FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid
- Bridgewater Associates LP, a hedge fund founded by billionaire Ray Dalio, has bet more than $1 billion that stock markets around the world will fall by March, the Wall Street Journal reported on Friday, citing people familiar with the matter. The bet, assembled over a span of months and executed by a handful of Wall Street firms, including Goldman Sachs Group Inc (
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WSJ News Exclusive | Bridgewater Bets Big on Market DropBridgewater Associates, the world’s largest hedge fund, has bet more than $1 billion that stock markets around the world will fall by March, said people familiar with the matter. They're probably right, I've never seen so many companies pushing their own credit cards (i.e Target), it sounds like the great depression all over again. Everyone is buying everything on credit. RemindMe_OfThis 4 months This is how hedge funds & big investors often make $$. Public bets, others jump on et voila it happens. Not because of facts. Because lemmings. What do you think EddyElfenbein?
Source: WSJ - 🏆 98. / 63 Read more »