Zerohedge cannot make sense of their own charts. Let ZH enter trading orders at your own risk.
I know this is a “sky is blue” kind of post, but this post is simply delusional, and proves itself wrong. It’s worthy of notice because its own charts proves its point wrong. When the stimulus was being debated, the top unemployment rate was expected to be 9%.
As Zerohedge’s own chart shows, the unemployment rate was almost higher than 9% by the time Obama took office. In other words, the initial baseline projection should have been at least – at least – a full two points higher. I am not sure how to argue with such a lack of logic, so I’ll just mock it. Ha! Yer dumb, Zerohedge! You can’t even read your own charts! I wouldn’t let you within 10 yards of a trading desk, because you can’t read simple graphs! Yer dumb!
never mind found it:
Icahn wasted exactly zero time to take advantage of Herbalife's board expansion last week which gave him permission to build up his HLF stake to 25%. Moments ago the billionaire corporate raider just announced the purchase of another 2 million shares of HLF stock, taking his total to 16 million shares, or 15.5% of the company, up from 13.6% previously. Scarier for the shorts is that unlike before, Icahn is no longer pussyfooting with costless collars and is buying the shares outright at a blended cost somewhere in the upper $40/share range. The end game here is now very clear: build up a sufficient stake in the company to where the the amount of shares outstanding is greater than the float, at which point the stock borrow is pulled creating an epic squeeze, just as we predicted would happen back in December.