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Forget QE. The new buzzword is PAIN TRADE
Had I not been in my living room wearing sweatpants while watching "The Blacklist" instead of punching my Bloomberg Terminal at One Bryant Park, I would have thought I was back in 2008. Wednesday's trading seemed like a typical 2008 day. The S&P 500 was down almost 3 percent on Wednesday's lows before a late-day rally. The day had more ups and downs than the Coney Island Cyclone. If you have been following my columns, I have been calling for a pullback in this market since August — albeit for non-traditional reasons such as the "Wolf of Wall Street" speaking at the 92nd Street Y and the Rose shortage in the ... (full story)