It really is a cruel thing to discuss “Trader Bill’s” portfolio amidst this crisis, after the misfortune that he endured in 2015. Then again, he’s a guy who bought a $100 million apartment just for fun. All is fair game in love and war and Le Fly loves to make war, all the time.
By the looks of Bill’s portfolio: APD, CP, HHC, MDLZ, PAH, QSR, VRX and ZTS, as well as his HLF short, he might be down 18% for the year.
He reported Pershing’s NAV a week or so ago and it was off by 11.4%. But that was then, when times were good and the losses were midget sized. Now we have bigger losses and Bill’s concentrated portfolio of complete shit is leading the charge for an industry that is having a problem wading through the Federal Reserve induced wealth destruction.
Hopefully this post marks the absolute bottom in stocks, permitting Bill and I to celebrate, in separate venues of course, popping champagne corks into the faces of our prospective employees.
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Who gave this Clown their money?
“David “Tiger” Williams, a respected cyclist and trader, painstakingly guided Ackman, who by then could barely pedal and was letting out primal screams of pain from the cramps in his legs, back to Bridgehampton. “I was in unbelievable pain,” Ackman recalls.”
http://www.vanityfair.com/news/2013/02/bill-ackman-daniel-loeb-bike-ride
Arsehat 3.0
My fav article of all time
http://www.funnyzozo.com/wp-content/uploads/2014/06/01975_039-576×588.jpg
i am up about 39% ytd
So that’s under 40%. Right?
Showtime,
Do you care to share your top positions with the group?
Isn’t it AN ABOMINATION that Showtime is rooting for THE IMMINENT GLOBAL DEPRESSION?
Sitting on my hands.80% cash
Oil is at $27. When does it go below $20? Iran is unleashing oil onto the market trying to destroy America and South African Elon Musk.
QE won’t do anything besides pump up prices making the rich richer. It’s time for a reset.
Was looking at the mkt 1930_ 1953. Does anybody think we might just be getting ready for an all out war?
Depends on what you mean by “all out.” The BOMB still contains that possibility, but a lot of vicious proxy wars have been fought; more are coming. $20 oil is not a recipe for stability.
Only if the weapons are oil and gas and currencies.
How do you feel about $NFLX at these levels?
It was a deal at $97. 😉
So we are finally moving towards that darn SPX 1755ish, which seeing how many stocks did after the SPX past that level was IMHO the market top (well except for FANGS). Bank of Canada did nothing, NOW US BEARS are holding our breath cuz SUPER MARIO and ECB meet tomorrow. YES YES, this sell off says he doesn’t do anything, BUT OMG I WILL BE SO HAPPY AFTER they meet and we are still Red. MY glorious Shanghai Copper Bubble is popping after 7 years of growth, it’s SO Ugly…and yes, SPX 577ish when done. But Central Bankers are still in my way….grrrrrr.
U r so sexy when you r right.
Thank You Razor. ((Razor))
577? haha take another hit off your crack pipe
could be just me, but I think throwing the 577 number out there marked a bottom.
I went long again… was looking at TWTR at 15.60 and so mad I didn’t get calls on that, just TSLA, AMZN, and GOOGL. 🙁
The TWTR reversal! WTF…
Just went long natty gas. Playing the dead cat bounce. Snow storms, biggest loser in the past 6 months. It’s been up/even while oil has tanked. Why not?