Risk-ES Spread Closes

Tyler Durden's picture

While hypnotized lemmings are watching the green, red and blue squiggly lines, and Bernanke's lies enter one ear and exit from the other, those who put on the risk-ES spread convergence trade on earlier just paid for drinks. Spread has closed and we eagerly await the next free money opportunity from B to the Sack.

Courtesy of capital context