{"id":10734,"date":"2011-12-20T09:03:59","date_gmt":"2011-12-20T14:03:59","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=10734"},"modified":"2011-12-20T09:18:47","modified_gmt":"2011-12-20T14:18:47","slug":"mullling-shorts-and-hedge-funds","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=10734","title":{"rendered":"Mullling shorts and hedge funds."},"content":{"rendered":"<p style=\"text-align: left;\">EDHEC-RISK Institute sent me this chart this morning. I have no idea who they are. They purport to research hedge fund performance. They report pretty miserable performance.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/HedgeFundReturns.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10733\" title=\"HedgeFundReturns\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/HedgeFundReturns.jpg\" alt=\"\" width=\"650\" height=\"324\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/HedgeFundReturns.jpg 650w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/HedgeFundReturns-300x149.jpg 300w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">For most fund categories you would have been better off in muni bonds.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/MuniBonds.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10744\" title=\"MuniBonds\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/MuniBonds.jpg\" alt=\"\" width=\"610\" height=\"458\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/MuniBonds.jpg 610w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/MuniBonds-300x225.jpg 300w\" sizes=\"auto, (max-width: 610px) 100vw, 610px\" \/><\/a><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>You can get really sick on planes. <\/strong><span style=\"color: #000000;\">Some basic precautions, according to today&#8217;s Wall Street Journal:<\/span><strong><br \/>\n<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><strong>+ Hydrate. <\/strong>Drinking water and keeping nasal passages moist with a saline spray can reduce your risk of infection.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><strong>+ Clean your hands frequently with an alcohol-based hand sanitizer.<\/strong> We often infect ourselves, touching mouth, nose or eyes with our own hands that have picked up something.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><strong>+ Use a disinfecting wipe to clean off tray tables before using.<\/strong><\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><strong>+ Avoid seat-back pockets.<\/strong><\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><strong>+ Open your air vent, and aim it so it passes just in front of your face. <\/strong>Filtered airplane air can help direct airborne contagions away from you.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><strong>+ Change seats if you end up near a cougher, sneezer or someone who looks feverish.<\/strong> That may not be possible on very full flights, but worth a try. One sneeze can produce up to 30,000 droplets that can be propelled as far as six feet.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><strong>+ Raise concerns with the crew if air circulation is shut off for an extended period. <\/strong>(The plane&#8217;s filtration system cleans out most bad stuff &#8212; but not if it&#8217;s switched off.)<strong><br \/>\n<\/strong><\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><strong> <\/strong><\/p>\n<p style=\"padding-left: 30px; text-align: left;\"><strong>+ Avoid airline pillows and blankets<\/strong> (if you can find them).<\/p>\n<p style=\"text-align: left;\">You can read the entire article <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052970204058404577108420985863872.html?mod=djemseat_t\" target=\"_blank\"><strong>here.<\/strong><\/a><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Christmas stories &#8211; Part 1<\/strong><\/span><strong>.<\/strong> <strong><br \/>\nThe first day of Christmas: <\/strong><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">George had a habit of giving his wife strange Christmas gifts, she was not surprised when he came one night carrying a tiny, branchless tree. Attached to a lone limb was a shotgun shell.<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">&#8220;All right, George,&#8221; said his wife, truly stumped this time.<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">&#8220;What is it?&#8221;<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">&#8220;Why, honey.&#8221; George smiled, &#8220;it&#8217;s a cartridge in a bare tree.&#8221;<\/p>\n<p style=\"text-align: left;\"><strong>How Jesus got his name.<\/strong><\/p>\n<p style=\"text-align: left; padding-left: 30px;\">Three wise men were visiting the manger, carrying Frankinsense, myrrh, etc..<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">One tripped in the doorway. He screamed, &#8220;Jesus Christ!&#8221;<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">Mary looked up. &#8220;My God, what a lovely name. We were going to call him Moishe Finkelstein.&#8221;<\/p>\n<div style=\"text-align: left;\"><strong><a href=\"..\/wp-content\/uploads\/2010\/08\/HarryNewtonNewShot2.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"HarryNewtonNewShot\" src=\"..\/wp-content\/uploads\/2010\/08\/HarryNewtonNewShot2.jpg\" alt=\"\" width=\"125\" height=\"180\" \/><\/a><br \/>\n<\/strong><\/div>\n<p style=\"text-align: left;\">Harry Newton truly believes that when God closes a door, he opens a window. Stunning things happen when lose out on buying the house you always wanted. Another, better one appears within hours. Ditto for investments. Don&#8217;t feel bad that did you didn&#8217;t short Sony.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/SONYYTD.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10738\" title=\"SONYYTD\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/SONYYTD.jpg\" alt=\"\" width=\"639\" height=\"253\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/SONYYTD.jpg 639w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/SONYYTD-300x118.jpg 300w\" sizes=\"auto, (max-width: 639px) 100vw, 639px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Neither did I. But I watched Howard Stringer, Sony chairman and CEO, on CNBC this morning. His new products were boring and very pricey. He was singularly unimpressive.\u00a0 He&#8217;s no Steve Jobs.<\/p>\n<p style=\"text-align: left;\">But I did short RIMM and DELL (as I mentioned on the column) and they&#8217;re doing just fine, i.e. going happily down.<\/p>\n<p style=\"text-align: left;\">I didn&#8217;t short the banks like Citigroup. But I don&#8217;t think it&#8217;s too late to short Citigroup:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/CitigroupYTD.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10739\" title=\"CitigroupYTD\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/CitigroupYTD.jpg\" alt=\"\" width=\"649\" height=\"286\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/CitigroupYTD.jpg 649w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/CitigroupYTD-300x132.jpg 300w\" sizes=\"auto, (max-width: 649px) 100vw, 649px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">BAC (Bank of America) has dropped to under $5. I bet it could also drop another point or two, though not today.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/BACYTD.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10740\" title=\"BACYTD\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/BACYTD.jpg\" alt=\"\" width=\"647\" height=\"289\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/BACYTD.jpg 647w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/12\/BACYTD-300x134.jpg 300w\" sizes=\"auto, (max-width: 647px) 100vw, 647px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Funny: AT&amp;T&#8217;s motto is <strong>Rethink Possible. <\/strong>I think they mean Rethink the Possible. Pity about the $4 billion they just blew. Dumb. Dumb.<\/p>\n<p style=\"text-align: left;\">Annaly Capital Management (NLY) Lowered its quarterly dividend 5% to $0.57. But it still leaves the stock with a 13.9% Yield at present prices. I&#8217;m not excessively worried.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">\n","protected":false},"excerpt":{"rendered":"<p>EDHEC-RISK Institute sent me this chart this morning. I have no idea who they are. They purport to research hedge fund performance. They report pretty miserable performance. For most fund categories you would have been better off in muni bonds. You can get really sick on planes. Some basic precautions, according to today&#8217;s Wall Street [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10734","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/10734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10734"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/10734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}