Billionaire Investor Steve Cohen: ‘After an Earthquake There are Tremors’

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Billionaire Investor Steve Cohen: ‘After an Earthquake There are Tremors’ (Reuters)
BOSTON, March 31 (Reuters) – Billionaire trader Steven A. Cohen is cautioning the staff of his investment firm, Point72 Asset Management, to remain cautious amid markets that have recovered slightly from coronavirus-driven lows. “Markets don’t come back in a straight line; after an earthquake there are tremors,” Cohen wrote to staff on Friday in an internal memo seen by Reuters. “We need to continue to be disciplined. We are seeing plenty of opportunities to generate returns, but I don’t want us taking undue risks.”
 
dealmaker said:
Billionaire Investor Steve Cohen: ‘After an Earthquake There are Tremors’ (Reuters)
BOSTON, March 31 (Reuters) – Billionaire trader Steven A. Cohen is cautioning the staff of his investment firm, Point72 Asset Management, to remain cautious amid markets that have recovered slightly from coronavirus-driven lows. “Markets don’t come back in a straight line; after an earthquake there are tremors,” Cohen wrote to staff on Friday in an internal memo seen by Reuters. “We need to continue to be disciplined. We are seeing plenty of opportunities to generate returns, but I don’t want us taking undue risks.”
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Good points.
I like Jim Cramers charts = S&P 500/SPY= long term UP, medium term Uptrend; expect more vol in short term......………......……………………...……………………………..
 
Spooz Top 2 said:
Stevie C literally made his $Billions off of Insider Info ... Most connected Hedgie on the Street!
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That;
+ volume...…..…………………………………………………………………………………………Come to think of it; seldom do ''markets move in a straight line''
 
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