03 December 2009
Reversals Happen to Nice People
Afraid I was busy parsing my French at lunch and a data base of money managers this afternoon. Consequently I haven't had time to figure exactly why they crushed financials to the exclusion of most everything else. Which they did. Risky bets this morning were rewarded with tears. In the next post we'll look at the performance of 3000 money mgrs and hedgies. Paulson was dancing this AM but he's sitting down now after BAC came back in hard.