Bill Ackman explains how he pulled off $2.6 billion coronavirus trade - Business Insider

"We've got this massive position … which maybe has the potential to double if credit spreads widen to where they were during the financial crisis," he said on the show.

"But if they don't, and the government takes the right steps, this hedge could be worth zero, and the stock market could go right back up to where it was. So we made the decision to exit." Ackman timed that exit almost perfectly, fully exiting the position on March 23, the day the Federal Reserve announced it would start buying corporate bonds to protect the battered market. Since that day,

I don’t believe it

'We've got this massive position … which maybe has the potential to double if credit spreads widen to where they were during the financial crisis,' he said on the show.

Are we supposed to like this ?

Congratulations BillAckman 🥰💙

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Bill Gates thinks there are 8 to 10 promising coronavirus vaccine candidates - Business InsiderGates touted the possibility of new RNA and DNA vaccines which could 'turn your body into its own vaccine manufacturing unit.' 'as little as 9 months' if you have multi-million mansions and yachts. BillGates and I’m not taking any of them Q
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Bill Gates says that US testing data is 'bogus' because of delays - Business Insider'The United States does not prioritize who gets tested,' he said. 'And the United States does not make sure you get results in 24 hours.' He himself is bogus. Windows update required, might take 2 to 3 days to download Hey bill,
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »