We had some self-satisfied fund manager proudly proclaiming on Bloomberg that they had converted their position to cash before the "crash".
Since then the market has moved up by 5% and is still going up.
...so in effect they've lost their investors at least 5% by being clever and timing the market.
The little-used NYSE rule that can tame a wild market
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rainbow
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Re: The little-used NYSE rule that can tame a wild market
I call bullshit - Alfred E Einstein
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