Black Swan investor warns of a short-term rally before a 1929-style market collapse
The Wall Street Journal reported that hedge fund manager Mark Spitznagel, who bet on dramatic market events, likened the U.S. market to 1929, when equities rose before the Wall Street crash. Spitznagel, founder of Universa Investments and a “Black Swan” investor, forecasts a sharp, short-lived stock market spike followed by a 1929-like fall. He boldly…

