Volatility here, volatility there, but no profits anywhere…
The extended volatility in the markets has caused hedge fundmanagers around the globe to post losses, to buy treasuries and, in some cases, to put out the “gone fishing” sign. It would appear that many of these so-called “Wizards of Wall Street” just can’t figure out how to make money when the markets are moving so quickly. What I think it means is that the market is telling us who is a manager and who is just a marketer. The lesson from these bad numbers is that many who say they know how to make money in both good markets and bad don’t really have a clue what do when […]
Capitalism 1 – The President and Congress O
The recent news that the so-called Financial Reform Bill is out of committee and ready for a vote once the replacement for late Senator Robert Byrd is sworn in – has allowed Wall Street, Hedge Fund Managers and Capitalist everywhere to breathe a massive sigh of relief. For those of you who have been living under a rock or maybe wrapped up in the dozen or so other massive issues facing the country and the world and have not been paying attention to President Obama and Congress’ work to rid the world of the free markets and capitalism, well enough said. The bill is the result of their collective work […]