With Long/Short Investing Dead, The Days Of LTCM Strategies Are Back As Market Plants Seeds Of Own Destruction
We have long observed the decline and eventual death of fundamental analysis, courtesy of i) the Fed’s dominance of capital markets, ii) the emergence of HFTs and technicals as key driving forces behind the stock market, and iii) the record implied correlation between all stock asset classes, meaning everything trades as one. Ironically, the result is that reasonable, long/short investment …
Read more on Zero Hedge
Leave a Reply