by Bill Holter, JS Mineset, SGTreport.com:
I had to chuckle after getting caught up in the ZeroHedge click bait headline A Mystery Investor Just Made A $262 Million Bet That The Stock Market Will Crash By October. First we should look at the article itself and then analyze the stupidity prevailing even among large and supposedly “wise” money managers.
As for the article, it was penned by Michael Snyder who has done some very good work in the past as he did with the leg work for this one. The problem(s) I see are that first, the mystery investor did not make a $262 million bet. This is the maximum amount he might be able to make between now and October.