Here is what we said in our latest comment on hedge fund positioning from this weekend.
“As Goldman adds: “Short holdings created problems by rising 130 bp more than S&P 500 YTD.” Gee, where have we seen this before, not to mention predicted this would happen? Why here: “Presenting The Best Trading Strategy Over The Past Year: Why Buying The Most Hated Names Continues To Generate “Alpha.”
Thank you Chairman Bernanke and Chairmanwoman Yellen, not to mention HFT vacuum tubes, for making the market so broken, a tinfoil blog can outperform the smartest money in the street.”
What else can we add but…. “alpha”.
via Zero Hedge http://ift.tt/1lQCUbP Tyler Durden