Friday, May 6, 2022

Whippy Trippy

Jared Cohen: Sam, how long under normal operations would it take your people to clear that from our book?
Sam Rogers: What?

--Margin Call

After the +900 Dow pt day post Fed on Wed, Thurs saw -1100 pts. This am the Dow opened -400 in the hole only to claw back to even.

Chatter is that there was forced liquidation yesterday--which makes one wonder about the force behind the post Fed announcement rally that serendipitously brough higher prices for the folks who needed to sell...

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