From February 18th to March 13th, a period of less than a month, Cathie D. Wood’s ARKK fund lost one-third of its value. (Keep in mind, this is NOT a leveraged fund!) Since then, it has bounced, erasing a portion of that substantial loss. I would suggest that, while it might bounce some more with the rest of the market, we’re already past the vast majority of whatever recovery Ms. Wood is going to enjoy.
I daresay the same truth holds for the vastly larger Blackstone Group (BX).
