The global investment strategist for Knight Capital, which executes more trades than any other U.S. firm, said that a breakdown in the equitable terms of global trade, especially by China, will end the emerging market global growth story. âThe game is over,â said Knightâs Mark Lapolla in a one-page note to clients today. âWe expect a shockingly powerful rally in the dollar, broad-based weakness across the commodity sector, a dramatic widening of emerging market credit spreads, and what could prove to be a stampede of hot fund flows out of the emerging markets.â âWe believe the data and government actions out of China, the back-up in U.S. interest rates, the Fedâs emphatic commitment to QE2, intensifying pressures across the EU, broadly rising commodity prices, government efforts to control hot money flows, have finally pushed the global terms of trade to their tipping point,â wrote Lapolla. http://www.cnbc.com/id/40234711
They actually meant THEIR game is over. Everytime you see funds complaining about the economy they are justifying their trading failure.
He is an Analyst who analyse things, issue reports, go back home and have a nice sex He takes an annual salary for his effort. We are traders. We make or try to make a jackpot. We are not Analyst. There is a sea of difference between an Analyst and Trader. Prediction is a fool game.