Hedge fund money is fleeing Chase stock and a recent spat of selling was recently led by Moore Capital Management, LLC, a $15 billion fund that just sold its full 6.47 million share position in the second quarter, despite having boosted its Chase holdings earlier this year. Unfortunately for the gigantic ponzi scheme bank, its derivatives trading losses as well as “material weaknesses” in its financial controls and reporting has caused once supportive investors into concerned sellers.
Further, Chase stock held by hedge funds, mutual funds and asset managers with at least $100 million in US equities shrank $28.7 billion in the second quarter to $89.8 billion, the largest position decrease in US equities for the entire quarter. Apparently, these sales are “a reflection of the fact that at least for the near term, it’s dead money,” according to Nancy Bush, an analyst and financial research editor.
Chase just highlights the overall trend in the past quarter, with reports indicating that financials lost 7.3 percent of hedge fund investment.
Story is HERE.
The Western Rothschild/Rockefeller financial part of this conspiracy is akin to a mansion on fire filled with guests. Essentially, those that know the house are heading to the exits while the rest are just merrily celebrating and going on as normal. Some may even detect a smell of fire and may ask about it but are pretending that it’s just nothing.
Money is fleeing the banks because the writing is on the wall. Today, some positive economic news apparently emerged with US manufacturing, but in reality, the game is reaching the point where the financial system is now ready to fall, and the question is how will it happen.
Eventually people will begin putting pieces together – if Libor was manipulated, how could the banks not manipulate the stock market and the silver and gold markets, etc. When that happens, I’m sure we’ll all see some really bizarre things occurring, as the population discovers that their whole financial system is a lie and now they have to reorient themselves completely.