<<hedge fund deleveraging on the back of poor performance, weakening carry trade, inverted yield curve and crowded hedgie space causes general withdrawal from markets>>
... from what i can see (ytd return data of some well-managed funds) and what i understand (hey, do you know that ... whisper whisper), the professionals did squat this year, and are more nerved than ever what with their weekly reports and such (ooh, we made 0.05% this past week), i think the market is merely pumped to show life at month's end and year's end, nothing more, so that the fund investors can be robbed, again
so, in this sense, greensputin provided liquiity is evil, and the maestro is evil
... but we of the thread should love it all, knowing the truth, and managing the navigation to the terminus of the end game
the pros are scared, as they well should be, and so they move, enmass, here, there, then somewhere else, moving tofu around the table until it disintegrates, xgd.to is both an interim check point as well as the final toll booth
gold will be at the entry to the terminus of the end game, machine gun nests arranged in cross-fire pattern, to mow them all down, tatatatata ! |
