PAULSON BLUES
We are seeing a replay of the original Paulson Bailout trading. On 9/18, we see the leaks to Gasparino which took the S&P up from 1175 to 1212. The next day, we had an options expiration SQ, and the S&P opened up at 1287. From there, within 3 trading days, it closed down to 1187.
This is a new pattern. The BAILOUT REJECTION PATTERN. We are just making this stuff as we go along.
Unprecedented.
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