The world's hubris continues to march on. Mathematics continue to skew the true representation of the metrics being measured (ie U/E down as Participation Rate drops) and this is captured beautifully in the chart below. Articles being pumped out by sites seeking revenue through click-bait are driving this internet reading, algo-driven, and fragmented market (we are now in the 2nd Degree of Fragmentation). Getting a read on real price is a pain in the ass and just like in 2007/2008 once someone figures out the real value (which is closer to a S&P Index value of 1450) prices will collapse faster than the MBS value Lehman had on their B/S.
