Prieur Perspective: Global Equities May Be Profitable Long-Term
I’ve been away from the trading desk and the market bloodbath during the past few days since I'm on a business trip to Geneva. Nevertheless I can identify with traders' frustration.Confusion and irrational fear characterized financial markets during a remarkable week with the CBOE VIX Index (the so-called “fear gauge”) spiking above 70 for the first time. According to data from Bespoke the week's US stock market crash of 18.2% ranks second as the worst Monday-to-Friday movement for the Dow Jones Industrial Average since 1900. Amid the dumping of stocks on all bourses the US dollar Japanese yen and precious ...
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