Paul Tudor Jones

"Paul Tudor Jones did not issue report on S&P500 or bonds, according to Abernathy MacGregor, public relations firm representing Tudor Jones."

Wondering why the market suddenly appears as if Bernanke said he thought the dollar has hit a technical bottom? The reason is that there is a rumor (for now) that Paul Tudor Jones has just called a top in the S&P, and is also expecting a bounce in bonds. Unclear if PTJ used the Tepper "balls to the walls" trademark when referring to the selling that may commence. And boy are we hoping the selloff with a huge surge in volume that resulted, is not a response to what one man thinks or else there really is no point in trading anything ever again.

And following up on the previous post demonstrating the escalating war of words vis-a-vis the increasingly hostile stance on Sino-US monetary relations, is the following recently released letter by Paul Tudor Jones in which the legendary traders discusses the critical relationship (among many other things) of the USD-CNY: "As someone who has traded foreign exchange since 1980, I believe the
RMB/USD rate is currently the single most important of all exchange
rates. It not only drives the largest foreign trade relationship in the
world, it also drives virtually every other exchange rate globally.
Dozens of other emerging market countries suppress their exchange rate
against the US dollar because the RMB is effectively pegged to the
dollar. And what is remarkable is the lack of any concrete policy initiative in the US to change this." In other words, we are stuck in an impasse that will not change for a long, long time, as both countries are terrified to really "defect", and neither country has a material advantage in any one regard, plus are entwined, despite all the jawboning, in a symbiotic relationship whose status quo is more valuable than standalone existence. Sorry Schumer.

"Tudor said the 47 percent gain in the Standard & Poor’s 500 Index of the largest U.S. companies since March 9, when it fell to a 12-year low, is a “bear-market rally.” The index topped 1,000 for the first time in nine months this week after companies reported better-than-expected profits."

~120 minutes of PTJ goodness. (Torrent file attached). We hear from the Zero Hedge Legal Team that we've been contacted by Agents of Mr. Paul Tudor Jones, who has asked us to remove the content we are not actually in possession of.

The mythical "TRADER - The Documentary" is finally available on You Tube. Relevant "full frontal" insights on the making of a hedge fund legend, and a paleolithic market dominated by monochrome PCs (what, no Bloomberg?), running to the municipal library for that 10-K, and no Flash orders frontrunning every trade.