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This morning on CNBC Worldwide Exchange, a Wedbush analyst took a blowtorch to Cathy Wood and her Ark Funds. Called them complete garbage and that she had the worst strategy as a portfolio manager, trying to catch falling knives by keep buying in as the tech wrecks kept dropping by 30-40-50% or more.
It was the most brutal attack from one Wall Streeter against another since Carl Icahn went after Bill Ackman over Herbalife.
Basically said she did nothing to protect her clients assets in a tough market and made it worse by an overly risky strategy.
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