is Cathie Wood’s fund in trouble?

SunTrader · May 9, 2022

Does that make Matthew Tuttle SARK founder a double genius?

Hehe

nitrene · May 9, 2022

Amazing ARKK is down 21.5% in the last 3 trading days. The QQQ is down 9.7% in the same time. I wonder how difficult is to short TARK (2X ARKK).

newwurldmn · May 9, 2022

Millionaire said:
Her fund is highly speculative. Investors should expect 80%+ drawdowns in a fund like hers.

The thing that gets her all the hate is that she is always pumping her fund hard, even through drawdowns and always talking about the upside side of things, never mentioning the fact that huge drawdowns should be expected in a fund like hers. Of course that is probably in the small print because it is legally required, so her ass is covered.

what do you expect her to do? she’s running a business. Does coke ever say “Pepsi tastes better”

The_Krakenite · May 9, 2022

Arkk (and most nasdaq) is up in after-hours trading. Gold futures are down, looks like the market is debating that it may have over-reacted today.

Millionaire · May 9, 2022

newwurldmn said:
what do you expect her to do? she’s running a business. Does coke ever say “Pepsi tastes better”

Reality distortion fields can work in business. Steve Jobs and Elon Musk were/are good at that kind of thing. But it doesn't work in the markets for long, only while the bubble lasts.

newwurldmn · May 10, 2022

Millionaire said:
Reality distortion fields can work in business. Steve Jobs and Elon Musk were/are good at that kind of thing. But it doesn't work in the markets for long, only while the bubble lasts.

her returns will be her beta.
Perhaps investors will get tired but she has to keep pumping the beta.

The_Krakenite · May 10, 2022

Well, she's still green for the morning...

kmgilroy89 · May 10, 2022

While I was disappointed she didn't own UPST, she made up for it by having U in her top 10 holdings today. Can't own them all I guess.

Millionaire · May 10, 2022

ARKK currently at 76% drawdown level from Feb 2021 all time highs.

But how low will she go?

80% down would be $32 and a retest of her 2020 lows

85%, would be $24

90%, would be $16

Could she go as low as $8, a 95% drawdown???

newwurldmn · May 10, 2022

Millionaire said:
ARKK currently at 76% drawdown level from Feb 2021 all time highs.

But how low will she go?

80% down would be $32 and a retest of her 2020 lows

85%, would be $24

90%, would be $16

Could she go as low as $8, a 95% drawdown???

Sure. She can’t sell anyway as that would violate her stated style.