Holy Moly: Bill Ackman makes $2.6bn in credit market rout with $27 Million investment

Nighthawk said:
The credit protection trades — using derivatives tied to the perceived creditworthiness of corporate borrowers — helped shield Pershing Square’s $6.5bn portfolio from the US stock market’s fastest-ever bear market.
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So, in plain English, Credit Default Swaps (CDS)?
 
Pekelo said:
Yeah if you ignore your wife's STD and your house is on fire and the kid has just killed himself, your life is pretty great.
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The point, you retard, is that the mechanics are the same. And use a condom with my ex wife next time. No one deserves that.
 
Ackman's scum . There's a big article on how he covered his short and then got on TV crying on unless we shut the country down America's finished . He was talking his own book after he covered his short .
 
Making a trade and not being allowed to talk/evangelize some public issues surrounding it is absurd in my opinion. No one should automatically be branded as scum just because they go on CNBC with open, unrealized trading positions, especially if they’re a private trading firm and not a bank or public bank. JMHO.
 
S2007S said:
Sure do.....

And here it is.



27-29 seconds in

Cash is trash. If you listened to him that day you would have lost 30% of your money in only weeks....I find it amusing that no matter what the situation nearly 99% of people on these shows will tell you never ever ever ever ever ever ever have cash sitting somewhere doing absolutely nothing. Always put it to work, well these people telling you this, you know the average investor really dont have millions of dollars or 6 or 7 figure dollar salaries so reacting to such a statement should differ from one individual to another.
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Hes back calling cash is trash!!!!


The Tell
Founder of world’s largest hedge fund doubles down on ‘cash is trash’ argument, warning of debt-fueled inflation
Published: April 8, 2020 at 12:14 p.m. ET





https://www.marketwatch.com/story/f...ebt-fueled-inflation-2020-04-08?mod=home-page
 
Do you ever trade your views or you just like to listen to yourself talking? Never seen a single trade posted by yourself. Can you point me to your trades you have pulled the trigger on?

S2007S said:
I'm finding this "bargains of a lifetime" and the biggest buying opportunity ever just hilarious, reason is because just a month ago at historical market highs all I heard was that was the best buying opportunity and that "fear of missing out" was going have every investor buying the continous highs in the market day after day after day. Now all of the sudden the market collapses and the globe is in a full blown crisis and now all of the sudden everything is a buying opportunity....its extremely amusing how wallstreet psychology works.
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