Theranos CEO "Devastated" In TV Interview, Just Hours Before News Of Criminal, SEC Probe

Theranos CEO "Devastated" In TV Interview, Just Hours Before News Of Criminal, SEC Probe

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. 

"War, Confiscation Or Redistribution" - An Anecdote On Systemic Reset

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.

Capitulation? US Equity Bears Dump Shorts Fastest Since 2012

Capitulation? US Equity Bears Dump Shorts Fastest Since 2012

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.

 

 

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