19 November 2009

Time to take out the trash i.e. Bernie Madoff

His funds' fraudulent performance totally destroyed Credit Suisse Tremont Market Neutral Index. CS should go back in time and take Bernie out. What you'd probably find is pretty good returns but not this good and a bunch more volatility. Still better than short only. If it was hard for the bears to make big returns last year when will it ever be easy?

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