Market News and Commentary February 9

Crash Continues, Fed Yawns At “Correction.” Soaring U.S. oil exports to China are transforming the global oil game. Investors pull record cash from U.S. based stock funds: Lipper. Bitcoin Cash rises 25% in the last 24hrs. CalPERS manages to get pretty much everything wrong in its latest asset reallocation. Fed officials sound almost glib discussing stock-market correction.

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