Hedge fund Elliott says stocks could fall 50pc

[lovethetrade]

Boston | Billionaire Paul Singer’s Elliott Management said global stocks could tumble further, ultimately losing half or more of their value from February's high, as the world braces for the deepest recession since the 1930s-era Great Depression.

The New York-based hedge fund firm, in a letter to clients on Wednesday seen by Reuters, wrote that the sharp market decline seen between late February and late March "provided a heavy bookend to a dozen years of basically nonstop positive returns in global stocks, bonds and real estate."

And the rout is likely not yet over.

https://www.afr.com/markets/equity-...t-says-stocks-could-fall-50pc-20200417-p54kmh

 

[Pekelo]

Let me check the futures, yeap, up 800 points.

I could win the lottery. I could die tomorrow. Lots of thing could happen.

 

[southall]

I could win the lottery

If only winning the lottery jackpot had the same odds of a 50% stock crash.

We would all be millionaires.

 

[southall]

Let me check the futures, yeap, up 800 points.

They say there was a big rally on the Moscow stock exchange the day the Bolsheviks stormed in and shot everyone.

 

[Nighthawk]

And the rout is likely not yet over.

https://www.afr.com/markets/equity-...t-says-stocks-could-fall-50pc-20200417-p54kmh

Paul should simply STFU and buy his vulture crap....!

 

[southall]

Can we stop creating threads just because hedge fund said something. At this point with the track record hedge fund is basically synonymous with moron.

I bet you wouldnt of posted that if he was Bullish instead.

 

[1957may10]

One source is saying the worse is over other source is saying it may come much worse.
Why they would talk to each other and find something in common.
Something in common btw is they have no clue what is going on.

 

[southall]

Something in common btw is they have no clue what is going on.

No they did a good job of what they wanted to do, which is keeping the cases low enough so as not to not overwhelm the hospitals.

Whether that was a good idea or not, or was worth the cost. I dont know. But the plan worked.

 

[1957may10]

I was talking about market predictions, however it make sense for covid19 as well.

 

[murray t turtle]

Can we stop creating threads just because hedge fund said something. At this point with the track record hedge fund is basically synonymous with moron.

%%
LOL Most cant even beat the S&P 500/SPY. and SPY has micro manage fee+ dividend + long term track record...…………………………………………………………………………………………….
DAL had dropped >> more than 50%; good thing for the bulls, most companies are run better than DAL.