Stocks Slump To Tepper's Latest "Balls To The Wall" High

Tyler Durden's picture

Following our most recent discussion of David Tepper's apparently 'now' bearish bias to financials (based on his $400mm BWIC), it appears that his latest "balls to the wall" thesis is not playing out so well. The S&P 500 just touched the key 1491.50 'Tepper Balls'-Day highs... meanwhile VIX has jumped by the most this year from Friday's lows...

 

 

Note - all the dotted green arrows are EXACTLY the same size and velocity!! coincidence?

 

Chart: Bloomberg