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Bill Gross: "Hedge Funds Liquidating To Preserve Capital"

Tyler Durden's picture




 

In case you needed confirmation of the wipe out you are seeing on your monitors, here comes Bill Gross. Just headlines for now via Reuters:

  • GROSS: FINANCIAL MARKETS EXHIBITING "MINI RELAPSE" OF FLIGHT TO LIQUIDITY
  • GROSS: HEDGE FUNDS AND OTHER LEVERAGED POSITIONS NOW LIQUIDATING TO PRESERVE CAPITAL

So you mean Prime Brokers allowing 5x leverage for 130/30s was actually a bad idea?

 

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Thu, 05/20/2010 - 12:39 | 363197 Mako
Mako's picture

You will see wild swings in both directions as the global financial system continues it's collapse. 

You will have to move quicker and quicker to stay a float.  Eventually the game of music chairs will end with no chairs left.  Everyone is running from the Truth, the lemmings always run from the Truth until there is nowhere else to run.

All Europe can do is effect the rate of decline, just like the US was able to do in 2008.  It's still going to collapse, that portion has always been known. 

Some people lie to themselves right on public TV.  Larry Kudlow running from the Truth just like the rest of the lemmings.

http://worlddarkestdays.blogspot.com/2010/05/larry-believes-in-free-mark...

 

Thu, 05/20/2010 - 13:05 | 363318 Common_Cents22
Common_Cents22's picture

kudlow is going to have a breakdown.  He was basically on his knees hoping and praying this morning.

Larry should leave CNBS and run for office, he'd be much more effective than the idiots we have in there now.

Thu, 05/20/2010 - 14:46 | 363515 jmc8888
jmc8888's picture

Kudlow is an idiot. He'd fit right in with our current idiots in office.

That's not to say every once in a while he says something decent, but 9 out of 10 times he spouts idiocy.

Man oh man have our standards dropped when idiot Kudlow is perceived to be 'much more effective' than our other current idiots.

I really loved his....'they just need to guarantee all debt' quote he said this morning.

Which also means he's a pussy.

Yep, sounds like he'd fit right in with our current corporate whores.

Thu, 05/20/2010 - 16:48 | 363938 LarryKudlow
LarryKudlow's picture

How dare you call me an idiot ?

I am the biggest fucking jerk of all time !

Thu, 05/20/2010 - 20:20 | 364501 tony bonn
tony bonn's picture

lmao....larry, you have come into your own with wit and wisdom....

Thu, 05/20/2010 - 13:22 | 363374 Crummy
Crummy's picture

Not to split hairs, but things built with materials don't exist don't actually collapse.

Dust + Wind = Dude

Thu, 05/20/2010 - 12:34 | 363204 Pegasus Muse
Pegasus Muse's picture

Gold Bullion Funds holding up nicely so far today -- PHYS, GTU both green.

Thu, 05/20/2010 - 12:47 | 363247 koaj
koaj's picture

Tell Wilson to get back in there and sell!

Thu, 05/20/2010 - 12:47 | 363249 Sudden Debt
Sudden Debt's picture

DOW down to 5000... wouldn't that be gift from god :)

Thu, 05/20/2010 - 12:49 | 363251 BlackBeard
BlackBeard's picture

Everybody's favorite asshole Bob Doll of Blackrock (evil) and his latest propaganda:

http://www.youtube.com/watch?v=i0nlllnKaFI&playnext_from=TL&videos=Skt2OlNojDQ&feature=sub

Just remember, this fucking assclown was on cnbc telling people to average all the way down in the fall of 2008.

{edit}  Fuck I hate this guy.  It makes me happy to see him nervous as shit, because he's levered long into all this bullshit.

 

Thu, 05/20/2010 - 12:57 | 363284 Hephasteus
Hephasteus's picture

So his nickname Blowup Doll?

Thu, 05/20/2010 - 13:55 | 363467 weelp
weelp's picture

0.47 into video, he shows signs of tension, anger, ect. What an asshole. 

Thu, 05/20/2010 - 13:55 | 363468 weelp
weelp's picture

0.47 into video, he shows signs of tension, anger, ect. What an asshole. 

Thu, 05/20/2010 - 12:50 | 363261 Cognitive Dissonance
Cognitive Dissonance's picture

I have no idea what the hell Gross is talking about.

A mini relapse is when the man has sex and is still able to get it up once again.

