The $1 Billion Armageddon Trade Placed Against the United States

[intradaybill]

Quote from shortie:

did not you warn about a rally just 4 days ago?

This is the only blog that AFAIK hinted at a correction one day before it happened:

http://www.priceactionlab.com/Blog/2011/07/is-the-gap-in-qqq-from-a-week-ago-significant/

 

[CrackPipe]

Quote from deltastrike:

Couldn't be further from the truth...

http://prorevnews.blogspot.com/2011/07/who-holds-americas-debt.html

Why do you believe an anon blogger over official figures released by the US govt?

Kind of a prime example of how people let their patriotism/emotion/blindfold get in the way of making money.

 

[CrackPipe]

Quote from bone:

Put down the pipe, not even close.

And FYI, the downgrade has been baked into the cake for quite a while now.

Sorry Bone, Im missing the point - an up trend which is now balancing. There is no coincidence that the market is balancing in this time of uncertainty.

We both know what happens after a market gets in to balance, the question is, in what direction? Our opinions seem to differ. Hey, we have a market!

http://www.usdebtclock.org


http://www.wtfnoway.com/

 

[krazykarl]

Quote from GrandSupercycle:

Don't forget: SP500 long term chart chart warns of impending crash - http://bit.ly/x618

It's called capitulation, not a crash.

 

[bone]

Quote from CrackPipe:

Our opinions seem to differ.

I do not have an opinion about the direction of the market - as a spread trader I couldn't care less. The point is that armaggedon gets priced into the market. That last price print you see is a composite distillation of everything that is known or suspected about that particular instrument's value.

 

[Humpy]

Quote from mercurial:

I wonder how many politicians have interest/investments in private funds holding CDS against the US?

It should be public knowledge

If it was there would be scurrying of the reptiles into even darker corners of the financial world imho

 

[Humpy]

Quote from mercurial:

I wonder how many politicians have interest/investments in private funds holding CDS against the US?

It should be public knowledge

If it was there would be a scurrying of the reptiles into even darker corners of the financial world imho

 

[Humpy]

Quote from mercurial:

I wonder how many politicians have interest/investments in private funds holding CDS against the US?

It should be public knowledge

If it was there would be a scurrying of the reptiles into even darker corners of the financial world imho

 

[ProfitMagnet]

Not many people who place stupid trades are able to gain the money required to place *this* trade. But who knows... maybe he knew the trade would get attention and he is bluffing his way into making some money.

Quote from Random.Capital:

Lots of stupid trades are made every day. Each one of them placed because someone saw "an edge". This may or may not be one of them.

Should be fun...

 

[Mercor]

Quote from EON Kid:


The trade was for block trades of 5,370 10-year Treasury futures executed at 124-03 and 3,100 Treasury bond futures executed at 125-01.

How is this short doing?