Thursday, November 17, 2011

Barnhardt Capital Management ceases operations

This elicited an "oh... shit" reaction when I read the whole of the blog posts. This does not bode well at all.
Yes, this is the Same Anne Barnhardt of Youtube video fame with the pink rifle that denounces and taunts  Islamo-fascists.

Two Excerpts from Ms. Barnhardt's blog posts today: (bolding mine)
"Jon Corzine STOLE the customer cash at MF Global. Knowing Jon Corzine, and knowing the abject lawlessness and contempt for humanity of the Marxist Obama regime and its cronies, this is not really a surprise. What was a surprise was the reaction of the exchanges and regulators. Their reaction has been to take a bad situation and make it orders of magnitude worse. Specifically, they froze customers out of their accounts WHILE THE MARKETS CONTINUED TO TRADE..."
"The futures and options markets are no longer viable. It is my recommendation that ALL customers withdraw from all of the markets as soon as possible so that they have the best chance of protecting themselves and their equity."
The blog post is in two parts, not overly long and not filled with technical trading terminology. (Even I can understand it). 

Found via IOTW


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