No one is bigger than the market. No one. I learned that lesson early in my trading career. One day, a huge trader decided to retire. He covered his positions and was gone. There wasn’t a ripple in the market. The only difference was there was an open spot in the pit to fight for.
The London Whale isn’t any different. Sure, because of the capital behind him, he could move markets and hold them there for a short time. But at the end of the day, the market always wins.
The pundits are going to have a field...










Landing the London Whale