Cathie Wood Begins Shorting Ark Innovation

Cathie Wood Begins Shorting Ark Innovation
Image source: CNBC Video Screenshot

In an unprecedented move, legendary stock picker Cathie Wood, stated she has began to short her own ETF, Ark Innovation.

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Q4 2021 hedge fund letters, conferences and more

This Fund Focused On The Financial Industry Did Well In 2021

investThe Arbiter Global Financials Fund returned an estimated 26%, compared to its benchmark, the MSCI ACWI Financials Index, which returned 25.1%. In their year-end letter, which was obtained by ValueWalk, Matthew Hankin and Ross Levin of Arbiter said they believe their portfolio is well-positioned in the current environment. Q4 2021 hedge fund letters, conferences and Read More

Disclaimer: This is a satirical article.

“To hedge my tech bets, I have initiated a large short against my own ETF. The risk/reward is quiet attractive here and I will continue to accumulate additional shorts. My price target is negative $4,000.”

Long time bear, Mark Spiegel was seen celebrating this victory by wiping poo and pee over his naked body while screaming into the void about Elon Musk being a fraud.

This post first appeared on The Stonk Market

Disclaimer: This is a satirical article.

Updated on Jan 27, 2022, 3:41 pm

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