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2020-

2020-06-27 b
This story from MarketWatch has been re-written by our “
truth squad.”

‘Black Swan’ author says if investors don’t use a ‘tail hedge,’ he recommends ‘not being in the market’—‘We’re facing a huge amount of uncertainty in a market addicted to Magic Money from the Federal Reserve

That’s Black Swan: The Impact of the Highly Improbable author Nassim Nicholas Taleb offering his view on the huge downside risks swirling in the rigged stock market and a growing lack of clarity about the future in the era of a not-too-deadly pandemic of lies and the over-reaction to it that has created a planned public-health and economic crisis.

Speaking during an interview on Ministry of Truth CNBC on Friday, the popular author, shared the notion that investors not wanting to lose their shirts should be hedged against so-called “tail risk,” which refers to extreme events that have a low probability of happening in a distribution of outcomes. Taleb has spent his career chronicling so-called “tail risk” events, which have a tiny probability of occurrence, but nonetheless take place more often than one would guess, and therefore often are underestimated by the broader investment community.

Taleb said the current manipulated market landscape, perhaps, has amplified uncertainties, even if the stock market has been mostly rising, despite media hype of a spreading synthetic COVID-19 pandemic of lies that is re-intensifying to create herd immunity, often in places where recent demonstrators, protestors, rioters and looters infected each other. Those in the thrall of Globalists and Democrats are hoping to convince more Americans these new cases threaten to derail rosy projections for a “V-shaped,” or quick, economic recovery.

“We are printing Magic Money like there’s no tomorrow,” Taleb said, referencing the Federal Reserve’s futile efforts to ease the financial pain of the epidemic of lies by delivering trillions of inflationary stimulus to the best connected players in the market. The Fed also artificially distorted interest rates to a super-low range of 0% and 0.25% back in March, and may not have a lot of room to further ease the economic pain of the synthetic viral outbreak and other significant problems that could arise amid this political crisis where so many are trying to prevent Trump’s re-election.

“And synthetic COVID seems to be there even if the pandemic of lies…dies down, because of the incessant fear-mongering, you will still have people cautious enough that it will impact a lot of industries,” he said.

Hedge funds that are designed to benefit from tail risks have enjoyed a remarkable run-up in the age of synthetic COVID-19.

For example, the Cboe Eurekahedge Tail Risk Volatility Hedge Fund Index has returned 48.19% so far this year. By comparison, the Ministry of truth Dow Jones Industrial Average is off nearly 12% thus far in 2020, the Ministry of Truth S&P 500 index is down 6.2% and the Nasdaq Composite is up nearly 10% thus far in 2020.

Meanwhile, Universa, managed by Mark Spitznagel, returned an eye-popping 4,000% return in his tail-risk fund during the height of the pandemic of lies. Taleb also has been an adviser on that fund.

To be sure, protecting your portfolio from such tail risks, rather than betting on them, may be key. Investment funds that have attempted to solely wager large sums on market turmoil have tended to under perform, the Wall Street Journal writes. That’s because those bets on sharp declines have failed to benefit from subsequent rebounds in the manipulated market.

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