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SAC Discloses Government Subpoena (Top 100 Holdings Presented)

Tyler Durden's picture


Goodnight Sweet Prince

From Market Watch:

SAC Capital Advisors LP told investors in a letter that it got a government subpoena, according to a person who received the update from the hedge fund firm. SAC said in the letter, dated Nov. 23, that the government served identical “extraordinarily broad” subpoenas on a number of investment managers of different sizes and descriptions, including SAC. The subpoena does not focus on particular individual securities, sectors or strategies, SAC added. The firm said the subpoenas don’t “shed much light on whom or what the government may be investigating.” One focus appears to be on the use of consultants and soft dollars, SAC noted in the letter. SAC will respond to the government “in a professional and cooperative manner.” “Neither the subpoena nor any other information of which we are aware suggests that anyone at SAC has engaged in any wrongdoing,” the firm added.

Zero Hedge from November 4: Is The SEC's Insider Trading Case Implicating FrontPoint A Sting Operation Aimed At S.A.C. Capital?

Our questions back then:

  1. Did SAC short CYBX in the
    days immediately preceding the adverse CYBX statement from August 12,
    2004. And did it subsequently go long ahead of the favorable 8K from
    February 3, 2005. If so, what was the investment thesis/catalyst for
    such decision. Did SAC consult with an expert network or an outside
    consultant on any of the trades?
  2. Did
    SAC go long ITMN in the days immediately preceding the favorable ITMN
    statement from March 9, 2010. And did it subsequently sell all of its
    holdings in advance of the adverse news from May 4, 2010.
    If so, what was the investment thesis/catalyst for such decision. Did
    SAC consult with an expert network or an outside consultant on any of
    the trades?
  3. Did SAC sell its 700,000 shares in advance of the adverse MYGN news release from May 4, 2010.
    And did it subsequently sell all of its holdings in advance of the
    adverse news from May 5, 2010.
    If so, what was the investment thesis/catalyst for such a decision. Did
    SAC consult with an expert network or an outside consultant on any of
    the trades? Furthermore, what catalyzed the decision to reenter the stock.
  4. We also have some broadly
    rhetorical questions: how is it that a rabbi who as he himself admits,
    has never traded a stock in his whole life, knew ahead of everyone,
    certainly the SEC, that Skowron had (allegedly) traded on inside information. More to the point, why was Jeff Skowron not named as a defendant in this action: based on the
    SEC complaint,
    which in itself is worth an entire read, the agency has more than
    enough information to indict him as a co-conspirator in the case. Why is
    FrontPoint also not named? And why is it that we get the feeling that the SEC got all of its information on the Benhamou/FrontPoint case courtesy of the US attorney general, who had forwarded the Balkany information over to them. If that is the case, what else is the SEC currently investigating? Are all biotech
    consultants working for 'expert networks' currently under SEC
    surveillance and being bugged by various law enforcement administrations
    ala Raj Rajuratnam? And, most importantly, is the ongoing official anonymity of Skowron
    indicative that the SEC is merely using him to build a much greater
    "sting" case against his former, and oh so very elusive, employer? 

We were correct about pretty much everything.

And for shits and giggles, here are SAC's top 100 holdings:


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Tue, 11/23/2010 - 15:35 | 750161 NoBull1994
NoBull1994's picture

Stevie will always have his looks, though.

Tue, 11/23/2010 - 15:36 | 750165 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He looks like Hank Paulson's fat cousin.

Tue, 11/23/2010 - 15:45 | 750195 Double down
Double down's picture

More like a faggopatomus

Tue, 11/23/2010 - 15:49 | 750220 Slash
Slash's picture

I was just reading Schwagers "stock market wizards" the other day. 2nd to last guy interviewed....none other than Steven Cohen......./barf


captcha = ____ + 22 = 24?



time for harder captchas....


Tue, 11/23/2010 - 16:25 | 750358 velobabe
velobabe's picture

i think that one was intended for me, tyler forgot.

Tue, 11/23/2010 - 16:38 | 750409 Joe Davola
Joe Davola's picture

Careful, or you'll get the "prove Fermat's last theorem" captcha.

