Agree, a definite trading range is in place.
Agree, a bear market, which can have massive moves either direction.
The hedgies I work with understand risk, which is why they pay me.
I am the VaR guy, remember me talking about that? For years!?
So, for the dolt hedge funds that are blowing up, we are picking their bones, big time.
Fu*k them before they do us is our motto.
As I said previous, trading is war.
This goes back to the value at risk model you use, and most of these idiots have no risk model.
This goes back to the do them before they do us.
Besides the blown up hedge shops, the FED, treasury, the govt, hell, the whole friggin PPT is walking around naked, all they can do is bail bail bail...
But from this springs opportunity.
The dump in the last few minutes of trade today was telling!
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