On Jan. 27 2022 - Bill Ackman bought a $1.1bn stake in NFLX when it was at $359.70, only to sell those entire stake less than three months after (Apr. 21, 2022) when the stock is at $218.22, resulting in about $400M loss. Today, NFLX is trading at $445.27. Buy high, sell low 😂Stockmarket
On Jan. 27 2022 - Bill Ackman bought a $1.1bn stake in NFLX when it was at $359.70, only to sell those entire stake less than three months after (Apr. 21, 2022) when the stock is at $218.22, resulting in about $400M loss. Today, NFLX is trading at $445.27. Buy high, sell low 😂
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...