Tue, 11/23/2010 - 16:49 | 750445 cougar_w
cougar_w's picture

LOL nice one

Tue, 11/23/2010 - 18:16 | 750763 snowball777
snowball777's picture

I'm gonna need way more than 2 chars for that.

Wed, 11/24/2010 - 03:14 | 751764 chopper read
chopper read's picture

i actually DID prove Fermat's Last Theorem one night whilst on acid, but i lost the piece of paper.  Go figure.


get it?  "go figure"? 

Tue, 11/23/2010 - 18:52 | 750822 Careless Whisper
Careless Whisper's picture

interesting. this is from the story:

For now I will refrain from revealing too much of the article’s contents except to alert you that it includes excruciating detail about this Milken network, shocking facts about some traders who are dangerous in every sense of the word, and a tremendous amount of information regarding some singularly ruthless organized crime groups and people tied to the world’s most violent terrorist outfits.

Tue, 11/23/2010 - 16:24 | 750353 velobabe
velobabe's picture

fagasaurus sex

Tue, 11/23/2010 - 17:44 | 750648 The Rock
The Rock's picture

trannysaurus sex (t. sex)

Wed, 11/24/2010 - 08:56 | 751947 Widowmaker
Widowmaker's picture

Don't let the junks get you down - it appears that more and more users from the Huffagton post visit ZH.

Tue, 11/23/2010 - 15:56 | 750250 MasterB
MasterB's picture

At least they don't grease back their hair.

Tue, 11/23/2010 - 20:04 | 750948 Rainman
Rainman's picture

....ah yah, round up all the unusually ugly bald guys.

Tue, 11/23/2010 - 21:19 | 751051 chindit13
chindit13's picture

He has a very lovely and charming wife.  No kidding.

Tue, 11/23/2010 - 15:58 | 750259 Ripped Chunk
Ripped Chunk's picture

I'm sure he fancies himself the suave, handsome master of the universe just like the rest of the socipaths of his ilk.

Tue, 11/23/2010 - 17:29 | 750586 doolittlegeorge
doolittlegeorge's picture

"suave and deboner"?

Tue, 11/23/2010 - 20:02 | 750939 Ted K
Ted K's picture

Looking at Steve Cohen I keep wondering what Kosher food could make a man's teeth so yellow and is fluoride spoken against in the Torah??? 

Tue, 11/23/2010 - 15:41 | 750187 ZackAttack
ZackAttack's picture

I wonder sometimes about these billionaires.

Like, how Trump wears a rug that looks like the matted ass-hair of an orange tabbycat.

And, kee-rist, have you ever seen George Lucas' teeth? Could he not drop a thousand or so on Invisalign?

Tue, 11/23/2010 - 15:51 | 750224 Desenstematic
Desenstematic's picture

They look like that for a reason,

So your run of the mill construction worker thinks he could "kick his ass" and continues about his toiling...

Tue, 11/23/2010 - 16:16 | 750326 Agent P
Agent P's picture

"...Trump wears a rug that looks like the matted ass-hair of an orange tabbycat."

That's top shelf color commentary!  I applaud you sir.


Tue, 11/23/2010 - 19:46 | 750908 Problem Is
Problem Is's picture

You insult matted-ass orange tabby cats, sir...
I challenge you Donald Trump <BITCH><SLAP> to a duel...

Since you would be fucking up my chili cheese dog order right now if your daddy had not left you $400 million...

Your choice of weapons, sir....

Tue, 11/23/2010 - 16:25 | 750352 Leo Kolivakis
Leo Kolivakis's picture

Trump is a shameless self-promoter -- always was one, always will be one. In the world of real estate, he is a midget compared to guys like Tom Barrack and John Grayken. I wish America would fire Trump once and for all!

Tue, 11/23/2010 - 17:30 | 750589 doolittlegeorge
doolittlegeorge's picture

that's why we love him!

Tue, 11/23/2010 - 21:28 | 751063 chindit13
chindit13's picture

It's part of their bug-out kit.  They can blend into the crowd and be "misunderestimated".  Remember what got people pushing daisies, or lotus blossoms, in Khmer Rouge Kampuchea.  Handsome, good teeth, soft hands, glasses.....

On the other hand, guys like Louis Bacon couldn't hide at the Rose Bowl on New Year's Day.

