Posted on 03/26/2020 8:44:59 AM PDT by C19fan
American hedge fund boss Bill Ackman has made $2.6 billion by betting against the markets just days after stoking fears by saying 'hell is coming' and begging President Donald Trump to shut down the country amid the coronavirus pandemic. The Pershing Square Capital Management hedge fund manager said his firm had made $2.6billion from a one-off bet that the coronavirus outbreak would cause a global market crash. His firm seized upon bond market turmoil during the coronavirus crisis in buying 'credit protection on various global investment grade and high-yield credit indices'.
(Excerpt) Read more at dailymail.co.uk ...
String him up.
Anybody got any string?
Hugh Hewitt said he sold ALL his Amazon stock amidst his call for PANIC!
Imagine that - a Wall Street trader talking up his own book.
He made the trade DAYS AFTER publicly warning everyone.
I don’t see the fault here.
Well, at least this clown will never run for president!
Can’t blame him for breaking any laws. This sort of rumor spreading by shorts has been going on for many, many years.
He made the trade DAYS AFTER publicly warning everyone.
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Was he really warning or was he planting the seeds of fear (i.e., encouraging selling to benefit himself)? Its one of the oldest tricks in the book and it still works.
He had plenty of help right here from the Chicken Freepers.
These hedge fund guys are no more than snake oil salesmen. Hope they all catch the Wuhan Virus and die!!
If this country and the people have to be shut down for a virus or any other reason, then the stock market must MUST be shut down also. Otherwise this is the kind of stuff that results, destroying the future savings and retirement of the hard-working people out here. this is a catastrophe.
This is not the first time this has happened. Hedge funds should be outlawed.
Just desserts would have him dying from the China Virus...
Well normally, you’d make the trade THEN plant the seeds of fear.
It’s not like CV wasn’t going to panic the market whether he said anything or not.
Anyone who follows Wall Street closely knows this guy is a worm.
Then Hewitt is a moron.
(1) Ackman was a unhinged lunatic on air, and was mostly ridiculed by people afterwards.
(2) Amazon is HIRING 100,000 people and is cranking out mega-biz along with Walmart. Both stocks have done great during the crisis.
Are you aware of what he quickly did with the proceeds AFTER his fear mongering and telling everyone that “hell is coming”?
Hint: He bought back into a bunch of companies. I have the list if you care to know.
The SEC needs to investigate this guy.
Before or after the tarring and feathering?
As George Carlin used to say. “it’s one big club an we ain’t in it”.
Why would you do that? What if the planted seeds didn't sprout roots?
It’s not like CV wasn’t going to panic the market whether he said anything or not.
You think the market would have been panicked if a Dem was president?
The media. Use them or lose them. They certainly aren’t good for much else.
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