tag:blogger.com,1999:blog-816559531110064247.post7858751675387012669..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: Readings and my reactionsCam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-816559531110064247.post-58719569742754844292010-05-04T23:36:23.580-07:002010-05-04T23:36:23.580-07:00Hey Cam, nice post. Was just going to mention tha...Hey Cam, nice post. Was just going to mention that M/N funds have been hurt as of late most likely because they're very long equities. Given the recent pullback and increase in volatility, this seems to be the source. It's interesting because other fund strategies have been selling equities, reducing net long exposure and even putting out shorts. M/N funds though had increased their net long exposure over the past few weeks based on CFTC data etc. Go through BofA's report and you'll see what I mean: http://www.marketfolly.com/2010/05/macro-hedge-funds-net-short-us-equities.html<br /><br />Keep up the good work as always, I enjoy reading.<br /><br />Jay<br />@marketfollymarket follyhttps://www.blogger.com/profile/07691612544809256786noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-75118300604412123492010-05-04T09:24:52.085-07:002010-05-04T09:24:52.085-07:00I am surprised you even waste your time reading ZH...I am surprised you even waste your time reading ZH =)Autore del bloghttps://www.blogger.com/profile/08536859794554569165noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-699403707522796732010-05-04T05:43:15.782-07:002010-05-04T05:43:15.782-07:00Good observation on the ZH piece.
They are designe...Good observation on the ZH piece.<br />They are designed to tread water for a reason....to protect.<br />At these index levels perhaps Hussman and Andrew Lo's funds will have the last laugh in avoiding the eventual dreaded draw down.<br />Jeff Saut has chimed in on his interest in the VIX as well.keithpiccirillohttps://www.blogger.com/profile/16713240199705068281noreply@blogger.com