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

Tyler Durden's picture

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Thorlyx's picture

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

CPL's picture

It's never clear where they bought in at or if they are trying to escape a position.

Franken_Stein's picture


They're all gambling men who don't wanna do real work.


disabledvet's picture

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

JW n FL's picture

Peter Principle of Hedgies?

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.

bigwavedave's picture

shows both balls on the call and good risk management. 

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.

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 ....

WALLST8MY8BALL's picture

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



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...

SheepDog-One's picture

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

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."

joebren's picture

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


no life's picture

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

Miss Expectations's picture

Hedging is for wimps.

    Zero Hedge May 2011