There have been quite a few winners and losers in the immediate aftermath of the 2011 crash (does this move have a name yet?), and one of the biggest losers has been discretionary trader Dighton Capital. We posted their ‘defense’ of their position two weeks ago, but things went terribly wrong since then, with a […]
Category: Managed Futures
12
Aug
2011
11
Aug
2011
Blood in the Streets- Part III
After a face ripping rally Tuesday, stocks tanked once more yesterday, with the Nasdaq closing down 4.09%, S&P 500 down 4.42%, and Dow Jones down 4.62% – erasing the rally’s gains, and then some. As stocks go up once more today, the roller coaster continues, with no end in sight. In the midst of the […]
11
Aug
2011
Guest Post: An Outside View from Dean Hoffman
One of the top performing CTAs that we follow during this crisis period has been Hoffman Asset Management, a traditional type of managed futures program with a long volatility, trend following profile. He was out with a letter to clients yesterday, and had an interesting view of the volatility spike as a technical breakout from […]
11
Aug
2011
Can I get a warrant with that assertion?
“The constant assertion of belief is an indication of fear.” – Jiddu Krishnamurti, 20th Century Indian Philosopher When traditional investments seem indefensible (like recently), traditional advisors lash out by the asset classes they feel threatened by. Unfortunately, sometimes that looks like a blind-folded child trying to crack open a metal pinata with a roll of […]
10
Aug
2011
The Bittersweet Taste of FCI
What to do with FCI? The on again, off again love affair with the diversified option seller has pushed back into off again territory over the last week, as the sharp moves in Crude Oil, Bonds, and Gold have pushed the popular OSS program down approximately -45% from its recent highs and CPP -18%. While […]
09
Aug
2011
Blood in the Streets- Part II
After yesterday’s bloodbath in stocks, energies, commodity currencies, and resulting rallies in bonds, the swiss franc, and gold – here is a peek at how several of the managed futures programs we follow have performed thus far in August through yesterday (these are estimates only, and may not reflect all trades done to offset positions, […]
09
Aug
2011
6.5 Thoughts on a -666 Point Dow Down Day
Our newsletter is up for this week, and unless you are one of the lucky few who is cruising the Caribbean, without power, or otherwise disconnected from the world today – you have no doubt heard of the financial fallout following S&P’s downgrade of US Debt and resulting market activity: Dow down -635 pts (-5.55%), […]
08
Aug
2011
They are who we thought they were…
In his infamous rant following a loss to the Chicago Bears in 2006, Dennis Green blasts, “They are who we thought they were!” Well, after the bloodbath in stocks the past few days (capped off by today’s losses of near -6%), we’re ready to say the same about stocks… they are who we thought they […]
08
Aug
2011
The Barbarous Relic Strikes Back
A client called in two weeks ago asking for more detail on how he could hold his account in Gold versus cash and Treasury (see here). We gave him all of the necessary info, but before putting his plan into action – warned that he could be getting in at the top. That was $100/oz […]
05
Aug
2011
Volatility Explodes… Along with Your Portfolio?
With stocks sliding further and further down the rabbit hole despite a short boost from a friendly jobs report, volatility is continuing to expand at a rapid rate. Yesterday, the VIX surged 35% to close at its highest levels this year since the Japan quake in March, and today, it jumped another 22% to 38.55- […]
