I see a need in really bad times to bail out banks, car companies, plane manuf and so on, but to allow hedge funds to lever up up to wazoo, rake in billions in good times and then run to fed crying for bail out is despicable and wrong on every level.
You miscalculated risk, you fail. It should...
Exactly, even our own, very tiny compared to Citadel, fully automated algos require 24/5 monitoring. Granted we built redundancies to get alerted the moment something goes wrong.
Fully automated, does not mean unattended.
On top of it, every call he recently made worked in opposite way. He is a best contrarian indicator currently.
Does not mean we will not have a huge rally at some point in near future.
But the irony is that he does not want to admit that he knows shit.
You mean adults who said yesterday to get 5th mortgage on yet another all in, and then market tanks 3.6% immediately after. Dude just accept the fact that you know shit, learned nothing and your millions (if real) were due to longest bull market.