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Exodus: Retail Investors Run Screaming To Cash As Hedge Fund Exposure Plunges To 2017 Lows
I spent what might very fairly be described as an inordinate amount of time in these pages writing breathlessly about hedge fund de-netting and de-grossing in October, as the bottom fell out for market darlings and various consensus longs.
When it comes to assigning blame for October, you can probably point to the rather noxious combination of Jerome Powell's "long way from neutral" remark, Donald Trump's "greatest tariffs" and midterm election jitters as the proximate cause.
But when it comes
Props for posting on Turkey Day. Wondering if desperate attempts to preserve whatever YTD gains remain prior to year end are driving some of the recent volatility. The trophy WAGs simply won’t understand no baubles at bonus time. It’s a hormonal thing.
Hey, man, Uber, Lyft, and maybe AirBnB are going to I.P.O. soon and these Google, Amazon, and BitCoin dips aren’t going to buy themselves.
11.5% cash? Ha, ha. That ain’t gonna save you when the exits are, shall we say, inoperable.