Would you mind explaining what makes it “monumental” - this never happened before at such scale? Trying to put this in context.
I'm surprised DOJ didn't put a gag order on these news outlets until Friday after hours. Did zerohedge leak it?
So any guesses as to what this means for the markets in the short term ? Is this enough of a black swan or better put 'unexpected event" to take the markets down 20-30% or more ? Whats your opinion on how the markets will react going forward through september
My guess is new ATH by Friday next week, may seem unlikely but those banks who are now long billions of dollars worth of stock will want to entice again the FOMO mob to unload and reduce risk. I guess ES up to 3800 and then consolidation, pop and start the real decline sometime in November.
i've looked at your posts. you are one of smartest people in the room. i'm not. but i recognize you. thx.
Do you know what happens when someone commits 10-20% of their capital to one crowded trade and the Street finds out? What do you think they do...? Do you think they pile more into the crowded trade? Or do you think they lean on the guy because when he covers it snowballs? This forum reads as Reddit if Reddit had a TBE.
They lean on the guy, and make him implode, just like Brian Hunter, and his natural gas trade for Amaranth Advisors. https://en.wikipedia.org/wiki/Amaranth_Advisors