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Barry Ritholtz: Think You're Smart? Markets Are Laughing

FYI: Once again, the markets prove that nobody knows nuthin'.
Following a bit of oil-driven turmoil the past few weeks, financial markets took off on Wednesday and Thursday. The Standard & Poor's 500 Index had the biggest daily back-to-back gains since March 2009. Underinvested fund managers, short-sellers and even long-only, fully invested money managers worried that they didn't have enough global equities.
Regards,
Ted
http://www.bloombergview.com/articles/2014-12-19/think-youre-smart-markets-are-laughing
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