Busy few weeks, out of town again, traveling, time off, working here and there, meanwhile the world and the markets march on. A few of the highlights:
-the dollar has rallied against its major currency foes
-oil has cratered
-SEC is tinkering with the downtick rule and naked short selling
-Freddie Mac and Fannie Mae are having major problems
-Obama picks Biden as running mate
-Biden's son and brother are in the HF industry and currently being sued
-commodity prices continue to decline causing pain where there was once so much joy
-some big names in the HF industry are having very rough first halves of the year
-hurricane season is upon us and forecasts call for an active season with multiple landfalls
-major market indices continue their ever-so-slow upward trend
-big news and events coming out of RCA and RCDEF, LP
Happy Friday.
DJIA 11,628.06
NASDAQ 2,414.71
SP500 1,292.20
Labels: commentary, economy, funds, hedge funds, motivation, nasdaq, oil, politics, SEC, sp500, stocks, trend following, vacation