- Glen Goodman made £100,000 shorting markets in 2008.
- On Tuesday, he told Insider he’d just bought put options on the S&P 500.
- He said there is a “fair chance” the index drops 25% “at some point soon.”
Early that year he had a feeling stocks were going to drop in a big way as the financial crisis began to unfold and the housing market collapse in the US continued to hurt its economy.
So he put £3,000, then later another £2,000, into spread bets against the FTSE 100, the UK’s blue-chip stock index. With the economic outlook bleak, he also later bet against the price of oil, according to a contributed story he wrote for the London-based Times newspaper.
When global markets finally crashed,…