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Wall Street Prepares To Reap Billions From Another Main Street Wipe Out

Wall Street hedge funds are already lining up to profit from another market crash that will greatly affect retirees and other small individual investors.

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Zerohedge:

Here’s WSJ with more on how Wall Street is preparing to profit from an unwind in Main Street’s ETF and mutual fund portfolios:

Wall Street is preparing for panic on Main Street.

Hedge funds are lining up to profit from potential trouble at some “alternative” mutual funds and bond exchange-traded funds that have boomed in popularity among retirees and other individual investors.

Financial advisers have pushed ordinary investors into those funds in search of higher returns, a strategy that has come into favor as Federal Reserve benchmark interest rates remain near zero. But many on Wall Street worry the junk bonds, bank loans and esoteric investments held by some of those funds will be extremely hard to sell if the market turns, leaving prices pummeled in a rush for the exits.

Concerns about such scenarios have been escalating for some time. Now, investment firms such as Leon Black’s Apollo…

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