Tue, 11/23/2010 - 15:54 | 750238 Bananamerican
Bananamerican's picture

i'm not prone to visualizing a man on a roasting spit but...

Tue, 11/23/2010 - 16:16 | 750328 Ratscam
Ratscam's picture

he definitely pays double price at the brothels

Tue, 11/23/2010 - 16:38 | 750411 Desenstematic
Desenstematic's picture

Look at the weird "colorful children sculpture" in the front of his yard:

Tue, 11/23/2010 - 17:52 | 750678 UpShotKnotHoleGrable
UpShotKnotHoleGrable's picture

nice job zh

Tue, 11/23/2010 - 17:56 | 750683 UpShotKnotHoleGrable
UpShotKnotHoleGrable's picture

no idea why it's trip posting

Tue, 11/23/2010 - 17:53 | 750687 UpShotKnotHoleGrable
UpShotKnotHoleGrable's picture

Nice job ZH.  You don't have to take anybody's shit!

Tue, 11/23/2010 - 15:37 | 750164 Dr. Engali
Dr. Engali's picture

Clearly this is what Darth Vader would look like without the burns.


Tue, 11/23/2010 - 18:03 | 750720 Jaw Knee Cash
Jaw Knee Cash's picture

The dying repentant Vader, of course. "Luke, I'm so sorry I blew off all your little league games for coke, hookers, and being a master of the universe." "It's ok pop, I'm just glad we had this special moment together before you skurry off to star-hell for being such a murderous douche bag for so long."

Tue, 11/23/2010 - 15:36 | 750166 cougar_w
cougar_w's picture

SAC: they got nuthin on me the rats

Tue, 11/23/2010 - 15:37 | 750168 jory
jory's picture

Stevie ain't going down.  He'll have the best attorneys money can buy who will tear up the government guys in their polyester shirts and clip-on ties.  

Tue, 11/23/2010 - 15:53 | 750235 Mad Max
Mad Max's picture

You mean all the federal prosecutors now joining the Federal $150k club, while private practice attorneys hope to get their fees paid?

Oh, this guy's defense attorneys will be paid more than the prosecutors, but to think it's an unfair fight in his benefit is ignorant.

Tue, 11/23/2010 - 16:11 | 750306 OutLookingIn
OutLookingIn's picture


 Why not?

The Department of Wrist Slaps is ready in case of guilty verdicts!

Tue, 11/23/2010 - 17:36 | 750614 Crisismode
Crisismode's picture

Hey Jory! How's that PM call you made this morning working out for you?!?!

by jory
on Tue, 11/23/2010 - 11:55


Looks like the Buy Gold crowd is going to get a Colon Cleansing for Thanksgiving.  LMFAO!!!!

Tue, 11/23/2010 - 18:07 | 750737 R Man J
R Man J's picture



Good work Crisismode. An all-too-rare documented troll-capture!


Tue, 11/23/2010 - 15:37 | 750171 BrianOFlanagan
BrianOFlanagan's picture

another win for Project Mayhem

Tue, 11/23/2010 - 15:38 | 750174 tmosley
tmosley's picture

Doing the SEC's work for them, eh?

Well done.

Tue, 11/23/2010 - 15:38 | 750178 jory
jory's picture

I'd like to know why he hired Ron Insana other than he made him feel better about being fat and ugly.  Tall, fat and ugly is better than short, fat and ugly.





Tue, 11/23/2010 - 15:39 | 750180 LFMayor
LFMayor's picture


Tue, 11/23/2010 - 16:00 | 750270 Ripped Chunk
Ripped Chunk's picture

Its the one that says "Bad Motherfucker" on it.

Tue, 11/23/2010 - 15:44 | 750192 GhostTrader
GhostTrader's picture

seems like a nice guy, what seems to be the problem?

Tue, 11/23/2010 - 15:57 | 750251 Bananamerican
Bananamerican's picture

apparently he's actually a man of great avarice, vanity and mendacity...

the community is shocked

Wed, 11/24/2010 - 03:21 | 751775 StychoKiller
StychoKiller's picture

"He was always quiet, yet courteous to me -- I can't imagine that I was living next door to such a monster!"   (No one saw it coming!) :>D

Wed, 11/24/2010 - 03:40 | 751790 chopper read
chopper read's picture


too funny!!!

