Inside the Pelican Room we were given advanced knowledge of the specific day markets would crash: 9/23-9/26 — all to do with SHMITA. On this news we are buying the blood and attempting to extricate a win from this, on the long side — which is retarded.
I added to my TNA holdings this morning at the open and now bore witness to a horrible blood letting in both markets and specifically energy. We have a full fledged rout underway in oil (-5%) and the euro is down another 0.7% vs the dollar.
We are pricing in something awful and the June lows loom.
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