Saturday, March 19, 2016

Liquidation Phase: Team Groupthink Imploding

Add hedge fund redemptions to the list of sellers. End of quarter is in two weeks...

Central Banks have made it "impossible" to hedge for anyone marked to market aka. "Wall Street"...

From bad:

"Redemptions in January were the worst since January 2009."

To worse: 

ZH: Mar. 19, 2016

"as of this moment the Goldman Sachs Hedge Fund index which tracks the performance of these "most popular" among hedge fund stocks, has never been lower despite the dramatic rebound in the broad market!"

Pershing Square (Bill Ackman's hedge fund)

All of which puts this into perspective:

Option skew: bets on a crash...