It's been a tough year for the stock market, but investors who are hoping that the worst is over could be in for a surprise, according to hedge fund manager Dan Niles. He believes the S & P 500 will see a Santa Claus rally before hitting a new low in 2023.
Shorting is a strategy where investors bet the price of a stock will fall. Conversely, investors take on long positions with the expectation that the stock will rise in value. Niles said his strategy was: "Be short something that we think is overly expensive, be long something that we think has gone down but has a fundamental reason to change, and then try to have those two things close. And I think that's what you're going to see later this year.
I liked so much when he was a Semi analyst Now, he is wrong every where
Dan's been wrong all year . According to Dan the S&P should be at 3000 by September we are at 4000. Dan's track record is false and you keep bringing this clown out
Dan Niles will also say the opposite tomorrow cause Dan Niles doesn’t know anything
Buy signal
when will you stop bringing this clown to your platform?
2024?