Ep. 171: 10% Correction Coming Soon

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 20 February 2013

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stephanie Link, portfolio manager at The Street and regular on CNBC's Fast Money, shares at least 10 of her favorite ideas - including one controversial tech stock that has a massive short position. Stephanie and Frank debate if stocks will wait until summer to have their annual 10%-plus correction.

Transcript

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0:00.0	S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media
0:07.0	to bring you unscripted interviews and breaking commentary direct from Wall Street,
0:11.5	right to you on Main Street.
0:15.0	How's it going out there? It's Wednesday, February 20th, and I'm Frank Curzio, host of the
0:19.7	S&A Investor Podcast, where I break down the headlines and tell you what's really moving these markets.
0:27.0	I'm going to start off with another rant.
0:32.0	You know, when did hedge Fund managers become such divis?
0:35.0	I don't remember the days when Hedge Fund industry was secretive.
0:40.0	You ever knew what these Hedge Fund managers look like yet to Google them
0:44.9	Never went on see and b c. You never knew what they own until what the rules change a few years ago. They had to disclose their positions after each quarter.
0:54.0	Today, every hedge fund manager can't get enough press.
0:58.0	I mean, Bill Ackman goes on CMBC regularly now.
1:01.0	It's on Squawk Box a few months ago giving away J.C. Penny pins with special
1:06.9	promotional codes on them. Then he went on CMC saying, Urban Life is a Ponzi scheme.
1:13.0	Terrible.
1:14.0	I'm going to donate everything.
1:15.0	All the money I made going to donate it.
1:18.0	Of course, he already took a massive short position of the stock before his appearance.
1:23.0	They have Dan Loeb got involved buying shares of her life,
1:27.0	disclosing I believe it was before 13F was released.
1:30.0	You have a Carl icon, known for being a prick that just about anyone excuse my language
1:36.1	That goes on see me as he just to fight publicly with Ackman right goes on see me as he calls just to fight with acman great
	...

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