Nothing to see here….yet…maybe

From New York Post Ray Dalio’s Bridgewater Associates, the world’s largest hedge-fund firm, with $120 billion in assets, has hit a rough patch. After leaving its rivals in the dust for the past two years with mouth-watering double-digit returns, Bridgewater is now trailing them. Its flagship fund, Pure Alpha, fell 2.7 percent in 2012’s first…

Pinched this from the Mentor Program forum – drag the economists around by the nose.

From Bloomberg (note – link doesn’t like Chrome) Apparently US bank firms have toasted their own 401K plans by investing in themselves. For the uninitiated a 401K plan is equivalent to our superannuation plans. PS : Its not really heartbreaking but still bloody funny.  

Looks like an opportunity to me.

Neat little review from the Economist of The Alpha Masters: Unlocking the Genius of the World’s Top Hedge Funds by Maneet Ahuja and The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good To Be True. by Simon Lack. I have already spoken about The Hedge Fund Mirage and found it to be…

Got bounced out of Spain last night. The joy of systems trading is going long when everyone else thinks the world is about to end.

Wall Street relies on “stock analysts.” These are people who do research on companies and then, no matter what they find, even if the company has burned to the ground, enthusiastically recommend that investors buy the stock. They are just a bunch of cockeyed optimists, those stock analysts. When the Titanic was in its death…

I thought I would post two versions of my XJO context file. This is the longer term view – as you can see a very ordinary congesting market that has been range trading for close to a year. This is the context view compressed and I wanted to talk about signals within this chop. The…

Walmart is a uniquely American experience. However, I am certain that not paying enough attention at school would lead to the same life outcomes here. If you have a little bloke not paying attention at school simply show them this as an example of what awaits them in the future.

Be interesting to see how the Yanks feel after their holiday.