Steve Cohen went to cash last week (at the bottom)

They trade with hundreds of brokerages, obviously all of the big banks and many specialty shops so that they can get access to their analysts/research.

A great deal of their trading is electronic now, lots algorithm and dark pool executions.
 
Quote from Landis82:

There's been lots of cash on the sidelines in money market funds for the last year or so, but that hasn't equated with a strong market, now has it?

Given the $70 trillion in CDS exposure, a lot of that recent selling will never see its way back into the equity markets . . . Instead, it's going to pay off bad bets on bad bank debt ( LEH, WM, WB, AIG, etc ) in a cash settlement.

LEH CDS auction was last Friday.
We've still got about 5 more of these CDS auctions to go.
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Excellent point. And if unemployment soars figure that will depress the pool of new money coming in too. There is no denying the market will take an enormous time to recover. Add in a threat of deflation on top of that and you won't see any money going back into the market anytime soon.
 
Quote from bostonsoxfan:

Excellent point. And if unemployment soars figure that will depress the pool of new money coming in too. There is no denying the market will take an enormous time to recover. Add in a threat of deflation on top of that and you won't see any money going back into the market anytime soon.
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I have to edit my $70 TRILLION CDS number.
That includes "both" parties. Thus, the real number is half that.

$35 Trillion as of Oct. 9th

http://www.elitetrader.com/vb/showthread.php?threadid=141334
 
Quote from bostonsoxfan:

Excellent point. And if unemployment soars figure that will depress the pool of new money coming in too. There is no denying the market will take an enormous time to recover. Add in a threat of deflation on top of that and you won't see any money going back into the market anytime soon.
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how about deflation and inflation at the same time?
 
Quote from NTB:

Izzy Englander is the best risk manager in the business.
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Mulhern used to say "everyone who ever partnered with Izzy ended up driving a taxi."

Is that a form of risk management?
 
I read in Alpha that SEC was going from technical to primarily fundamental.

Reading between the lines, Cohen is saying that his fund has gotten too big for his in and out style, and now he has to become an old school pool that accumulates at the end of bears and distributes at the end of bulls.

It's amazing how this game hasn't really changed in over 100 years.
 
So (god forbid - mutual fund managers everywhere getting chills up their spine) waiting for the bottom to jump in and go long. Rockefeller supposedly did it.

Could that be the next strategy?
 
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