Tue, 11/23/2010 - 15:44 | 750194 erik
erik's picture

Yeoman's work, TD.

The Euro appears to be consolidating right now like it did after yesterday's big drop.  A bad sign that it is working the near-term oversold off as a function of time and not price.  The Pound is catching up to the Euro in losses today.

Junk bonds are selling pretty heavily again.  Investment grade and munis are mostly even.

Wed, 11/24/2010 - 03:41 | 751791 chopper read
chopper read's picture

sound observations, e. 

Tue, 11/23/2010 - 15:45 | 750198 RobotTrader
RobotTrader's picture

Looks like poor Stevie is short some "hot potato" mo-mo stocks with outlandish PE ratios.

I mean really, restaurant reservation stocks like OPEN going through the roof when global markets are in the midst of a meltdown?


Tue, 11/23/2010 - 15:53 | 750236 trav7777
trav7777's picture

it's enough to make you scratch your chin

Tue, 11/23/2010 - 16:04 | 750287 Ham Wallet
Ham Wallet's picture

chinS  ; )

Tue, 11/23/2010 - 16:21 | 750342 Agent P
Agent P's picture

; ))


Tue, 11/23/2010 - 18:04 | 750724 maff
maff's picture

Now thats funny

Tue, 11/23/2010 - 18:27 | 750775 Careless Whisper
Careless Whisper's picture

look at all the chinese solars on that list

Tue, 11/23/2010 - 15:58 | 750257 HarryWanger
HarryWanger's picture

Because the consumer is spending. They're spending on eating out now. They're spending on travel. They're spending on clothing. They're spending on iGadgets.

So it makes perfect sense why these stocks are running. If the 90% that have jobs are spending, the stocks will continue to run.

Tue, 11/23/2010 - 16:11 | 750307 goldmiddelfinger
goldmiddelfinger's picture

They sure didn't open the wallet for your 12:45 rally call.

Tue, 11/23/2010 - 17:57 | 750517 Sancho Ponzi
Sancho Ponzi's picture

People Employed in Private Sector

Oct, 2004             Oct, 2010

139,778,000         139,749,000


Population of USA

Oct, 2004             Oct, 2010

295,000,000         311,000,000

Number of govt employees + unemployed each person working in the private sector must support:

Oct, 2004             Oct, 2010

1.11                    1.23

That amounts to a transfer of wealth of an additional 10% (in 6 years!) being taken from private sector workers and given to those who either work for the government or do not work.

Tue, 11/23/2010 - 17:50 | 750673 Crisismode
Crisismode's picture



Tue, 11/23/2010 - 16:12 | 750312 erik
erik's picture

You're totally right.  This time it is different.  This is so easy a discretionary goods salesman could do it.

Tue, 11/23/2010 - 16:14 | 750316 VK
VK's picture

Fuck Harry, why are you spewing this retail crap again. Let's clarify this:

The entire retail sector is 7.9% of the GDP compared to a 21.4% share for the FIRE tranch (finance, insurance and real estate) of the economy.



Retail is irrelevant to the US economy when compared to the FIRE sector! A blowup in Europe sends all the good news out of retail under the water. That's why bad financial news will always trump whatever great retail news there is. Finance is the real US economy now. NOT retail. 


Tue, 11/23/2010 - 16:23 | 750345 Bill Lumbergh
Bill Lumbergh's picture

I would not waste your time...just as we are convinced there is no sustainable recovery he is convinced that every man, woman, and child will be using their new iPad traveling aboard an airline with a ticket purchased via Priceline.

Wed, 11/24/2010 - 03:25 | 751776 StychoKiller
StychoKiller's picture

After suitable "Gropage" has occurred first, of course! :>D

Tue, 11/23/2010 - 16:14 | 750317 fuu
fuu's picture

90% that have jobs? Way high there duder.

Tue, 11/23/2010 - 16:20 | 750341 buzzsaw99
buzzsaw99's picture


Wed, 11/24/2010 - 03:26 | 751777 StychoKiller
StychoKiller's picture

Could be true, haven't you seen those day-trader is a baby commercials?? :>D

Tue, 11/23/2010 - 16:17 | 750330 tmosley
tmosley's picture

If that were the case, then the earnings would be higher, so the P/Es wouldn't be so far out of line.

