SAC Capital Going to Cash? ~ market folly

Sunday, October 12, 2008

SAC Capital Going to Cash?

Dealbreaker was recently out saying they've heard Steven Cohen's SAC Capital has gone to cash.

"We have it on very good authority that on Wednesday in Stamford, Steve Cohen told his trading floor, 'You're all idiots. We're going to cash. I'll see you in January.' They are not closing down; just sitting out the bull shit. No follow-up joke. Because it's apparently true."

Take it for what it's worth.

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