2min chapter

The Compound and Friends cover image

The Year of the Rug Pull

The Compound and Friends

CHAPTER

The Bear Market Rally of the Year

The S&P 500 spent 100 consecutive days below the 200-day moving average, which does not happen very often. Bed Bath and Beyond was up 300% in August but then Ryan Cohen pulled off the rug pole of a century. There's a lot of stocks that debt was trading at 30 to 40 cents, but the equity was still trading at ridiculous values. Why is the R word in every conversation?

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