Discussion in 'Economics' started by ASusilovic, Dec 17, 2009.
GBP Hits 2 Month Low Of $1.6147 After Retail Sales Slump
LOL ! FTSE not even plunging 10 points. Ridiculous.
buy buy buy!
good news= buy
bad news= buy more
Obviously there is some sort of new insanity in the making. "Hedging" seems to be an expression only existing in the world of old school traders.
the current mentality among long only equity managers is:
- I'm underperforming
- every time the market is down with respect to the previous day, I buy on the cheap
long only equity managers are very predicatble, that's why banks and hedgies love them
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