I was asked by a reader if I would extrapolate on what I considered a “volatile” trading environment. The question was in earnest, so I thought I would repost what I believe is no better example of just how fast, and with such force, the financial markets can move out of what seems like nowhere with the following audio.
The person reporting and calling the markets in this audio is Ben Lichtenstein of TradersAudio.com. Again, I believe there is no better representation on just how fast one’s faith in the “markets stability” argument can be shattered. It’s also a great reminder how all the “hedging” that was in place during this period worked out. For if one remembers – it didn’t.
Link to audio/video recording http://www.youtube.com/watch?v=1mC4tu1NhUA
Puts the idea you can “hedge” yourself against any turmoil into perspective doesn’t it?
This happened May 6th 2010. However, if I bring this yet 4-year-old event up, you would think I were referencing something that took place during the Jurassic period.
© 2014 Mark St.Cyr