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“I was absolutely shocked by what I read... What was so surprising was that those whom we thought we could trust really disappointed me. I cannot go into it any more than that. I had to sign an oath that what I read had to remain confidential. But the information I read disappointed me greatly.”

"I Was Absolutely Shocked At What I Read," Congressman Calls For Release Of Secret 9/11 Documents | ZeroHedge HomePremiumContributorsChannelsAllBailoutCommoditiesCOVID-19CryptoEconomicsEnergyGeopoliticalMarketsMedicalMilitaryPersonal-FinancePoliticalTechnologyWeatherPartnersThe Market EarSpotGammaMerchAboutMoreRSSDonateAdvertiseLOGINLoginUsernamePasswordLoginCreate new accountReset your passwordThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.ZeroHedge ReadsAlt-MarketAntiWar.comBitcoin MagazineBombthrowerBULLIONSTARCapitalist ExploitsChristophe BarraudDollar CollapseDr. Housing BubbleFinancial RevolutionistForexLiveGains Pains & CapitalGefiraGMG ResearchGold CoreImplode-ExplodeInsider PaperLiberty BlitzkriegMax KeiserMises InstituteMish TalkNewsquawkOf Two MindsOil PriceOpen The BooksPeter SchiffQTR’s Fringe FinanceSafehavenSlope of HopeSpotGammaTF Metals ReportThe Automatic EarthThe Burning PlatformThe Economic PopulistThe Libertarian InstituteThe SakerThemis TradingValue WalkVisual Combat Banzai7Wolf StreetExpand"I Was Absolutely Shocked At What I Read," Congressman Calls For Release Of Secret 9/11 Documentsby Tyler DurdenSunday, Jul 20, 2014 - 08:31 PMThis article is archived.Upgrade to premium to access all of the ZeroHedge archive.Already a member? Sign in.Introducing ZeroHedge Premium. Why Premium?PREMIUMJack's Lack Of CensorshipONLY $25/MONTHBILLED ANNUALLY OR $30 MONTHLYAll BASIC features, plus:- Ad-free environment- Unmoderated comment section- Premium commentary features including user tiering and comment tracking (coming soon)- Access to private, invitation-only Zerohedge twitter account- Exclusive access to The Market Ear content- Access to Newsquawk breaking news and market squawks, and discount for real-time commentary- Early glimpse at all our postsSELECTPROFESSIONALProject MayhemONLY $85/MONTHBILLED ANNUALLY OR $100 MONTHLYAll PREMIUM features, plus:- Access to our constantly updated research database via a private dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)- Notifications for new posts, breaking news and comment replies (coming soon)- Discord-based chat and commentary rooms (coming soon)Contact us about Enterprise Solutions priced at $5,000/moSELECT301,197Trending on ZerohedgeBill Clinton, Stephen Hawking At An Orgy, And Michael Jackson: Here's Who's In Unsealed Epstein Docs So Far"The System Is Not Going To Let Trump Win" - Dems' Real Puppet Isn't Gavin, It's Nikki: Tucker And Vivek"You Asked A Stupid Question": Vivek Destroys WaPo Reporter Who Demanded Woke Purity TestWant more of the news you won't get anywhere else?Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.Big (small) cap painRussell hitting huge levels Russell hitting the 21 day moving average and the trend line that has been in place since October lows. RSI has gone from extremely overbought to the least overbought since mid November. Source: Refinitiv   Small cap fear Russell "fear", RVX, is spiking today again, trading at the highest levels since late October. The gap vs VIX is huge... Source: Refinitiv   Recall Russell mania? Just a gentle reminder of the IWM call mania from around mid December. Source: GS   Fading RSI SPX is down to trend channel lows. The 21 day comes in some 20 points lower. Further fading RSI is not a great sign... Source: Refinitiv   One way CTAs are sensitive to downside risks in equities. Latest 1 month projections via GS. Source: GS   VVIX chilling We have seen volatilities pick up rapidly, but note the VVIX is in a rather "chilled" mode. Source: Refinitiv   The VIX short Dealers are still running relatively big VIX shorts. Nomura's McElligott: "The “perpetual hedging budget” of the VIX Call Buyer is still burning prem and lugging a ton of Feb VIX Upside which has Dealers Short, and still then risking “accelerant flows” on any Vol squeeze catalyst".  