Fat boys syndrome

Norway's 980 billion sovereign wealth fund hardly budged during the flash crash that took away 7 trillion dollars of worlds wealth. Many Governments have dipped in their reserves to keep the ship straight during the blinding deflation of the last year, with estimated total in the $110 billion range. Norway will take money out of the fund for first time since 1996 due to the fact that interest and dividend income more than offset current needs. Are the Norwegians simply smart, or very lucky? The only way to answer this question is to wait until the DJI average breaks below the 3rd quartile of the market range and drops down to 12500, leading to melting stock prices with Yellen unable to stop the crash by simply printing more money.






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