http://www.zerohedge.com/article/deep-thoughts-hugh-hendry-eclecticas-latest You do yourself a disservice if you do not read this lengthy, but masterfully insightful piece of commentary. Hat tip, ZH.
Good ole' Hugh appears to speak in more convoluted language the more the markets disagree with his thesis. I had trouble understanding what the hell he was trying to say, but it doesn't seem he changed his tune too much.
That must feel terrible to be down on a year like this , I almost feel depressed because I am not up 40% !