That's why hedge funds are being shut down at such a rate, 100% conviction they are correct in their analyses leading to a hugely overleveraged position, it was 100% after all, so why not bet the farm?
hedge funds are closing due to redemptions. investors are losing faith in management and their strategies. surf
That is why every single prognostication is completely worthless, surf. NObody knows where the market will be in a few days.
He made the call before the market opened on 11/4, so, I used the 11/3 close - 9319.83. Now down 19.0% in 13 trading days.