Former SAC Trader on What Steve Cohen Bio ‘Black Edge’ Doesn’t Explore
1998-2000 was a rather interesting period in the stock market, thanks to things like the Asian/Latin American currency crises, the collapse of Long Term Capital Management, and “irrational exuberance” in the Nasdaq market, followed immediately by whatever the polar opposite of that is, i.e. the Nasdaq going poof.
It was also a very interesting time to be working four feet from Steven A. Cohen, which is where I sat for two years as a junior trader at his hedge fund, SAC Capital Advisors, in Stamford, Connecticut.