When that hits the tape the downdraft will be swift and decisive. Then all the funds will need to reallocate their equity and bond positions which will cause the high flyers to fall fast. We are at all time highs and yet the signals are only being voiced by a few.
Many judges look for presidence to instruct juries. Many regulating agencies look towards presidence as a basis for their enforcement as part of their investigation. This outcome was a huge win for HLF in that in leads the way for future court actions and also assists regulators on defining the business model in what is it and what it is not.
The Securities and Exchange Commission today announced charges against two individuals for insider trading on a prominent hedge fund manager’s announcement that his hedge fund had formed a negative view of Herbalife Ltd. and taken a $1 billion short position in its securities.