Is The Bottom Finally In: Bridgewater Puts On $14 Billion Short [zero hedge]
SAP SE ADS (SAP)
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Source: zero hedge
Is The Bottom Finally In: Bridgewater Puts On $14 Billion Short 2020 has been a bizarre year: not only did stocks finally crash after the longest and most artificial "bull market" in history, sending an entire generation of clueless traders who had never seen more than a 10% correction puking into their toilet paper-free bathrooms as the Fed finally ran out of ammo to artificially prop up markets, but the metaphorical demise of Dennis Gartman meant a replacement had to be found for the market's biggest counter-indicator, and how refreshingly surreal is it that the new Gartman turned out to be none other than Ray " Cash is Trash " Dalio. You see, back in late January when stocks were melting up to new record highs every single day, Ray Dalio speaking from the Coronavirus-free billionaire boondoggle of Davos, put on his best momentum extrapolation hat on, and predicted that " cash is trash ." Little did Dalio know that just a few months earlier some Chinaman had bitten off the head of a
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