>>3610473
The exits will be locked up upon open. They will let the 'tutes out first.
Chairs were removed starting on Oct 10th.
Because of the leverage these banks play with at this point any day that is not up at least 3% or more will trigger the deriv. time bombs.
The ONLY thing keeping it together is the 10year has been benign throughout. Did not expect that. Every tick up of 25 basis points=an additional carrying cost of about $20-25b. This is just to be able to roll over current positions.
This won't end well.
The key is if the trading curbs get triggered. Over if that happens unless in last 30 minutes of open. Then it is on it's own.