"... relative to today's casino madness and the Goldman fairy tale hockey stick, Alan Greenspan circa April 2000 looks like a model of sobriety by comparison. So if that was Irrational Exuberance back in April 2000, what we have now is surely the mother thereof..."

Dow Drops To 3-Week Lows

Well that escalated quickly as the USDJPY ramp momo ignition failed, VIX pushed up to itshighest in 3 weeks as stocks tumbled below yesterday's lows to 3-week lows...