The algos are losing control over the casino.

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Stock Guru Who Made $1 Billion in a Day Says CRASH Is Coming

Universa’s Mark Spitznagel, who has made billions from past crashes, sees last hurrah for stocks before severe reckoning

Talk is cheap when it comes to where stocks are headed, but investors’ ears perk up when Mark Spitznagel speaks.

One reason is that he has made some spectacular scores, including earning $1 billion in a single day, since setting up tail risk hedge fund Universa Investments in 2008. The other is that he steadfastly hasn’t relied on any sort of short-term view to do so.

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