Monday, June 10, 2013

Last week's market volatility could've been due to SAC liquidation

As the government closes in on Steve Cohen's SAC Capital (and, perhaps, Steve Cohen himself), clients of the firm are asking for their money back.

Last week's purported, $3 billion in redemptions, could've been the reason for all the market volatility. We saw huge moves in forex, bonds and stocks.

For what it's worth, I have NEVER, in all my career as a trader, seen anyone rack up those kinds of profits and produce that kind of track record, without using inside information of some sort (legal or illegal) or, fleecing customers in some way, shape or, form.

And I've been a member of four exchanges and have seen it all.

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