It’s too early to rally. The Abbie-Shire $50 billion deal is absolutely crushing the faces of John Paulson and numerous hedge fund managers. Keep in mind, these same gents have recently been GRAPE-RAPED in their oil holdings. There is some tangible pain out there and I suspect there will be massive margin calls today. If we bounced then soared higher, I’d say the capitulation trade might’ve worked. But now we are slowly grinding lower and before you know it new lows will be had.
Gold, silver, homies and 3-D stocks are up. This is exactly what the end of the world should look like. This, gents, is carcosa.
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Fly,
I should’ve sold during this mornings spike of course…..but other than that, how do you feel about an existing position in TLT? Thanks.
I’d sell it and buy ETR
You are the man FLY. Thanks.
PAIN TRAIN BABY
VXX boob rub.
watch for people jumping out of windows any time now…
Utes getting slaughtered.
As a kid I loved Ambrose Bierce and I either missed (or don’t remember reading) the Inhabitant of Caracosa. Added to my reading list. h/y
Einhorn nailed this bubble, need to listen to that guy next time…
there will be blood
target s&p 1820 ish
2nd ebola patient was on a plane monday night..
Sigh
The homies have been like this for years. whenever the market would get trounced, the homies would go up. It’s like they’re somehow considered a safe haven. I have never understood this.
The 7-10 split in Rick Santelli’s mouth is starting to quiver with excitement
Looks like we’re going to retest the low. If we were to have a big bounce and rally into opex that would be a good place to launch it.
Is there a certain time of day that margin calls usually happen? (before close, at close, after close?)
Margin calls are enforced during market hours. Once you get a margin call, if you don’t sell your stocks they will be liquidated for you before the close of trading.
Thanks – I’ve always wondered about the mechanics of that.
TheNose says BUY NOW
Hedged last Monday with going long REITS, and large dividend players. Cash is king
There has to be some kind of rally coming. This is insane. We’re down 34. We were at 1960 last Thursday and have been down five days in a row.
This is not insane to anyone who lived through 2008-early 2009 and 2000-02.
2008-2009 we’d get something like this. And then an out-of-nowhere 60 point S&P rally in three hours. OpEx weeks were the worst for shorts. Toasted so many times that as a bear here, one is waiting to get scorched again.
Minus that week with the two rallies (1920 to1960 x 2) it’s been pretty easy for the bears.
There was a rally yesterday morning. Should’ve sold into it. Damn.
2007 is back!
Ah well. It was a great bull market while it lasted.
But I have now shifted my operations to the bear side.