Yep, today another person told me a friend of theirs....retired and around 72 years of age lost $400,000 in a few days. I said that is a pretty penny but then i said we'll the dude is still worth a few million bucks... But damn, the amount of trillions lost will take quite a good amount of years to come back. Historic highs back to 6100 on the spy is now years away!
You are very confident that we are now in a new longer term secular bear market, there is still a chance this is a short cyclical bear market that gets back to all time highs with 12 months before the next leg up in the bull market that started in 2009, typically short cyclical bear markets last about 9 months or so.
Look; he changed his mind LOL!!! https://nypost.com/2025/04/08/busin...d-his-call-for-90-day-pause-on-trump-tariffs/ Unbelievable
I have never met Bill Ackman, but I have many friends in common, and I have heard the stories. Like him talking shit about Peter Thiel, at a wedding. I know Thiel's crew, so it's real. One of my best friends met with him, and he was like, this is the most arrogant motherfucker ever. He is no superstar...