Just when you think you have seen it all….
If you have not been warned enough – or thought you have seen it all – you get what we just got.
There is no need to rehash what happened, but let’s just repeat…
There are 3 types of risk.
As mentioned earlier, event risk occurs at scheduled times but can also occur at unscheduled times – like in the example of a poll. There can also be rumors too that cause unexpected swings. What I forgot to include was that event risk can be unscheduled, AND then reported backwards. Geez..
We have now entered a phase where traders will suck themselves into a hole, cover themselves up and hibernate. They will leave for the sidelines and stay away. That may actually cause the market to NOT move.
Plenty of traders got burned to the upside and to the downside. They all collectively will now put up the middle finger, take their ball and go home.
So what do you want to talk about now?