On this story. According to sec documents in my possession, documents right here, pierson sold 288,000 shares on june 30th for proceeds of 5. 7 million. That was filed and is publicly known. Then on july 1st, and this appears to be new. The motherload. 4. 1 million shares, with proceeds of 82. 8 million. There was another sale known by now some 411 million shares, total proceeds from all this, 96. 8 million. My panel with me, and kate on the case. Boy, interesting. I dont think the market knew or knows about this sale of the 4 million shares. Might explain, scott, why were not seeing a down tick in the stock price right now. Very interesting. I think on the one hand, pierson might be expected to want to liquidate holdings, no longer has skin in the game except as a matter of principle. A company he helped build, of course a darling of many hedge fund investors. Their benefit and litter detriment for some time. Sequoia as well. Popular stock for a period of time. Replaced by joseph popp
A lot of anyway snaysayers. Smart money, right or wrong . Smart money right in terms of weve had an incredible run to the up side, considering where we came from brexit. Rather be in the market an buy cheap protection. Paul briton on, talking about volatility, we bring it up constantly. If you can ride this market, this bull, youve been able to ride probably the last couple of hundred points in the s p because of the fact low volatility has given the opportunity to buy that protection at a cheap level. If you werent doing that, and youre just sticking with these stocks, i do think youre playing with fire. At some point in time were going to see a pullback. Werther that means 5 , 10 , whatever, i dont think you should be in the market if you dont have protection. Josh, it started back in april. Paul singer make as great deal of sense to own gold. Stan druckenmiller, bull market exhausting itself. Get out of the stock market. Icahn, june, false market. Jim grant in july, still bullish to
Quit. Opinion polls wobble back and forth. Right now it looks like a dead heat with both sides commanding about 44 of the probable vote but 12 remained undecided and in those undecided hands lie the future of an organization that dates to 1957. Britain joined in the 70s, an organization that has never had a member pull out. Investors around the globe have tip toed around the vote. U. S. Stocks had modest moves lower and the dow jones finished at 17,781 and nasdaq dropped ten. Since no nation has ever left the ue before no one knows what the Economic Impacts could be if britain pulls out but what is certain economies around the globe could feel some dislocation. Thats a fact not lost on fed chair janet yellen who has weighed in. What might the votes impact be on the u. S. Economy and markets. We learn more from london tonight. Reporter voting begins tomorrow in what british leaders are calling a once in a generation vote. The results will be felt outside the uk including on the u. S. Ec
Quit. Opinion polls wobble back and forth. Right now it looks like a dead heat with both sides commanding about 44 of the probable vote but 12 remained undecided and in those undecided hands lie the future of an organization that dates to 1957. Britain joined in the 70s, an organization that has never had a member pull out. Investors around the globe have tip toed around the vote. U. S. Stocks had modest moves lower and the dow jones finished at 17,781 and nasdaq dropped ten. Since no nation has ever left the ue before no one knows what the Economic Impacts could be if britain pulls out but what is certain economies around the globe could feel some dislocation. Thats a fact not lost on fed chair janet yellen who has weighed in. What might the votes impact be on the u. S. Economy and markets. We learn more from london tonight. Reporter voting begins tomorrow in what british leaders are calling a once in a generation vote. The results will be felt outside the uk including on the u. S. Ec
Quit. Opinion polls wobble back and forth. Right now it looks like a dead heat with both sides commanding about 44 of the probable vote but 12 remained undecided and in those undecided hands lie the future of an organization that dates to 1957. Britain joined in the 70s, an organization that has never had a member pull out. Investors around the globe have tip toed around the vote. U. S. Stocks had modest moves lower and the dow jones finished at 17,781 and nasdaq dropped ten. Since no nation has ever left the ue before no one knows what the Economic Impacts could be if britain pulls out but what is certain economies around the globe could feel some dislocation. Thats a fact not lost on fed chair janet yellen who has weighed in. What might the votes impact be on the u. S. Economy and markets. We learn more from london tonight. Reporter voting begins tomorrow in what british leaders are calling a once in a generation vote. The results will be felt outside the uk including on the u. S. Ec