12/08/18

Trader Warns: Turkey's Meltdown Should Be "Valuable Lesson To Risk-Ignorant Investors" Worldwide



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Trader Warns: Turkey's Meltdown Should Be "Valuable Lesson To Risk-Ignorant Investors" Worldwide
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Given the goldfish-like memories of financial market participants - and outlier-stripping nature of the algos that really trade - today's abrupt collapse will likely be a small slap in the back of the head for many traders, but as former fund manager and FX trader Richard Breslow notes, "today's Turkey meltdown holds lessons to be forgotten."


If only the meltdown in Turkish assets could serve as a cautionary tale for global markets, Breslow continues, then it might be a painful lesson for Turkey but a ....

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