Update: it appears that Holmes will be even more "devastated" because as the WSJ reported moments ago federal prosecutors have launched a criminal investigation into whether Theranos Inc. misled investors about the state of its technology and operations, while the SEC is also probing the company at the same time.
Excerpted from One River Asset Management's Eric Peters' comments...
Anecdote: "People work in order to convert their time into a unit of account,” he said. “We call that money, and it’s an invention that allows us to store time.”
Most people have stored little or none. So when they receive money, they quickly purchase necessities; food, shelter, health care.
The last ten weeks have seen a 29% surge in "Most Shorted" stocks - that is the largest such move on record (creating the biggest rebound in stocks since 1933).
This huge short-squeeze began as S&P Large Speculators were the "shortest" since Dec 2011 and those shorts have covered non-stop since. In fact, the last 4-weeks saw a huge 27,347 'net' contracts covered - the most during a bear-positioning since May 2012.
Following a dramatic deterioration in official diplomatic channels between the US and Saudi Arabia when over the weekend the Saudis threatened the U.S. with dumping billions in Treasuries if Congress were to pass a bill probing into their alleged support of Sept 11 terrorists in the aftermath of last weekend's 60 Minutes report on the classified "28 pages" from the Septemeber 11 commission, moments ago the Obama administration made a stunning admission, when for the first time it revealed on the record that the Saudis were the original source of funding for Al Qaeda.
In a move that has undermined the ceasefire deal, Syrian rebels declared a new battle against government forces on Monday. Sign of escalating violence is also threatening to derail U.N.-led peace talks. The rebel groups, which included factions fighting under the banner of the Free Syrian Army and powerful Islamist Ahrar al-Sham, said in a statement they would respond “with force” against any government forces that fired on civilians.