The Big Long: the exact opposite of 2008
In this cycle, thousands of hedge funds have already failed while attempting to short this current illusion, because ironically Skynet has been programmed to find the shorts and squeeze them into oblivion. (And of course 'hedge fund' refers to Goldman, JPM & Co., the world's largest closet hedge funds). This history's largest stop-hunt, is why the best-known perma-bears: Rosenberg, Roubini, Hendry have capitulated. It's either that or lose their jobs:
"Out of an estimated seventy-two hundred hedge funds in existence at the end of 2010, seven hundred and seventy-five failed or closed in 2011, as did eight hundred and seventy-three in 2012, and nine hundred and four in 2013. This implies that, within three years, around a third of all funds disappeared."
In this cycle, thousands of hedge funds have already failed while attempting to short this current illusion, because ironically Skynet has been programmed to find the shorts and squeeze them into oblivion. (And of course 'hedge fund' refers to Goldman, JPM & Co., the world's largest closet hedge funds). This history's largest stop-hunt, is why the best-known perma-bears: Rosenberg, Roubini, Hendry have capitulated. It's either that or lose their jobs:
"Out of an estimated seventy-two hundred hedge funds in existence at the end of 2010, seven hundred and seventy-five failed or closed in 2011, as did eight hundred and seventy-three in 2012, and nine hundred and four in 2013. This implies that, within three years, around a third of all funds disappeared."
This process of sucking in capital while making risk management impossible for anyone focused on short-term gain, is a necessary and sufficient condition to ensure that Wall Street's "profits" from this collapse, will not live up to the expectations of the last.
This time there will be nothing left to bail out.
