I think Japan could have a monster year in 2009 – they are back to where they were in 1982, and have experienced three down years in a row – a setup that generates large returns of around 20-30% historically.
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Nice forum with Julian Robertson and some of the Tiger Cubs at my alma mater.
Lots of investment picks after the jump.
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New blog added to the blogroll –MarketSci. Any other good blogs I am missing?
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Citadel is getting pounded this year as well.
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It amazes me how fast people have shifted from inflationary fears to deflationary. I imagine it will not be too long before our governments inflate us back to the stratosphere.
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CTAs offer no value over a simple benchmark.
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Stocks have declined by about -45% from their highs. That means it would take 6 years compounding at 10% just to get back to even. (Corrected, thanks SB.)
