I was just readying a post on here where an ET trader concluded that because John Paulson and most big name hedge funds are down for the year they "dont care about returns" and are not even average investors. Well, I would just like to post this in defense of them. Its one thing to exit out of 100 share microsoft or netflix trade when you see the market down 3-4% a day like back in August. But when you are like Paulson and have 117 million shares of Bank of America and over 30 million shares of Citigroup, it is kind of hard to just "exit". Of course the argument could be made well he shouldnt have been so heavily invested in those stocks, well that might be true but the fact is with over 30 billion in assets in Paulson and Co. its kind of hard to find decent investments to plow money too. Its even harder to try and exit the market in early august and then try to REenter at the end of september. With 30 billion your choices are very limited. He will bounce back...if I was his investor I would not be concerned.