Get Breaking Alerts on Stocks Before The Mainstream Media

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We guarantee you to keep your privacy
Connect with us
Financial Press
key-words:-‘from-a-traditional-perspective,-the-market-is-fractured-and-possibly-in-the-process-of-breaking-completely,’-says-hedge-fund-titan-einhorn
key-words:-‘from-a-traditional-perspective,-the-market-is-fractured-and-possibly-in-the-process-of-breaking-completely,’-says-hedge-fund-titan-einhorn

Breaking

Key Words: ‘From a traditional perspective, the market is fractured and possibly in the process of breaking completely,’ says hedge-fund titan Einhorn

David Einhorn says that regulators are asleep on the Wall Street beat and that anomalies in the market are increasingly being ignored.

“From a traditional perspective, the market is fractured and possibly in the process of breaking completely,” wrote the head of Greenlight Capital Management in a quarterly letter dated Thursday.

Einhorn said that small investors are getting sucked into buying risky assets, accusing regulators “who are supposed to be protecting investors” of appearing “neither present nor curious.”

People “who would never support defunding the police have supported — and for all intents and purposes have succeeded in — almost completely defanging, if not defunding, the regulators,” the hedge-fund investor wrote.

Einhorn singled out Tesla Inc.
TSLA,
+0.90%

CEO Elon Musk and wealthy investor Chamath Palihapitiya for exacerbating some of the recent turbulence in markets, including Palihapitiya’s remarks about the GameStop Corp.
GME,
-6.06%

short squeeze, which Einhorn said inflamed the retail-fueled trading fracas.

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure 🙂

“Finally, we note that the real jet fuel on the [GameStop] squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation,” Einhorn wrote.

For the most part, he wrote:


‘[Q]uasi-anarchy appears to rule in markets.’

Einhorn’s quarterly letter also revealed lackluster performance by the investment manager, who saw a 0.1% decline in the first three months of the year, even as the benchmark S&P 500
SPX,
+1.11%

notched a gain of around 6% and the Dow Jones Industrial Average
DJIA,
+0.90%

and the Nasdaq Composite Index
COMP,
+1.31%

also recorded solid returns.

Written By

1 Comment

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Breaking

MARKETWATCH FRONT PAGE Elon Musk is a rallying point for dogecoin holders on sites like Reddit, and his coming appearance on ‘SNL’ is a...

Breaking

Call it the “dogefather” versus the godfather of crypto. Barry Silbert, a power player in the digital-asset sector, said he’s betting against dogecoin DOGEUSD,...

Breaking

I have a question about the etiquette and ethics surrounding GoFundMe. I had planned a vacation with a very old and close friend this...

Breaking

Thomas Jepsen, founder of Passion Plans, a company that helps connect home buyers with architects and designers, is among the cohort of employers that...

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address
We are Spam free & Secure :)

Get Breaking Stock Alerts

Email address

Get Breaking Stock Alerts

Stay informed of the biggest news on stocks so you can react before 90% of retail investors.
Email address