Trench warfare
Posted by seumasach on February 10, 2014
Doug Noland
Global markets have turned highly unsettled. … Currency markets have turned treacherous. Those short the commodity currencies abruptly found themselves on the wrong side of a squeeze.
Overall, global markets these days convulse between “risk off” and “risk on” – in bloody trench warfare between market bulls and bears. Greed and fear vacillate between the two camps. …
Bill Gross’ February piece, “Most ‘Medieval'”, provides an insightful read. …”The days of getting rich quickly are over, and the days of getting rich slowly may be as well.”
In These New Times 
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