Dark Knight…dark night..dark knight capital…

Posted on Aug 03, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p68983365835&a=214966864

Or through a glass darkly...when we first heard that Knight Capital had blown $400MM we got it confused with the massacre at the midnight showing of Dark Knight where the massacre occurred.  It was natural for us to think that way, since an ongoing massacre is what has been happening in the hedge fund and trading world.

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