{"id":20385,"date":"2023-10-04T04:53:40","date_gmt":"2023-10-04T04:53:40","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=20385"},"modified":"2023-10-04T00:53:59","modified_gmt":"2023-10-04T04:53:59","slug":"exit","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/exit\/","title":{"rendered":"Exit"},"content":{"rendered":"
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ALERT: EVACUATE MARKETS<\/div>\n
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Listen to me<\/div>\n
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This is not a drill and although you\u2019re not serious people \u2014 I feel obligated to inform you of what is transpiring.<\/div>\n
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We have crossed the rubicon of oversold and done so along time ago. We are now ebbing, ungraciously, towards actual crisis \u2014 the sort of crisis that calls for an old fashioned flushing out.<\/div>\n
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Investor margin debt stands at an impressive $700b, down from a trillion built up at the top of markets when all of the morons traded cartoons for a living. But over the past two years, markets have collapsed and with it the money of all of those people who felt it was a good idea to buy digital pictures of rocks for millions of dollars.<\/div>\n
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Look \u2014 we have a problem here. Mortgages are cresting towards 8% and there isn\u2019t any end in sight to what looks like a run on US treasuries. I grew up in an America that was known to me as just and resilient, hard but fair. We are none of those things now \u2014 gone are the halcyon days of largess and in comes the tyranny of a few weak men \u2014 imposing themselves onto the many.<\/div>\n
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I closed the session down 46bps \u2014 because I am a professional of the highest esteem. I am NET SHORT into tomorrow and view the VIX as LOW in the 20s. A real crisis deserves a VIX of 30 and higher. Very soon we will begin to hear about margin calls and hedge funds blowing up in fantastic fashion.<\/div>\n
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Backi in the dot com days when I was a stockbroker \u2014 I once had a personal margin call of $300,000. My margin clerk, her name was Felicia, all but kicked in my door and demanding payment post haste else she was prepared, as it was her right to do so, to liquidate my account at the market and fuck me over royally. After I had written the check and satisfied the call, the very next day I lost tens of thousands of it in a market that spawned directly from hades itself \u2014 all but ruining any plans young Fly had at building lasting wealth in a market as perverse as the dot coms.<\/div>\n
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At any rate, brace yourselves for severe downside action \u2014 the sort of tape that causes you to pretend it\u2019s not really happening, only that it is and you\u2019re here now reading me warning you about it ahead of time \u2014 something you will come to appreciate as the tenor of time manifests itself.<\/div>\n

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ALERT: EVACUATE MARKETS<\/p>\n

Listen to me<\/p>\n

This is not a drill and although you\u2019re not serious people \u2014 I feel obligated to inform you of what is transpiring.<\/p>\n

We have crossed the rubicon of oversold and done so along time ago. We are now ebbing, ungraciously, towards actual crisis \u2014\u2026<\/td>\n<\/tr>\n

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10\/3\/23, 3:19 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n <\/td>\n<\/tr>\n
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WordPress\u2019d from my personal iPhone, 650-283-8008<\/a>, number that Steve Jobs texted me on<\/span><\/div>\n

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https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n

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ALERT: EVACUATE MARKETS Listen to me This is not a drill and although you\u2019re not serious people \u2014 I feel obligated to inform you of what is transpiring. We have crossed the rubicon of oversold and done so along time ago. We are now ebbing, ungraciously, towards actual crisis \u2014 the sort of crisis that […]<\/p>\n","protected":false},"author":1,"featured_media":20386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20385","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/20385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=20385"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/20385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/20386"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=20385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=20385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=20385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}