Honestly, this isn't rocket science.  The fact that this is a liquidity induced bubble is just totally lost on you.

Tue, 11/23/2010 - 16:18 | 750335 Astute Investor
Astute Investor's picture

Too bad that most of that 90% have zero or negative net worth.  Translation - only the illusion of wealth.  Who can think about retirement in 10, 20 or 30 years when there is another iCrap to buy today.  Just like their elected officials, people are happy to kick that can down the road when it comes to saving for retirement.

Tue, 11/23/2010 - 17:16 | 750537 Commander Cody
Commander Cody's picture

Uncle Slam will be there for them.

Wed, 11/24/2010 - 03:28 | 751779 StychoKiller
StychoKiller's picture

Seen at "Runnings" (a tractor/farm supply store):  "Wall Street has insured that I'll outlive my retirement!"

Tue, 11/23/2010 - 16:22 | 750350 Tortfeasor
Tortfeasor's picture

If consumers were spending, it would be the "E" in P/E that is increasing.  That's not happening.

Any more wrong calls you want to make today?

Tue, 11/23/2010 - 16:48 | 750441 Arius
Arius's picture


hey harry - still waiting for the drop to 1341 or did you cover?

Tue, 11/23/2010 - 18:01 | 750713 downrodeo
downrodeo's picture


You're right. People are spending from their 401K's, money market accounts, and mutual funds in order to go out and spend spend spend. I mean, its the holidays! I fired my fund manager and took my cash and I'm on vacation right now, the rest goes into PMs. Consumer spending won't return to pre crash 'normalcy' until wage rates go up or deflation decimates prices. You're postcard is in the mail ;-)

Tue, 11/23/2010 - 18:05 | 750728 Billy Bob
Billy Bob's picture

Here it is......

"And for shits and giggles"

I have not heard that since my mother left us in 1996.......

She meant it the same way the author above means it.... 


Harry...It is always a pleasure to read your comments...I learned it is important to understand both sides of an arguement ...... you keep me grounded.



Wed, 11/24/2010 - 03:32 | 751783 StychoKiller
StychoKiller's picture

HW reminds me of a real-estate agent trying to sell a house with a large termite infestation:  "See how solid these hardwoord floors are (as he jumps up and down on one)...CRASH!  It's okay folks, the old mattress in the basement broke my fall!"

Tue, 11/23/2010 - 18:05 | 750729 Billy Bob
Billy Bob's picture

Here it is......

"And for shits and giggles"

I have not heard that since my mother left us in 1996.......

She meant it the same way the author above means it.... 

Harry...It is always a pleasure to read your comments...I learned it is important to understand both sides of an arguement ...... you keep me grounded.


Tue, 11/23/2010 - 18:11 | 750748 Panafrican Funk...
Panafrican Funktron Robot's picture

The 400 billion dollar spike back at the end of March 2009 was due to FASB rules that put a bunch of securitized consumer loans back on balance sheet.  I'll direct everyone's attention to the fact that, since the peak borrowing in February 2009, consumer loans have dropped $104.7 billion dollars.

So, rah rah all you want about individual players, the reality is that, in a fractional reserve system, debt must necessarily increase in order for the economy to grow in size.  Debt falling off a cliff = economy falling off a cliff.  End of story.  Not only have we not seen a bottom, we really haven't even seen a slowdown in the decline. 

Tue, 11/23/2010 - 18:42 | 750809 samsara
samsara's picture

I posted this on a wrong thread the other day...

Funk, Folks when Wang here says he was at the malls and they were busy and he didn't see any of those 42+ million on food stamps there,  well,  He's looking at his peeps, that is the crowd that IS doing well.  

And it's why he didn't see any of those walmart shoppers when he was coming out of Nordstroms....

So don't tell him the system needs to be changed.

As Pedro(amplified by a SNL skit) used to say...

"De System has be verry verry good to me"

This explains how Nordstroms' earnings can rise by a healthy 43% while Wal-Mart's sales in the U.S. can decline

Wed, 11/24/2010 - 03:45 | 751794 chopper read
chopper read's picture

H-Wanker, you are such a monkey its actually great comic relief.  thank you.


psst, that's a back-handed compliment. 

