Friday, November 18, 2016

A Reversal Of Fortune

Groupthink misguided the Brexit vote. And Groupthink misguided the Presidential vote. Because they are incapable of seeing the end game playing out...

"George Orwell once offered an excellent explanation for this phenomenon: as the imperial end-game approaches, it becomes a matter of imperial self-preservation to breed a special-purpose ruling class—one that is incapable of understanding that the end-game is approaching. Because, you see, if they had an inkling of what's going on, they wouldn't take their jobs seriously enough to keep the game going for as long as possible."

Hedge funds just got monkey hammered by Hillary Clinton:

ZH: Nov. 17, 2016
Violent Rotations: Record Clusterfuck In Every Direction

"Traditionally, during such times of violent rotations, numerous hedge funds don't survive simply because they get caught up in the margin calls, are unable to sell at modeled prices and fail to reposition fast enough. We should know the names of the first casualties within days."

The hedge fund ETF: