Re:Hedge fund Melvin sustains 53% loss after Reddit onslaught
by blackrock on Sunday January 31, 2021 @10:42PM
(#25985291)
Your 37% gain on the S&P is fake.
Yes, the gains are real, but not for the reasons that you think.
The true driver behind that 37% gain is the Fed. They’ve been juicing the market for the past 12 years!
The fundamentals, ie Warren Buffet style investing, has not improved. And the moment that the Fed stops with its market manipulation, is when the S&P will fall.
The play is that, when the government gives you free money, then go long. And ride it until the wheels fall off.
Yes, the gains are real, but not for the reasons that you think.
The true driver behind that 37% gain is the Fed. They’ve been juicing the market for the past 12 years!
The fundamentals, ie Warren Buffet style investing, has not improved. And the moment that the Fed stops with its market manipulation, is when the S&P will fall.
The play is that, when the government gives you free money, then go long. And ride it until the wheels fall off.