Let's have a quick look at the heat maps to see what's driving US equity markets today:
First, the most actively traded stocks today…
And the most heavily shorted stocks…
Don't these people have anything better to do than shorting Big Tech stocks? It's bordering on sadomasochism.
Sociopaths vs. Psychopaths
The long/short battle between tech company founder owners and Wall Street short-sellers is always entertaining. The former have a psychopathic drive and determination to succeed and prove them wrong. The latter have sociopathic survival instincts at all cost.
Guess who usually comes out on top?
Odey is finito
There's no coming back once branded a sexual predator, this guy is toast…
Together, the subtitle and photo make it seem as if he stole the ‘face mask' out of someone's laundry basket.
The original FT story is pretty graphic and detailed—not exactly a couple of women complaining they weren't promoted, and well beyond the realms of just office flirting. One of the accounts is a clear case of sexual assault rather than harassment. He's lucky if criminal charges aren't eventually put forward.
Given most of the reported allegations took place in the work environment, it begs the question how this went on for so long? Did all the other senior people really need the money that badly? Standard behavior of sociopaths.
It's deep-rooted and cultural in some organizations, but not limited to the financial services industry. For now, the only fix is a benevolent alpha-dog at the top ruling with an iron fist.