a lot of people will have to come back and call me daddy... been telling you guys.... infinite liquid cures all asset problems... why is this not fcking obvious.
I didn't waver shit... maybe a couple of times I gave up arguing because the counterparty was too stupid beyond reasoning.
Btw you must love the Ackman story. He goes on CNBC for a half hour, incites panic while the whole time he is short. Once panic settles he goes long. 27 million to 2.1 billion profit.
I think he played it fair. At the time he went short, the forward looking market was rationally short. He became bullish $after$ the stimulus was rolled out. Therefore, the market became rationally bullish. I could be wrong on his timing, but if i am, correct me.
That's not the point. The point is that it is likely Ackman was feeding the news people stories the whole time a la Jim Cramer.
the point went over nobody's head, which is why hotcakes said "i think he played it fair". Everyone understands that to mean he wasn't intentionally fear mongering to bring down the market. I honestly don't remember much action when he was crying on tv.
You don't rant for half an hour about doomsday while short if you're not trying to get an extra few percentage points on it. That they allowed him to do it means he had been pushing this narrative the whole time behind the scenes. They didn't randomly call him up.
Outside of politics we may agree on alot. Yea. The economy was headed for total annihilation. Shut it all down for years. Kill demand. Kill supply. Market trades on expected future earnings. Etc. What earnings are there when any given company has literally closed its doors? As many industries have. Airlines. Hotels. Theme parks. cruise lines. Movie theaters. These industries bring in literally ZERO REVENUE right now. Scary stuff