The next time I am in Bronte (maybe for a coffee at the Bogey Hole Cafe) I am going to find John Hempton and not just genuflect, but lie prostrate on the ground in front of him.
This from a couple of days ago, at the zenith of market panic. Brilliant.
Who has got the margin call?
The market is not puking. Some prime broker is puking the stocks held by one or more very large hedge funds.