Mr. Miller made the call on January 21, 2010; leverage is being pulled across the board from Hedge Funds. The exit doors are crowded, and expect major negative ramifications for hedge funds.
Mr. Miller gave the Hedge Funds a full 24 hour notice that this was coming in the analysis below. Unfortunately, as Mr. Miller details, the exit doors are crowed.This is positive news for the Energy market, as it will remove the excessive speculation and short selling which distorts the financial prices and liquidity of the oil, natural gas, and other energy commodities.
Mr. Miller expects to see major short covering over as credit books are reigned in across the board.
See Mr. Miller's Full Analysis at attached link:
Disclosure: Long Energy Companies