I know. Just saw this Youtube video about him. It's ridiculous!!! I used to think that those "traders" really had some skills; it turns out they just got the market-moving information before anyone else. LOL
%% Could be a bear; 200 dma+ time will tell.Average NOV is +1.7%, S&P 500; but a bear trend can + has gone down 7 times that+NOV uptrend 7 times that 1.7 %[ + 16% ,1973 or 1974] I used Hirsch, Stock Traders Almanac, for data. Midterm average is more than +1.7%. All this data is concerning a bear market; except he got the 1.7% with a bull + bear 53 year /+ average
Sounds like there aren't many Steve Cohen fans here, lol. But here's the interview, fwiw: https://92yondemand.org/legendary-investor-steve-cohen-glenn-fuhrman-investing-philanthropy-art
%% I like when he said as a kid, ''mom was a piano teacher'' + fast froward,selling to upgrade, or buy something-art'' LOL.I may go back to read his top trader /Jack Schwager interview.I did not see a [small caps] bear on NOV 14, which was date of this thread, first post.But looks like his comments maybe frightened GE NOV 13 + NOV 14 buyers LOL I saw price target of $6 on GE, IBD info; but i think GE closes @4.95, or less than $5.00. NOT a prediction.
Will this time he have access to inside information ? If not, then that will show us the real trading result of him .
Hey, gotta' love the guy's chutzpah... ------- Cohen, whose SAC Capital Advisors firm pleaded guilty to securities fraud in 2013, is diving back into the business after an SEC ban on him managing capital for clients was lifted. He says he’s already raised $5 billion for his new fund. In Tuesday’s wide-ranging chat, Cohen also spoke about his billion-dollar art collection, playing poker in high school and watching ticker tape while studying at Wharton, the Financial Times reported. As a funny aside to the conversation, Glenn Fuhrman, the co-founder of MSD Capital who was conducting the interview, joked that Cohen is no Warren Buffett of Berkshire Hathaway Cohen’s response: “And Warren Buffett’s not me.” --------------------------------- I don't know much about that part of the world of trading and investing, but AFAIK, Buffet was never charged, much less plead guilty, to securities fraud. So yeah, "Warren Buffet is not him." I agree with that. But the above is why I think that Optionsseller.com guy is eventually going to be back in the game, bringing on new clients and losing more of their money. All these fraudsters are cut from the same cloth. Warren Buffet said in one of his interviews that he has every tax return he ever filed since he was 12 or 13 YO. How many other people in the world ever even filed a tax return when they were an early teen, much less have tax returns for their whole life on file? (I mean, really, who the hell even thinks of filing tax returns when they are under 18 YO in the US? And at 13 YO?!? Yikes!) I bet Steve Cohen does not, I bet Trump does not, and I bet nobody here does not. But that is why Buffet is Buffet, and why nobody, including Steve Cohen, will ever be a Buffet.