bearish
Bear Market Rally or Turning Point?
SUMMARY
- In an interview released last month, legendary investor Stanley Druckenmiller reminded everybody how bear market rallies can be a challenging experience for people comfortably sitting on the short side.
- Due to their fast and furious nature, they seem to be somehow designed to mine the confidence of the short side.
- ‘‘What if I am wrong on the big picture macro thesis?’’ ’’What if I find myself big times under-allocated in equities and we keep rallying?’’
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