They just banned short selling in US
- Thread starter nitro
- Start date
All I can say is - wow.
Went cross-country over 3 time zones, woke up late this morning - its like the world is a different place.
Obviously, things are much worse than we all thought. And that's potentially for us permabears. Pelosi had a look on her face like the angel of death at the Paulsen conference. No question that the minsky moment had occurred. Hope to god that Roubini was consulted by TPTB in the setting up of this vehicle.
I expected the markets to be brought higher due to options expiration, but then tank afterward due to pent-up selling. With the short holiday, which is disgustingly limited to the financials (why not share the wealth, guys?), its a clear indication of the potential of imminent collapse.
Unfortunately, history doesn't treat bank holidays well from what I can tell.
I'll need the weekend to figure this out.
Went cross-country over 3 time zones, woke up late this morning - its like the world is a different place.
Obviously, things are much worse than we all thought. And that's potentially for us permabears. Pelosi had a look on her face like the angel of death at the Paulsen conference. No question that the minsky moment had occurred. Hope to god that Roubini was consulted by TPTB in the setting up of this vehicle.
I expected the markets to be brought higher due to options expiration, but then tank afterward due to pent-up selling. With the short holiday, which is disgustingly limited to the financials (why not share the wealth, guys?), its a clear indication of the potential of imminent collapse.
Unfortunately, history doesn't treat bank holidays well from what I can tell.
I'll need the weekend to figure this out.
It wouldn't have been bad if we had just let it happen to begin with... the more they fought it, the worse it is making it when it hits the shores... not only are we dealing with a crash of the market, but the register is rung up now likely a couple trillion all said and done with holding it back, dollar goes to shit, and these days there are actually countries with lots of money to step in and take our place as the new "bank of banks". The fact that countries need dollars to buy oil has been the only thing keeping the rest of the world from wiping their asses with them.
Goodbye Dollar... hello Amero (google it for those not familiar).
No... at least 30% of the people here agreed a long time ago when the first news of the subprime issues realized that the leverage against those was going to cause a Category 10 (yea, and they only go to cat5) hurricane on the market that could not be stopped. Then there was a bunch of "stop exaggerating!" people too doing a good job of having people second guess the perfect storm.
They did a good job of smoothing over each new wave of big red flashing "explosion imminent" signs, so much that I almost gave up on my huge SDS positions (went from ES to set it and forget it, and left this site to avoid noise) many times.
If I got out on the 500 drop it would have been best, but I was out yesterday.
