In an unbelievable move, the Bank of England, at around 2:30pm just after David Einhorn got finished saying “the government doesn’t know what a recession is no more than they do what a woman is” — said to pension funds they’ve got, all of you’ve got, just three days to sell. After 3 days, the BOE intervention ends and so goes your fucking window of opportune, as it stands, right out the fucking door.
At the time I was betwixt between long and short, slowly adding to a TQQQ position. Then the bottom dropped out in true rapish fashion.
Seeing CS down 6% and the specter of a sovereign credit crisis, I took an enormous FAZ position, and with well times average downs — I got out of TQQQ with a 1% loss.
I closed +13bps, with the FAZ position intact, in addition to UVIX, short bonds, short euros, long wheat, long GUSH as my long directional bet.
It seems like it might be over. But we’ll need confirmation of this suspicion in about 3 days from now.
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Janet Yellen is a fuckin’ drooling IDIOT.
She’s a reliable soldier with a grandmotherly vibe. There’s a Nobel Prize waiting for her.
Residual survival instincts to hide pain and injury are in play here. There’s so many zombies we couldn’t count them, and they try to hide until the bitter anouncement on the weekend or after hours. CS and DB are in a death spiral that started with their inept involvement in US housing leading up to 2007. Bad management of course. There will be many others.
I’m calling bullshit. No way does the Bank of England just suddenly up and have the balls to wreck their own pensioners.
Come on. The bank is threatening a man’s action in an age of women surrounded by young boys.
They’ll make up some reason why and come up with a new name for the programe or figure out a backdoor workaround before 3 days is up.
And the Fed’s tough talk is just as worthless. To be changed at the drop of a hat.
are
@cz_binance
The world’s largest company accepts crypto, and prices still dropping. ????
Anomaly = opportunity.
Not financial advice.