Stock rally is “dash for trash”: hedge manager Bullman
Sunday, August 23, 2009 : PermalinkReuters – Nick Bullman, who told Reuters he has this week placed bets on falling share prices, is concerned that government stimulus packages have not revived bank lending as much as hoped and that conditions remain as tough for companies as they did last year.
"The rally has been a ‘dash for trash’ based on speculation … On Wednesday (I) went short on the Standard and Poor (500) and financials via ETFs (exchange-traded funds)," he said in an interview on Friday.
Tags:
amp, bank lending, bets, bullman, etfs, exchange traded funds, rally, reuters, share prices, speculation, stimulus, trash
