• ILLIQUIDITY IS BACK: Big, unexpected market moves are happening more often as assets become less liquid, just like 2007

    2 monthes ago - By Business Insider

    Statistically, surprises are increasingly becoming unsurprising across all asset classes, according to Morgan Stanley
    A big part of the reason: Investment assets are becoming less liquid.
    Veteran traders will not like this one bit. Lots of surprises + low liquidity were the fundamental triggers of the 2008 crisis.
    LONDON - Facebook stock fell by 24% at one point last week, a move that helped wipe 1% off the NASDAQ on the day.
    Investors were surprised. FB has been one of the best-performing stocks of the last few years.
    But Morgan Stanley analyst Andrew Sheets and his team says that big...
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