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Traders betting against FAANG stocks have made $5.5 billion during the brutal October sell-off

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Investors betting against FAANG stocks have made billions of dollars as tech stock valuations have plunged this month.

 

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Of course, this entire selloff was just a way for some to make more money. There was really no fundamental reasons for it.

Markets are still far overvalued. Logic and facts mean nothing in the market.

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