"I'm On The Golf Course": Nobody Has Any Clue How To Trade "Bewildering" Market [zero hedge]
JULIUS BAER GRP UNSP/ADR (JBAXY)
NASDAQ:AMEX Investor Relations:
juliusbaer.com/group/en/investors
Company Research
Source: zero hedge
In an early morning comment, Citigroup was painfully honest about how traders enter today's session: "how the market moves today is really anyone’s guess. As the end of 2018 approaches, price action is becoming ever more bewildering."Those two sentences perfectly encapsulate trader confusion this morning following 3 weeks of violent, historic moves that have left analysts, portfolio managers, strategists and ordinary mom and pop traders dazed, confused and stunned, with feeling as if they are "watching Pulp Fiction."It’s “completely bizarre,” says Stephen Innes, head of trading for Asia Pacific at Oanda Corp. “It’s incredible just how harmful markets veer when sentiment slides."While December was shaping up as the worst month for markets since the Great Depression until this Wednesday, the late arrival of the biggest ever pension fund rebalancing out of bonds and into stocks, sent markets screaming higher, stopping out countless limit orders and sending momentum-chasers reeling yet ag
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