Olson’s Observations

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With the big hedge fund guys (even those who are down for the year meaning they aren’t trying to preserve their wins to help with their fees) moving a significant amount of their assets to cash equivalents it looks like my post from Monday won’t pan out (these guys aren’t always right but they are smart so their bold moves to cash equivalents are something to watch).  It seems like we may be in for some more losses as today’s drop in the Dow indicates (down to ~8500 or about -8% for the day). We have a tough road ahead but we’ll get through it.  As I said before, the tough market conditions will separate the wheat from the chaff and we’ll end up stronger and smarter as we emerge from this downturn.

Written by Eric Olson

October 15th, 2008 at 5:47 pm

Posted in Investing

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