Like the headline..
https://www.zerohedge.com/news/2018-10-11/its-not-such-crazy-idea-hunt-another-red-october
Not this time. Agree 100% in normal circumstances. This is a leverage destruction event.
Futures tonight are about the same as last night. Easiest most restricted place-for retail at least- to move mkts.
You have to match size and price in after-hours/pre.
It's a shallow market in pre/post so it does not take much to move it around.
Today it was propped for the big boys, dropped and then DCB. Unless a flood of liquidity arrives we should see the same thing as yesterday. None of the usual suspects as in the past have stirred regarding intervention. The daily % is not the story here, this cannot be stressed enough….it's the leverage.
The reaction of the helpless fucks was so priceless. Just give someone your money and it will all work out. They had plenty of warning before they had to leave. Got what they deserved imo
Volume on that bounce was huge. It was red on short duration chart..not green as you would expect. Stops being hits perhaps…
Imo all the paper wealth created by the FRB's Repo-Processwhich was started in October 2002 is being removed. Recall this was just in front of shrubs gulf war. A few weeks after the 1st anniv. of 9/11 as well.
Crap assets for cash defines the Repo-Process. Dylan Ratigan(no doubt he is here-guts man!)had an EPIC rant several years ago. Look it on your fav video prov.
All sorts of strange shit off Equitorial Guinea and that general area too.
North of Pendleton for sure. South not so much
Who cares if he is or not.? Brass balls..