Several Billionaires Think the Stock Market Is Going Crash
From Sam Zell to Soros to Stanley Druckenmiller, and Icahn the thought is the market is going to crash. Soros has leveraged his fund to one of it’s largest positions being short. Currently following time tested rules based on Marty Zwieg and Ned Davis I am long the $QLD and $QQQ. Yesterday was the first distribution day since this new uptrend started last month. The main culprit was Apple’s 4% sell-off in nearly triple usual volume, But most market leaders didn’t lose much ground. I am also long a small basket of leading stocks such as $ACT $ILMN $SLXP and another 20 or so. The idea is I want to be long the strongest stocks in the strongest sectors when the market is in an uptrend. We are above key moving averages currently, however that can change at any time. Build your own trading plan that matches your personality.
Instead of following so called gurus or billionaires who make big bets use simple time tested concepts as in this chart.
Past performance is not indicative of future performance
Educational only- Not meant as any financial advice