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Gator328

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Re: Bourbon_on_my_cornflakes post# 415536

Tuesday, 05/16/2023 9:31:47 AM

Tuesday, May 16, 2023 9:31:47 AM

Post# of 462984
Everyone is selling everything to prepare for the recession nobody wants to talk about.

Even Buffett sold his entire stake in a semiconductor company despite only owning it for a few months because of various geopolitical and economic concerns.

Fund managers lose their jobs if they don’t lock in profits. Also, there are safer places to park money right now in distressed blue chips on sale for 20-30% off. Not everyone is looking for a risky home run. Particularly not hedge funds that rely on others’ money
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