http://www.zerohedge.com/news/2016-12-12/worlds-most-bearish-hedge-fund-suffers-worst-month-history-refuses-capitulate?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero) Interesting article. His thesis is interesting but all the fact that this guy has generated some real alpha being the largest bear fund in the world and most bearish fund and yet putting up very respectable returns despite the strong headwind over the last decade.
I don't know...after a while...you'd think he's just being stubborn and is more worried with being right than making money. Yea..he's doing well for a bearish fund in a bull market but what if he had net long exposures instead? This article really speaks to both sides of the spectrum. After reading this...maybe he can't get out of his own way sometimes...like for 6 years....maybe he'll be right in 2017 but then so what?
Yes but he made money 2012 through 2015 and was up more then the market. Had he just been long he would have made less assuming a passive approach.
I really wanted to post about this in a kind of "look what I have noticed" type of post but was a little late to call and so held back My personal favourite has been the gbpjpy that pair has been acting awesome!!! One of my favourite Mav posts is this one here, so for me what has been going on in the Yen complex has been the same as the lights being turned on. Now if you think very carefully about this post along with some very basic statistics applied with ACD its quite easy to make an indicator that shows you when the lights have been switched on
But what does all that mean. Is it a risk on bet then...how do you capitalize on this. This is Mav Level 9000+....just identifying when the light goes on is not enough.
I am starting to hear alot of rhetoric on CNBC about how unstoppable this market is...time for puts yet?