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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (739564)1/31/2021 9:25:25 AM
From: skinowski1 Recommendation

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Maple MAGA

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So, according to Jason Zweig, individual investors are schools of fish, flash mobs, slaves to their reptilian impulses. Not a nice thing to say, but there is a lot of truth in that. The thing is, the “pros” like him are, generally, exactly the same.

I’ll paste below a link to a Commitment of Traders chart. What was it that forced hedge funds to stay long during the late 2018 decline - and to short the 2019 rally that followed? Why did they massively short the huge rally that followed the March 2020 low?

I bet they were playing a follow the leader[ship] game. And lost.

IMO, last week's short squeeze conundrum was the result of incompetence (and conflicted interests) on the part of some pros. They can’t even run a brokerage in a proper and disciplined fashion. It was their responsibility to immediately close short positions as they became illiquid.

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