BRIDGEWATER’S BIG BET AGAINST STOCKS SHOULD PROMPT YOU TO HOLD CASH AND HEDGES $SPY $DJIA $AAPL $AMZN $FB $MSFT $NOW $CRM $WDAY $AMD $MU
A headline that shook the financial world Friday is Bridgewater Associates, the world’s largest hedge fund, betting more than $1 billion that stock markets around the world will fall by March.
Ray Dalio, the head of Bridgewater, said in a response to the Wall Street Journal report that the firm had no such “net” bet, muddying the waters.
Regardless, this is how prudent investors ought to think about the U.S. stock market.
Please click here for an annotated chart of S&P 500 ETF SPY. Similar conclusions can be drawn from the chart of the Dow Jones Industrial Average DJIA.… Please click here or the title below to read more.
November 22, 2019