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The market's biggest investors are 'paranoid' that being long US tech stocks is now the 'most crowded trade of all time,' BofA says

3 days ago   |   By

Trader Peter Tuchman works on the floor of the New York Stock Exchange Monday, March 16, 2020.
Associated Press
According to a fund manager survey conduced by Bank of America, investors are "paranoid" that long US tech stocks is the "most crowded trade of all time," citing 80% of survey respondents. Amid high tech concentration in popular stock market indexes like the Nasdaq 100 and the S&P 500, the second most popular response to tail-risks for the market is "tech bubble." Still, a majority of investors say "It's a bull market," the survey said. Here are additional insights from the Bank...
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Meet Steve Cohen, the controversial hedge-fund billionaire who just agreed to buy the New York Mets and owns mansions in some of America's swankiest ZIP codes

3 days ago   |   By

Steven Cohen, the new owner of the New York Mets.
Lucy Nicholson/REUTERS; Samantha Lee/Business Insider
Billionaire hedge-fund manager Steve Cohen signed an agreement to buy the New York Mets, pending approval from other Major League Baseball team owners.
Cohen was banned from investing between 2016 and 2019 following a lawsuit with the SEC, Bloomberg reported.
Cohen has a large portfolio of luxury real estate that spans from the Hamptons to Connecticut to Los Angeles.
He has a net worth of $10.1 billion, according to the Bloomberg Billionaires Index .
Visit Business Insider's homepage for...
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