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“The first principle is that you must not fool yourself and you are the easiest person to fool.”

Okay, I have to admit it... We find it absolutely hilarious that the market is experiencing a sell-off just as some people became overly bullish near the top of the range. They are so on tilt, but their lack of skill hasn't diminished their confidence. Keep taking their money. If...

 

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Druckenmiller | De-dollarization | PMI | Options market

Summary of NY Fed conference on de-dollarization. Options market technicals for month-end