Man who warned of the coronavirus crisis months ago says ...

[NewsFeeder]

Man who warned of the coronavirus crisis months ago says ‘gut’ tells him ‘a 50% or deeper decline,’ in stock market from the February top likely

The billionaire hedge-fund manager Paul Singer says that America could be facing the deepest recession since the Great Depression.

https://finance.yahoo.com/m/2393d77...622eac22/man-who-warned-of-the.html?.tsrc=rss

 

[Bullitt]

The hedge-fund investor has been preparing for calamity for years. Three years ago he warned the global financial system was in bad shape and investors were facing the possibility of a big market drop and raised a $5 billion rainy-day fund in preparation for what he described as “all hell” to break out.

Another broken clock.

How much money you think he's made since the March bottom? I'd bet less than the S&P 500.