U.S. flags hang at the New York Stock Exchange in Manhattan. Photo: Reuters, Andrew Kelly
U.S. flags hang at the New York Stock Exchange in Manhattan. Photo: Reuters, Andrew Kelly
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‘Nothing’ is already a crowded trade

Even Leon Cooperman is on board the nothing train

April 11, 2017 3:29 AM (UTC+8)

Omega Advisors’ Leon Cooperman told CNBC that he’s selling straddles on the S&P 500, in the expectation that it will do nothing for the immediate future.

If Cooperman is already in the Nothing trade, then Nothing has become a crowded trade. That hasn’t happened since Martin Heidegger wrote Being and Time in 1927.

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