Greenlight’s Einhorn worries about markets, eyes higher oil prices – letter

Hedge fund manager David Einhorn, whose Greenlight Capital gained 27.7% in the first nine months of 2023, said he is "worried about the direction of the market", bracing for higher oil prices and ready to buy beaten-down stocks. Einhorn's views on markets and specific stocks are widely watched for clues about investment trends. "Current extreme levels of geopolitical tension will lead to lower stock prices over a time frame that lasts more than a couple of hours," Einhorn and his team wrote to investors on Wednesday in a letter seen by Reuters.