Citadel buys most of Situational's stock holdings after AI share rout

mapping365

First domino to fall in the bubble pop. Same thing happened in crypto, same thing in 2008. It always starts in some hedge fund being liquidated.

paulpauper

I guess you can say his awareness of his risk situation was poor. There is no way you can sustainably run 300%+ leverage on stocks , unless you eventually cut back, which he had failed too until he was forced out . This is not like leverage on bonds . It was not a matter of if, but when.

ChrisArchitect

Earlier: https://news.ycombinator.com/item?id=49111879