It is the 23rd of May 2018

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Bitcoin Rebounds Sharply After Biggest Drop In 2 Weeks

Update: Bitcoin spot and futures are bid and have reebounded notably off the after-hours lows...

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Bloomberg Pronounces The Early Death Of The Traditional Long-Short Hedge Fund Model

Bloomberg has apparently just taken it upon itself to pronounce the early, unceremonious demise of the traditional Long/Short Hedge Fund model after seemingly declaring that stocks will continue to march higher in perpetuity, with minimal volatility, thus rendering traditional financial analysis and stock picking about as obsolete as a Motorola pager from 1982.  Of course, we embellish a little...but not much...here is Bloomberg's take:

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Stocks Hit Record Highs As Tax Hype Trumps Nuclear Doomsday Fears

Wholesale inventories plunge and Kim shoots off some missiles... but Powell panders to TBTF banks and GOP pushes tax bill = so buy mortimer buy...

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Einhorn: "None Of The Problems From The Financial Crisis Have Been Solved"

A month ago, a downbeat David Einhorn exclaimed "will this market cycle never turn?"

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