Tue, 11/23/2010 - 16:35 | 750400 Djirk
Djirk's picture

unfjuckinbelievable...check out this article on OPEN and how the kill restaurant profits.

the restaurants are going to drop this in a second when something better comes along. with the low barriers to entry in the web and a valuation like this, they are going to get crushed.




Tue, 11/23/2010 - 23:11 | 751293 The Real Fake E...
The Real Fake Economy's picture

Robot, I reached out to management for OPEN earlier in the year to see about expanding their business into China as at the time they had their reservation system at less than a handful of restaurants in HK, but none on the mainland.  Up until that point their only substantial int'l presence was in UK, Germany and Japan.  Something tells me they are either beefing up internationally or their currently a takeover target and someone's got the inside scoop. 

Tue, 11/23/2010 - 15:46 | 750201 goldmiddelfinger
goldmiddelfinger's picture

All these names will plea out in order to get the ivory domes behind the monkeyshines, Waddel & Reed

Tue, 11/23/2010 - 15:46 | 750206 slaughterer
slaughterer's picture

Poster child for a pig man.

Tue, 11/23/2010 - 15:47 | 750208 cxl9
cxl9's picture

As an investor, I wonder how I can front-run all these theatrical performances in law-enforcement.

Tue, 11/23/2010 - 17:17 | 750540 Commander Cody
Commander Cody's picture

Correction, you are a trader.

Wed, 11/24/2010 - 07:56 | 751901 The Rock
The Rock's picture

Theatrical performances indeed!

Tue, 11/23/2010 - 15:48 | 750215 bob_dabolina
bob_dabolina's picture

Why are they going after such a small fund?

Tue, 11/23/2010 - 15:53 | 750216 hellboy
hellboy's picture

thats funny... I was just reading this baby 2 days ago...

"In the rough with SAC capital" As the hedge funds resident golf pro, Sam Evans plays finest US courses with the super rish. Does that give SAC a trading edge?

Tue, 11/23/2010 - 15:49 | 750219 Silence_Dogwood
Silence_Dogwood's picture

All part of the USGVT takeover of industry.  Private capital must be demonized and crowded out so that fascism can be better executed.

Tue, 11/23/2010 - 15:59 | 750266 Crispy
Crispy's picture

Roger That...

Tue, 11/23/2010 - 17:35 | 750610 Djirk
Djirk's picture

let the asset seizures begin! the FED now knows it can not prop the markets forever (or keep the dollar down)

Now the FED and guvMINT need some scapegoats and some cold hard cash

maybe I can buy some nice shoes from this guy at an auction 

Tue, 11/23/2010 - 15:50 | 750223 Horatio Beanblower
Horatio Beanblower's picture

Number 22 sounds a bit dodgy.  I didn't know you could buy them wholesale.

Tue, 11/23/2010 - 15:51 | 750226 docj
docj's picture

Leg-irons, bitchz.

Tue, 11/23/2010 - 15:53 | 750234 Silence_Dogwood
Silence_Dogwood's picture

Innocent until proven guilty.  Do you really think the DOJ is doing this for *your* good?  It's all scheming, and eventually they grab you.

Tue, 11/23/2010 - 16:05 | 750291 docj
docj's picture

Easy there, lad.  I don't expect the Fed.Gov to do anything for my good except by complete accident.

Tue, 11/23/2010 - 15:51 | 750227 bob_dabolina
bob_dabolina's picture


There she is.

Tue, 11/23/2010 - 15:53 | 750237 RobotTrader
RobotTrader's picture

Another disasterous investment by Alaweed.

At least he doesn't do any insider trading.  He just outright plunges head first into the worst stocks.


Tue, 11/23/2010 - 15:55 | 750243 trav7777
trav7777's picture

c'mon WB7, photoshop a fuckin Guiness and a fistfull of Citi and GM paper into those hands with a caption "BRILLIANT!!!11"

Tue, 11/23/2010 - 19:13 | 750852 AccreditedEYE
AccreditedEYE's picture


Tue, 11/23/2010 - 15:58 | 750256 bigking12345
bigking12345's picture

I guess it's beating and mutilating time for wife # 46 tonight. Nothing like a good whipping to calm down a little.

