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Unemployment is just beginning to rise.

NYC was a total dump in the 70s. I expect to the next decade to be a total disaster there.

I just dont see how this system survives in the longterm, but then again many people thought this system would fail a longtime ago. Think about the zeros that will be attached to our currency if this system survives. it will 0000000000000000000000000000000

Totally agree.

There must be tons of HFs that our totally cooked. I still think Citadel is totally finished, but we havent heard about it yet

Do you think any of DeMarks signals are working in this environment? i doubt it.

He's been doing a great Andrew Mellon impression!

At some point the fiscal stimulus is going to work at least temporarily. It wil also introduce some major unforseen consequences.

yes

weird weird day. i think its still very very thin in all markets right now. its getting incrementally better each day.

good for taleb, if our leaders had taken him seriouly this mess could have been avoided

morons. thats who

I second that call of the treasury etf. Ive been using TBT, but its crap

And then you get the pleasure of blowing up the HF that hired you which allows non idiot savants like ourselves to make a lot of money.

No doubt the Germans hate HFs so they arent going to find any sympathetic voices.

Were they pepared for a move of that magnitude?

A move like this is more likely to affect the activist investor funds who have large concentrated portfolios. The ESLs, Greenlights, Pershings, TCI. I dont think SAC is part of that group One black swan and your finished because you dont have enought diversification.

Its true the market may eventually head way lower from here, Ive been super bearish for years. However, the vol is so high right now that snap back rally could go a lot further than most people think. I think the Porsche debacle is a very good reminder how much leverage there still is...

smart guy, but no one knows whats going to happen.

Yeah and thats more than enough leverage to get crushed in this market. Doug Kass said BP was down 65 percent and citadel down 40. I agree that markets could panic on the way up, but HF have gotten murdered.