RE:VRX drops $115 Billion in value one yearlong342 wrote: He Company now has a cap of $17 billion. Major hedge funds may collapse? Domino effect to start on all drug companies?
That's called the "Turing Syndrome". That "hedge fund scum" turned CEO for a bit was the catalyst for most of this. Get the public and law makers in the US mad and BOOM, you have the best short of the decade.
The Hedge Funds shorting this market are hoping to shut down all of Canada.
Hope the current government is smarter than the last and get going on the Canadian market reforms!
And this isn't specific to Canada BTW, the US markets are just as bad if not worst. Look at all the toxic derivative stuff on the US markets!