Re:Stanley Druckenmiller warns the stock market will be ‘fla...
by deehouie on Friday September 16, 2022 @11:38AM
(#32867593)
This is the best comment in all. HN folks don't understand the purpose of this article. You think Druckenmiller is so bearish? for the next 30 yrs? Not a chance. He must have a huge short position on the S&P500, and he likes you to sell your stocks so he could cover at a lower level.
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Re:Stanley Druckenmiller warns the stock market will be ‘fla...
by fny on Friday September 16, 2022 @12:20PM
(#32868345)
Nah. Druck isn't one of those types. Bill Ackman is.
Druck is just known to change his opinion when the facts change or he comes to a new conclusion. There's some anecdote about him completely flipping on a position when going in and out on an elevator ride that I can't quite remember.
By the way, sideways means that the stock market is going nowhere long or short. IMO, currencies and commodities are a far better place to speculate.
Re:Stanley Druckenmiller warns the stock market will be ‘fla...
by deehouie on Friday September 16, 2022 @03:19PM
(#32870772)
While you may know the guy better, notice this Druck comment comes at a time when the long term buy-and-hold thinking is at its weakest point. A slightly respectable guru saying this sort of things is enough to make some people sell.
Re:Stanley Druckenmiller warns the stock market will be ‘fla...
by fny on Friday September 16, 2022 @07:48PM
(#32873483)
Druck was short the S&P jan-march and covered, he was looking for a second entry if it was given. His position isn't a secret.
Also, forget him saying it. He says a lot of things at a lot of different times. The real people to question are the ones making his headline known. CNBC/MarketWatch/Cramer et all are the biggest shills for banks. If you remember, they were all pushing Dalio's cash is trash line--which he has been saying since about 2018--HARD at the peak.