 

Thu, 05/20/2010 - 12:58 | 363293 DaveyJones
DaveyJones's picture

he affectionately calls the same thing with a rubber his mini cooper

Thu, 05/20/2010 - 12:52 | 363267 ratava
ratava's picture

nasdaq now below flash crash low and dropping

Thu, 05/20/2010 - 12:53 | 363273 Sudden Debt
Sudden Debt's picture

BOOMPATAPA!!

Thu, 05/20/2010 - 12:58 | 363290 ratava
ratava's picture

*puts dow 10k hat on*

Thu, 05/20/2010 - 12:54 | 363278 Popo
Popo's picture

deflation

Thu, 05/20/2010 - 12:56 | 363281 Turd Ferguson
Turd Ferguson's picture

Flash Crash part II commencing right now???

Oil crashing through 65

Thu, 05/20/2010 - 12:57 | 363285 Paul S.
Paul S.'s picture

What the hell happened to the Total Return Fund's bund position?  I thought I was going to get wiped out and PTTRX barely got touched.  Not sure if they got out early or if they underrepresented their holdings.

Thu, 05/20/2010 - 13:09 | 363336 chet
chet's picture

A story here a day or two ago said they reduced their exposure in April by about a third.  Maybe more in early May?

Thu, 05/20/2010 - 13:35 | 363412 Paul S.
Paul S.'s picture

Damn.  Well they got out just in time.

Thu, 05/20/2010 - 12:59 | 363298 ratava
ratava's picture

yup, the day has come

Thu, 05/20/2010 - 13:02 | 363300 Biff Malibu
Biff Malibu's picture

My 'pwnage indicator' is indicating extreme distribution.

Thu, 05/20/2010 - 13:02 | 363304 Rick64
Rick64's picture

What a beautiful color ; RED. Its good to be short.

Thu, 05/20/2010 - 13:04 | 363311 stormsailor
stormsailor's picture

1066 on the /es was the stop on the one minute for the 5/6 event.  there is strong chart support at that position as well.  i believe the next chart support is down at 1050 and beyond that 1016.

normally about 1400 hrs you see a pump in the

/es.  it will have to be a strong one to hold the market

 

Thu, 05/20/2010 - 13:04 | 363312 stickyfingers
stickyfingers's picture

 

U.S. Stock Plunge Is Buying Opportunity, Birinyi Says

Still drinking the good stuff.

 

Thu, 05/20/2010 - 13:08 | 363333 Common_Cents22
Common_Cents22's picture

wait for after 230 when NYSE halts and the "supplemental liquidity" takes over.  LOL

I'm entering my bids 55% below the market on some ETFS for a flash crash buy.

Thu, 05/20/2010 - 13:11 | 363341 sumo
sumo's picture

VIX is at 46 and climbing ... move along, nothing to see here.

 

Thu, 05/20/2010 - 13:14 | 363360 Ripped Chunk
Ripped Chunk's picture

The question is will it bounce down the stairs like an old beat up softball or a super ball?

But its going to bounce down.

Thu, 05/20/2010 - 13:21 | 363376 koaj
koaj's picture

PPT wont let it happen. they're gunning futures up

Thu, 05/20/2010 - 13:37 | 363417 Edna R. Rider
Edna R. Rider's picture

Preserve capital for the afternoon session, right?  Lordy, what a casino.  I can't even get finished doing an analysis on a stock before its price is up or down $2 from where I last saw it.  I'll sit this one out.

Thu, 05/20/2010 - 14:53 | 363529 Leo Kolivakis
Leo Kolivakis's picture

LOL, crazy moves all over the place.

Thu, 05/20/2010 - 18:36 | 364257 Common_Cents22
Common_Cents22's picture

We have HFT but nobody has invented HFA (hi freq analysis) yet.

Thu, 05/20/2010 - 15:02 | 363545 Grand Supercycle
Grand Supercycle's picture

 

For several days I have been warning of EURUSD buying support as detected by my indicators, and this has been confirmed by the recent break out.

The proprietary indicators I use can identify trend changes before they occur.

http://stockmarket618.wordpress.com

http://www.zerohedge.com/forum/latest-market-outlook-1

Fri, 05/21/2010 - 00:12 | 364978 trader
trader's picture

assuming mr. Gross is correct, does any think the

same (de-leveraging) is happening with gold?

 

if not then what/who is crasing gold?  Fed? deflation?

Sat, 05/21/2011 - 00:44 | 1297620 kummar
kummar's picture

Are you really trying to say that these psychics are saying that AIG will survive and continue to be successful they way they were in 2000? Let me know what you have to say, please. My e-mail address is 1992 Toyota Pick-Up Truck AC Compressor

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