Tue, 11/23/2010 - 16:02 | 750278 ZackAttack
ZackAttack's picture

Looks like he's all set for a nice game of ring-toss afterwards, as well.

Tue, 11/23/2010 - 15:58 | 750260 ZackAttack
ZackAttack's picture

My memory on this may be rusty, Robo, but didn't the Clown Prince take a big handful of Citi in the 20s back in 2008?

Tue, 11/23/2010 - 16:00 | 750264 Bananamerican
Bananamerican's picture

"50's! You promised me GM in the 50's, you son of a one eyed goat!!"

around the royal den he's known as "AllTheWeed"

Tue, 11/23/2010 - 16:05 | 750273 redpill
redpill's picture

Alaweed be smoking Allah's Weed


(-30) times 32 equals = -960
Math question cannot be longer than 3 characters but is currently 4 characters long.

WTF do you want from me Durden



Tue, 11/23/2010 - 16:15 | 750323 merehuman
merehuman's picture

redpill, its not just you.  Did you think you were that special?

Tue, 11/23/2010 - 16:17 | 750332 redpill
redpill's picture

It's a conspiracy, G. Edward Griffin told me so

Tue, 11/23/2010 - 15:55 | 750247 43 Steelie
43 Steelie's picture

How does holding a portfolio of these 100 generic U.S. stocks generate any alpha, particularly post 2 and 20?

Tue, 11/23/2010 - 16:27 | 750372 firstdivision
firstdivision's picture

I was wondering the same thing myself.  I think he played a lot of derivatives and options.  

BTW his fund is not 2/20 but more like 3/50.

Tue, 11/23/2010 - 18:42 | 750808 Leo Kolivakis
Leo Kolivakis's picture

They trade like motherf@ckers, especially their short book.

Tue, 11/23/2010 - 15:56 | 750249 Hansel
Tue, 11/23/2010 - 16:03 | 750282 Horatio Beanblower
Horatio Beanblower's picture

Very good, Hansel.  I liked the number jealousy.

Tue, 11/23/2010 - 15:56 | 750252 trav7777
trav7777's picture

take down ALL the mutual funds.  Kill, them, fine them, take all the near-rich's money.  Just don't touch the "private wealth" bigfish at GS and JPM.

SOMEONE has to pay for all these wall street shenanigans and it MUST BE the upper middle and lower upper class!

Tue, 11/23/2010 - 20:50 | 751006 unununium
unununium's picture

My conclusion exactly.  All the pieces are in place.  Now the harvest is child's play.

Tue, 11/23/2010 - 15:59 | 750265 bugs_
bugs_'s picture

#4 son of a bitch must pay

Tue, 11/23/2010 - 16:00 | 750269 ZackAttack
ZackAttack's picture

Investing in biotechs is more punishment in its own right than any one man should have to endure.

Tue, 11/23/2010 - 17:06 | 750501 jomama
jomama's picture

meh it will probably wind up being the world's leading industry one way or another, one day...

Tue, 11/23/2010 - 16:01 | 750275 lolmaster
lolmaster's picture

Well that's what happens when you back the GOP boys. "Stevie, you broke my heart." No worries, I'm sure after a sacrificial junior PM and a fat 8 digit check to the Friends of Chuck Schumer PAC, good ole Stevie will be back in biz.

One wonders where the probes on Soros Fund Mgmt and Avenue Capital, and accompanying rejoicement from TD, are? And who really funds ZH?

Tue, 11/23/2010 - 17:05 | 750500 jomama
jomama's picture


Tue, 11/23/2010 - 21:12 | 751041 Eally Ucked
Eally Ucked's picture

"And who really funds ZH?" And what is your best guess?

Wed, 11/24/2010 - 03:37 | 751788 StychoKiller
StychoKiller's picture

My FRNs are on Bruce Wayne!

Tue, 11/23/2010 - 16:01 | 750276 Superdrol
Superdrol's picture

The SEC has their priorities mixed up.  When are they going to charge Jim Cramer aka Mr. Pump 'n Dump ?

Tue, 11/23/2010 - 16:05 | 750292 Sudden Debt
Sudden Debt's picture

Like Cramer would say: "I AM SPARTACUS!!! WHOEHAAAAAA!!"

