Bluegold Joins List Of Crude Crash Casualties, Down 20% In May

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Tue, 05/10/2011 - 13:57 | 1259770 Thorlyx
Thorlyx's picture

It's all bullish until it's not anymore.

Tue, 05/10/2011 - 14:36 | 1259926 CPL
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It's never clear where they bought in at or if they are trying to escape a position.

Tue, 05/10/2011 - 13:58 | 1259777 Franken_Stein
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They're all gambling men who don't wanna do real work.


Tue, 05/10/2011 - 14:30 | 1259896 disabledvet
disabledvet's picture

either that or "so stupid they're brilliant."

Tue, 05/10/2011 - 14:35 | 1259912 JW n FL
JW n FL's picture

Peter Principle of Hedgies?

Tue, 05/10/2011 - 14:44 | 1259949 JW n FL
JW n FL's picture

The billionaire hedge fund manager called the measure "entirely nutty" during a conference in New York last week, criticizing the law for failing to address the need for derivatives disclosure on the parts of banks.

Those banks "have become effectively the biggest hedge funds on the planet," but "opacity on extreme levels is not addressed anywhere, including Dodd-Frank." And when moderator James Millstein, a former Treasury Department official, praised the "living will" liquidation procedures for systematically important firms, Singer dismissed it.

Tue, 05/10/2011 - 14:00 | 1259780 bigwavedave
bigwavedave's picture

shows both balls on the call and good risk management. 

Tue, 05/10/2011 - 14:08 | 1259798 H. Perowne
H. Perowne's picture

The trend is your friend until . . . the margin hike? . . . keep trying guys, but until someone discovers transmutation, I'm OK with the PMs and oil.

Tue, 05/10/2011 - 14:06 | 1259802 chistletoe
chistletoe's picture

I think I read somewhere

that among professional football players in the NFL,

approximately 2/3 retire (before the age of 35!)  with some sort of permanent injury or disability.

Evidently the same principle works for "hedge" funds ....

Tue, 05/10/2011 - 14:09 | 1259811 WALLST8MY8BALL
WALLST8MY8BALL's picture

And with the Exception of having working knees, shoulders, ankles etc....



Tue, 05/10/2011 - 14:14 | 1259824 RobotTrader
RobotTrader's picture

Proof Positive that Uncle Gorilla is determined to wipe out every single hedge fund who is betting big on:

- Peak Oil

- Higher gold and silver prices

- A collapsing dollar

- "Endgame" for the U.S. Consumer

Meanwhile funds that are betting on Fed-sponsored, Uncle Gorilla-supported consumer stocks like FOSL are making big money, and they are going to have a huge summer out at The Hamptons this summer.

Fossil is up 14% today after rocketing up from $20 to $90 already...

Tue, 05/10/2011 - 14:18 | 1259842 SheepDog-One
SheepDog-One's picture

I bet your uncle really WAS a gorilla! Monkey brains.

Tue, 05/10/2011 - 14:39 | 1259943 disabledvet
disabledvet's picture

i believe the emperor said "i sense a disturbance in the force."  clearly "the economy has slowed noticeably" and just as clearly "the market powers ahead in May anyway."  what are all those Bailout Tycoons to do?  Wait?  Wander?  Wonder?  I say "run that business until the lender of last resort says attaboy."

Tue, 05/10/2011 - 14:14 | 1259828 joebren
joebren's picture

A must read in the WSJ from one of Europe's new 'radical' politicans.


Tue, 05/10/2011 - 14:54 | 1259989 no life
no life's picture

Pierre is probably shittin' a brick right about now..

Tue, 05/10/2011 - 15:08 | 1260059 Miss Expectations
Miss Expectations's picture

Hedging is for wimps.

    Zero Hedge May 2011


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