Pretty large amount of money behind that bet, 68 billion. Those fellas know something you and I don't know. Posted some time bag we'd see a 10,000 DOW. Post got pulled. We'll see.
“Posted some time bag we’d see a 10,000 DOW.”
Hope you didn’t put any money on that. There are several well-known hedge funds that are now on the brink of dissolving because of big shorts placed at the beginning of the pandemic. I’ve enjoyed watching their money bid up the prices of my equity holdings. And, in case you’re wondering, I’m a “buy and hold” guy. I don’t think anyone (even the so-called “big-money pros”) can systematically time the market. There is decades of evidence supporting my view.