Total AssetsWhen it rises, it's because your cognition and insight are superior to others; when it falls, it's due to excessive greed and an inability to stop losses.
Held up. A profound lesson.
The trigger was the contagion of deleveraging and crash in the Korean stock market spreading to the US stock market.
In essence, it was an irrational drop caused by the margin call triggered on Leopold's $20 billion fund, exposing position 敞口 (exposure). It was precisely sniped by old money, estimated to have used 4x, even 10x leverage, meaning $80 billion to $200 billion in passive selling pressure.
The god of stocks has fallen; there will never be 态势感知 (situational awareness) funds like this again. With such a huge 落差 (gap), one might even suspect he'd go to the rooftop to contemplate suicide. Success due to leverage, failure also due to leverage.
Right now, it's short covering, turning long.
$Nebius(NBIS.US)$SK Hynix(SKHY.US)
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