Billionaire Investor Leon Cooperman Blasts the Reddit-Trader Revolution as ‘Baloney’

D

dealmaker

Billionaire Investor Leon Cooperman Blasts the Reddit-Trader Revolution as ‘Baloney’ – and Says Warren, Sanders, and AOC Shouldn’t be Deciding the Market Rules (Business Insider)
Leon Cooperman blasted the idea that the Reddit-trader rebellion was a battle between the wealthy and the poor. “That’s all baloney, this persistent attack of the wealthy,” Cooperman said in a Bloomberg interview on Thursday. “America is a country that became great because people want to aspire to become wealthy.”
 
How true what he said and yet how sad that a peoples' chief motivation and aspiration is wealth, not happiness or freedom. Freedom has not been a motivating factor to enter the US or be in the US for probably more than a century with a few exceptions.

Money, money, money. It shows, it tells.



dealmaker said:
Billionaire Investor Leon Cooperman Blasts the Reddit-Trader Revolution as ‘Baloney’ – and Says Warren, Sanders, and AOC Shouldn’t be Deciding the Market Rules (Business Insider)
Leon Cooperman blasted the idea that the Reddit-trader rebellion was a battle between the wealthy and the poor. “That’s all baloney, this persistent attack of the wealthy,” Cooperman said in a Bloomberg interview on Thursday. “America is a country that became great because people want to aspire to become wealthy.”
More...
 
DiceAreCast said:
How true what he said and yet how sad that a peoples' chief motivation and aspiration is wealth, not happiness or freedom. Freedom has not been a motivating factor to enter the US or be in the US for probably more than a century with a few exceptions.

Money, money, money. It shows, it tells.
More...
You are free to pursue your own kind of happiness. I hope depending on the govt is not the one.
 
Billionaire Investor Leon Cooperman Blasts the Reddit-Trader Revolution as ‘Baloney’

--->

Traders are grateful towards the Reddit-Trader Revolution & hedge fund managers as
they created great trading opportunities

Reddit-Trader Revolution the poor fight against the Wealthy.
Traders don't bother about the battle between them.
Traders just look for trading opportunities.
Traders, Reddit-Trader Revolution, hedge fund managers, and many others
all aspire to become wealthy.


There are millions of things to complain in this world.
When we complain, our minds will be blind to the opportunities.
So stop complaining, and start to look for trading opportunities.



 
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dealmaker said:
Billionaire Investor Leon Cooperman Blasts the Reddit-Trader Revolution as ‘Baloney’ – and Says Warren, Sanders, and AOC Shouldn’t be Deciding the Market Rules (Business Insider)
Leon Cooperman blasted the idea that the Reddit-trader rebellion was a battle between the wealthy and the poor. “That’s all baloney, this persistent attack of the wealthy,” Cooperman said in a Bloomberg interview on Thursday. “America is a country that became great because people want to aspire to become wealthy.”
More...

There has been a lot of changes and developments in this amazing 2020 era. But the development that amazes me the most is the phenomenon of watching young people stuck at home and time to study investing, plus using social media...make utter fools out of the old demented dinosaurs. Watching CNBC now is like watching an old, poorly made comedy. And the genus of going after short hedge funds in groups...omg. Old men still talking about GME when we are sparking every heavily shorted ticker out there...just getting started btw.
And the Fed... Squirming as bitcoin makes them meaningless...lol ...lmfao

By the way..have you ever seen Cooperman's son..good lord!
 
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You greatly underestimate the old guard and elite. That is a big mistake.

Pricechange said:
There has been a lot of changes and developments in this amazing 2020 era. But the development that amazes me the most is the phenomenon of watching young people stuck at home and time to study investing, plus using social media...make utter fools out of the old demented dinosaurs. Watching CNBC now is like watching an old, poorly made comedy. And the genus of going after short hedge funds in groups...omg. Old men still talking about GME when we are sparking every heavily shorted ticker out there...just getting started btw.
And the Fed... Squirming as bitcoin makes them meaningless...lol ...lmfao

By the way..have you ever seen Cooperman's son..good lord!
More...
 
Reddit traders, a few of them made monies by getting out while, the going was good. They were the lucky ones. Most of the other Reddit traders lost most of their monies. There is an article written about it. Another article tells of other hedge funds making lots of monies on GME and AMC. Citadel and Point 72 hedge funds lost $13 billion. Does any fool believe the legions of small traders took $13 billion from two hedge funds? No dummies. Other hedge funds took that $13 billion and shorted GME and AMC after they got out at the top and those stocks dropped 50% right after. The "real" winners are other hedge funds long GME and AMC at the time they pumped up those stocks to create a feeding frenzy. Those hedge funds who were long probably, spent a few million to make sure the suckers kept paying those high prices and continue buying at the top.
 
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