The Sy Hersh effect: killing the messenger, ignoring the message

While the military offensives against Lebanon continue apace, Israeli officials are claiming large but increasingly non-credible numbers of Hezbollah among the slain in their war, with officials saying 200 Hezbollah targets were hit in the past 24 hours, and Army Chief Lt. Gen. Eyal Zamir claiming “over 1,700” Hezbollah slain in the current war. The […]

An Overheating Feedback Loop Submitted by QTR's Fringe Finance Congratulations, you made it through the panic…and now the market has decided none of it ever mattered and things are 5% better than they’ve ever been in history. Prices have not only recovered from the Iran war scare, they’ve pushed comfortably beyond where they were before it even started. The NASDAQ is logging a batshit insane 13-day winning streak, marking its longest consecutive green run since July 2009. That’s impressive, if your definition of impressive includes a complete disregard for unresolved risk and/or any type of...