Market Participation

13Mar08

So I had dinner with some mutual fund salesguys last night. Of course they described what they do in fancier terms (“help clients… investment objectives… unique risk profile…”). They were exactly like I imagined. Even in this difficult market, their position was to invest and be long at that.
Well, here’s how [...]

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Tags: markets, mutual funds

200 BN What.

11Mar08

And the stock market responds with a 400 point rally. I guess I’ll read something tomorrow that will explain why the markets favored yet another desperation move on the part of the federal government. We shall see. Some clever trader is going to make a killing when this thing runs out of [...]

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Tags: markets