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It is never a good idea to fight the trend of CL. The supply glut of CL has been depleted, almost completely. Sure are still at 5-year average stockpile. But it is a sea of change from last year's negative price...

Not even true. Do you know how much cash and stock portfolio they have? Like Mr. Bill Hwang's secrete fortune? All just political propaganda. No substance.

If those Chinese billionaires are underground, then you would not even know them. How can anyone compile a list including them??

Some option traders do not take market direction positions. They only trade vol. Yes, I think the vol is cheap now. Or too cheap? Volume is low. Again one directional market up and up. All for the earning play. Then what is the next? We'll get April job number, inflation and a lot more.

I think HSBC is concerned with all the liabilities from money laundering and other crypto related activities.

Those are private deals, or OTC deals. So the banks can demand whatever they want. Credit approvals are required too. I remember the days working with the credit department. Some deals were rejected. Even the SVP of the trading can't change it.

Probably not. He is allowed to keep his positions confidential. He delivered the margin banks originally demanded. It's banks' faults.

Can you declare bankruptcy against IRS and some governments?? I guess for the folks who can't pay IRS, they serve jail time?

Only half right. When Hwang was in trouble after receiving multiple margin calls, he held a conference call with all the large banks involved. The discussed various plan to unwind his positions orderly. So that was the first time that those banks knew the scale of his positions. No agreement...

His own church charity has about $400M. Other church organizations who received his donations lament his losses and loss of future donations. Maybe his church organization can give back like $200M for him to trade back to billions again. I think he still controls that money. He should have...

How worse? Had $2,000 and down to $0.20?

Had Mr. Hwang done any more sophisticated trades like what Ms. Cathy Wood did, then he would have earned more respect. But gigantic positions in a handful of stocks like ViacomCBS, Baidu, Tencents and others? They are even much worse than holding Apple, Amazon, Google etc. At least there are...

How about Bloomberg pays that guy with 1/10 of a Bitcoin as his bonus? Or even 2/10 of a Bitcoin. That is worth $80k...

Not sure if that figure was late February, probably mid February, before the NASDAQ mini correction. It must be lower now. Trading volumes have been down.

My advice is that, never call out the people who called the market which is out of fashion now. It was then and it is now. The inflation trades can come back in a big hurry. And the techs can have a real correction. Who knows.

The problem is that other countries like China and Russia can control Bitcoin whatever the way they want. But US can't. This is how we get to the current situation. No one knows what to do with it.

This is the question I asked from the very beginning. How do I link the 132-24 to the June bond pricing? So it is on a bond with a face value of $100,000. Then?

I do not see the point of calling out bull or bear of the market. The wind can switch in a minute. Any direction.

I think you get double standard. US government (not military) has vast other spending on intelligence gathering. US Justice department (FBI, CIA) is not part of US military and its budget is not included in defense spending. Not sure why you single out China and Russia.

Since you mentioned the 2.75% coupon, the 131-23 must be the price at maturity since the yield is lower than coupon. So if I read it correctly, bond future (prices) was dropping since Jan-2021, but rising over the past 10 days or so? And the bond future price is up again today?