“Players are pricing in the highest chance of an outlying black swan event in the next 30 days. The pricing currently is (for) a 15% chance of a two standard deviation move in the next 30 days. … So (it’s a) yellow flag for sure. Stay alert, stay alive!” wrote Roberto Friedlander, head of equity […]
Author Archives: Jason Kelly
The Participant 10/8/15: Glencrash
THE PARTICIPANT by Jason Kelly Thursday, October 8, 2015 ___________________________________ GLENCRASH Glencore (GLNCY $3.84) is the world’s largest listed commodity supplier. It operates in three segments: Agriculture, Energy, and Metals and Minerals. It employs more than 180,000 people worldwide. From its headquarters in Baar, Switzerland, it controls most of the world’s zinc market, half of […]
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Gross: Another 10% Drop Ahead
“More negative numbers lie ahead and if you define a bear market by a 20% correction, at some point — that’s six to 12 months — we’ll have a classic definition of a bear market, meaning another 10% downside.” Bill Gross, manager of the $1.4 billion Janus Global Unconstrained Bond Fund, said the whipsaw market […]
Gundlach: Another Wave Down
“The reason the markets aren’t going lower is people are holding and hoping. The market bottoms out when people are selling and sold out — not when they are holding and hoping. I don’t think you’ve seen real selling in risk assets broadly. Markets need buying to go up and they need volume to go […]
The Participant 9/30/15: Biotech Beating
THE PARTICIPANT by Jason Kelly Wednesday, September 30, 2015 ___________________________________ BIOTECH BEATING The Nasdaq Biotech Index has declined more than 20% in the eight trading sessions since Sept. 17. The blame is being placed partly on comments made by Hillary Clinton, front-runner for the Democratic nomination in the 2016 presidential election. She said on the […]
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