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One Trader Is ‘In A Good Mood This Morning’ Even Though Something ‘Horrible’ Could Happen Over The Weekend
Former trader and current man who is going to stay on hold for about another 61 seconds before he rips the phone out of the wall and throws it through a window, Richard Brelsow, is "in a good mood," on Friday. That's your breaking news right there.
Richard actually says that in his final missive of week, seemingly confirming our long-held suspicion that "good mood" and "Richard Breslow" are not two things that are often spotted together in the wild.
Well, as you know because you read our l
The comment about the FED Chair nomination coming down to polar opposites is interesting. Think about what you would do if you were the “selector” and you had, on the side, an offshore personal/family trading operation that was tasked to front run major decisions of this kind. How would you manage the process leading up to the selection announcement?
First, you would set up a horse race between two opposites – creating a neutral trading zone as respects this issue. Next, you would leak alternating biases over time, leaning one way or the other, moving markets predictably behind each leak. Next, you would lean hard in one direction, getting the market largely on one side of that trade. Now, here’s the bonus question: Once you have the market to one side with 90% certainty, what’s the final selection?
Between the tweets, the head fakes, back-peddling, and all of the rest of this set-ups from day one – and by that I mean the day after the election – is it not now clear that there just has to be a giant personal front running operation in the background benefiting the instigator and his heirs?
By the standards of the day, of course, the instigator could actually one day acknowledge this is the case, and in fact that he has made “huge” amounts of money from it and no one would blink an eye because the narrative would be: “…What did you expect? You knew who I was…I said I was going to run this like a business….you agreed……so this is my business…and, by the way, I gave many millions away to charity along the way…like that $25 grand I sent to the family of that dead soldier…..”
…and his cover was he refused the annual salary that goes along with the new job. Even that had to be verified when the promise to donate that salary was not being done or at least was not visible.
Geezus.