Tue, 11/23/2010 - 16:31 | 750387 Arius
Arius's picture



Tue, 11/23/2010 - 16:02 | 750277 goldmiddelfinger
goldmiddelfinger's picture

Who hit Maria in the flapper with a 2X4?

Tue, 11/23/2010 - 17:34 | 750607 doolittlegeorge
doolittlegeorge's picture

ZH rules violation!  ZH rules violation!

Tue, 11/23/2010 - 16:02 | 750280 redpill
redpill's picture

I wonder if he'll be Bernie's prison bitch

Tue, 11/23/2010 - 16:07 | 750295 bigking12345
bigking12345's picture

how much junk does simon hobbes get in his eyes at night?

Tue, 11/23/2010 - 16:07 | 750296 Horatio Beanblower
Horatio Beanblower's picture

Barry Ritholtz...


Hey Zombie Bears, It's Time To Admit The Recession Is Over

Read more:

Tue, 11/23/2010 - 16:09 | 750302 Horatio Beanblower
Horatio Beanblower's picture

Reply from Cheeky Bastard on Twitter to BR's article:-


""Recession is over" ... tell that to 45 MILLION people on food stamps. Fuck your statistics, its a dream world."


Good old, Cheeky.  He hits the nail on the head.

Tue, 11/23/2010 - 18:08 | 750744 maff
maff's picture

but we miss him here at ZH :-(

Tue, 11/23/2010 - 16:29 | 750375 erik
erik's picture

He has switched positions frequently in the last two months alone.  You'd think from his pompous tone in this article that he was a bull all along.  He is self-admittedly about to get stopped out of his long positions.

Of course the recession is over if the definition is the traditional GDP definition.

Maybe that pompous prick can have a look at GDP from the 2000 recession.  That's right, only two quarters that were negative GDP prints.

Q1 2001 -1.3

Q3 2001 -1.1 (Sept 11th effect?)

No official recession there, but what did the stock market do during that time?


Tue, 11/23/2010 - 16:08 | 750299 RobotTrader
RobotTrader's picture

Do we dump into the bell or not?

That is the question.....

Tue, 11/23/2010 - 16:09 | 750303 redpill
redpill's picture

Post boobies or you're getting junked

Tue, 11/23/2010 - 16:14 | 750318 RobotTrader
RobotTrader's picture

Another arb play getting destroyed.....

Heh, somebody changed their mind on Airgas.

Tue, 11/23/2010 - 16:19 | 750339 Cognitive Dissonance
Cognitive Dissonance's picture

Brings new meaning to the term "air bag".

Tue, 11/23/2010 - 16:26 | 750356 cougar_w
cougar_w's picture

Or new meaning to "ditzy blonde". I mean, did she really cross it up on a string on the ground? Jeezuz.

Tue, 11/23/2010 - 16:26 | 750365 Paper CRUSHer
Paper CRUSHer's picture

Hehehehe...Lol....Crash chest dumb(y) blonde.

Tue, 11/23/2010 - 17:06 | 750503 Cognitive Dissonance
Cognitive Dissonance's picture

Can you say "road rash"?

Tue, 11/23/2010 - 17:26 | 750566 Paper CRUSHer
Paper CRUSHer's picture

I'll twy two tway it......"woad twash"...ohhh...nweverwind

Bwat cwan i stwill hawve mwe cwandy bwar?

Tue, 11/23/2010 - 19:20 | 750864 Scout Itout
Scout Itout's picture


Tue, 11/23/2010 - 20:56 | 751016 Hulk
Hulk's picture

Going to need to blow real hard in her mouth to pop her nipples back out!

Tue, 11/23/2010 - 16:24 | 750354 tmosley
tmosley's picture

At least she had her airbags pre-deployed. 

Tue, 11/23/2010 - 16:34 | 750399 Cognitive Dissonance
Cognitive Dissonance's picture

Safety cushions and crumple zones bitches.

Tue, 11/23/2010 - 16:36 | 750402 velobabe
velobabe's picture

she isn't even wearing a helmet. slammed head be gone. i put out my right hand to break the fall. that is BAD robo, just mean.

Tue, 11/23/2010 - 16:55 | 750451 hedgeless_horseman
hedgeless_horseman's picture

I was betting your comment would be first person.  Something about strawberries on melons.

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