Source: Nomura   The dormant bid 1. Approximately 70% of the S&P 500 is currently in a blackout period, and this is expected to increase to approximately 80% by the end of the week. 2. Typically, we observe a decline in flows of around 30-35% during blackout periods. Source: GS   Oil - positive divergence Oil has formed some sort of base around these levels. We are still below the short term negative trend, but note the positive RSI divergence. A close above the negative trend and things could reignite to the upside. Source: Refinitiv   Will they? Upside is the convexity risk in oil for the CTA crowd. Source: GS   See TME's daily newsletter email above. For the 24/7 market intelligence feed and thematic trading emails, sign up for ZH premium here. 21 hours ago at 15:28Hard to get excited: Be boringHard to get excited JPM's positioning intelligence team, who nailed the melt up, summing up the view here: "... it’s hard to be excited about the market in the near-term from a positioning standpoint, given how much has changed in the past ~2 months." Lot of longs Positioning is elevated. Source: JPM   Confident crowd Short interest at rather extreme (low) levels. Source: JPM   Non profitable tech The year has started with big moves lower in stuff like non profitable tech. "Slightly" frustrating for the crowd that started covering a lot of shorts in December, missing the latest puke. Source: GS PB   Be boring Low volatility, SPLV, beating high beta, SPHB, so far this year. Chart 2 shows the SPLV/SPHB ratio. The entire move from mid December has been reverted... Source: Refinitiv   Source: Refinitiv 8 hours ago at 4:39Apple: The "sentimentor" approaching must hold levelsMust hold, or... The world's biggest "sentimentor" has just broken below the 100 day and trading close to the 200 day moving average (second big downgrade, see here). Note the bigger trend line comes in slightly lower. 180 is the "must hold" area. Source: Refinitiv   Can both be right? The Apple vs SPX gap is very wide here. Time for a "pairs" trade, or is Apple trying to tell us something? Source: Refinitiv   Not all vols are calm - Apple edition Bullish or bearish, but you look closely when Apple volatility (VXAPL) moves like it has done recently. Chart showing VXAPL vs VXN. Source: Refinitiv   Apple skew Note that the entire skew structure is trading above the "cone" (10th - 90th percentile range), especially the "up to" 10% lower strikes. Source: Refinitiv   What if The big have become very big. It works great on the way up, but with Apple's latest puke, we ask ourselves if this works the inverse way as well. Tavi Costa: "The aggregate weight of Apple and Microsoft in the S&P 500 index is now larger than 4 sectors combined, and 70x greater than the entire metals and mining industry." Source: Crescat 3 hours ago at 9:41Upgrade to PremiumToday's Top Stories PreviousBill Clinton, Stephen Hawking At An Orgy, And Michael Jackson: Here's Who's In Unsealed Epstein Docs So Far"The System Is Not Going To Let Trump Win" - Dems' Real Puppet Isn't Gavin, It's Nikki: Tucker And Vivek"You Asked A Stupid Question": Vivek Destroys WaPo Reporter Who Demanded Woke Purity TestClinton-Appointed Judge Dismisses Trump Ballot Disqualification Case 'With Prejudice'Why Are So Many Californians Dying?Entry-Level Jobs Pay Six Figures In This Gritty Part Of AmericaThe FBI-Tainted Whitmer 'Kidnap Plot' You've Heard Next To Nothing AboutUkraine's Leopard 2 Tanks Are Nearly All Destroyed Or BrokenBiden Admin Says US, Israel Not Behind Iran Blast As Death Toll Surpasses 100"Switched Off": Streaming Service Cancellations Rise As 'Streamflation' Bites Next Contact Information+Assistance and Requests: Click hereTips: [email protected]: [email protected]: [email protected]: Click hereAbuse/Complaints: [email protected] Reading+Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" GuideIt would be very wise of you to study our privacy policy and our (non)policy on conflicts / full disclosure.Here's our Cookie Policy.  How to report offensive commentsNotice on Racial Discrimination. Discrimination NoticePrivacy PolicyDisclosureDisclaimerAdvertise with ZeroHedgeCopyright ©2009-2024 ZeroHedge.com/ABC Media, LTD

“I Was Absolutely Shocked At What I Read,” Congressman Calls For Release Of Secret 9/11 Documents