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Gordon Taylor
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The Brutal, Beneath-the-Surface, Slo-Mo Crash of Stocks

- Wolf Richter -

Quote-
Only, it is already happening to thousands of stocks! The process is expanding and deepening, drawing evermore stocks into its vortex. But even while the googly-eyed mainstream media celebrate the Dow’s record high and speculate when the S&P 500 might itself set another record, stocks are being gutted one by one beneath these illustrious indices. The carnage is spreading. And nothing in history indicates that this might be a temporary blip, or that these stocks – after a dizzying, rationality-defying five-year bull market – will somehow not drag behind them those stocks that are still managing, by hook or crook, to keep their nose above water.
-End Quote

This is one of the most profound statements I've ever read on the stock market. When this house of cards falls, it will only surprise those that have not be following people like Wolf. When will someone drop that match that ignites this whole pile of paper?

Great article, great writing ... as soon as I click Add you comment ... I'm going to buy some more metal.

Commented 3639 days ago

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Beginning of the headline :Leon Black, epitome of the smart money and CEO of private equity giant Apollo Global Management, explained the phenomenon this way during Thursday’s earnings call: At a conference in the spring of last year, I was somewhat infamously quoted as saying that we were selling everything that was not nailed down. Here, at Apollo, since then, it’s no secret we’ve been very active in monetizing the existing investments of the funds we manage, but even I didn’t foresee the remarkable pace of the activit... Read More

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