Authored by Sven Henrich via NorthmanTrader.com,
In the movie Flatliners aspiring medical doctors tried to unlock the mysteries of death by, well, killing themselves. It was meant to be a controlled death of course, to flat line on the heart rate monitor for a few minutes to find out what wonders where to be found “on the other side” only to then return safe & sound thanks to medical intervention. Well, they soon found out the other side wasn’t everything it was cracked up to be and the main character soon got regular beatings as the sins of his past came back to haunt him.
In my view markets find themselves in a very similar script. The promise of investor nirvana where the pains of real life no longer matter. If you only pay attention to the record highs headlines it all looks rather fantastical these days.
Prices only go up no matter what time frame you look at.
http://www.zerohedge.com/news/2017-10-08/flatliners-dead-market-walking
Oh I’m kidding of course, but any trader staring at the tape knows that we find ourselves in the most compressed price environment in history.
This is not normal, there’s no heartbeat:
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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