Someone educate me here. Is anyone getting rich off of the recent market crash, or did everyone lose?
Well I bought a ton of stocks cheap…gonna watch the rally again today, then cash out. Thats the current plan, of course everything can change.
Im only 24 and got a nice 401k going…so Im buying everything cheap and well Ill be rich in time for retirement.
There were plenty of people shorting stocks that probably did quite well.
Not me but there are definitely some people making a killing, always is.
As volatile as the market has been if you got out at highs and in at lows you could make big money. OTOH you probably have to be pretty good and pretty much make that your job to make that happen.
~Matt
Sure didn’t get rich, but the cost basis for recent investments is way down so I expect to see some real appreciation as the market cycles back.
In order to buy low and sell high, you’ve gotta buy low in the first place.
I’m just wondering if this was the good ol’ pump and dump.
Its scary how much the current situation reminds me of the crash in the late 20s.
Nassim Taleb, at least two large hedge fund owners were in the papers for shorting the shit out of it and making a killing before Xmas. I’m sure there are more.
What’s wrong with getting rich?
John Paulson did pretty well shorting Lloyds, HBOS & MBS.
George Soros maybe.
Nassim Taleb, at least two large hedge fund owners were in the papers for shorting the shit out of it and making a killing before Xmas. I’m sure there are more.
From that post how could one possible infer what I think about getting rich or not? The question was whether anyone made a killing and NNT and to my knowledge 2 hedge fund owners made killings…there’s no opinion there…