A Discussion on Derivatives & The Upcoming…

A dear friend texted me last night asking about the upcoming takedown of the global financial “markets”: Friend: What do you think the derivatives wipeout looks like with 330% moves in nickel, or 11% moves in London gas in a day? 4 quadrillion notional value out there. Want to bet there are trillions tied to even the lesser traded stuff? I think this is the big one. No way it can't be based on the confluence.

Read →