Apparently Paulson is heavily short and his fund is on the brink. The sharks can smell blood (Bill Gross) and they are probably pressing. If he gets more redemptions in June, he has to cover some more. And I'm sure he is not the only whale that is short.
I was going to ask about this vol spike, wasn't sure it was legit, looks like puke to me. It bothers me that Pimco got it right for once. Do you have any rules for scale in a mkt, I think Don said you should never have more than 1% of any market, this all looks like a giant poker game. I actually feel bad for Paulson, I am sure he hates losing as much as the next guy.
This AAPL is completely Europe proof. I think I know how to fix the problems in Europe. The ECB needs to buy out AAPL and break the company up into 4 parts and put them in Italy, Greece, Spain and Portugal. Problem solved.
it was just showing the longer term tl res at 155 now for the 1st week of june,if we hit and pull back the nearest value area is 143-39