A Hedge Fund Manager’s Holiday Card
By Barry Ritholtz - December 23rd, 2008, 9:30AM
This bloody brilliant card is what a hedgie we know is sending out for Christmas:
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"While money doesn't buy love, it puts you in a great bargaining position." —Anonymous
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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December 23rd, 2008 at 10:33 am
Hysterical!
December 23rd, 2008 at 10:48 am
Nice!
I’ll bet a dollar to a donut there was no check in the card, but the fund manager got his Holiday bonus… right?
December 23rd, 2008 at 10:51 am
Very Cool.
December 23rd, 2008 at 11:26 am
Looks more like the housing market to me. The stock market is much lower in 2008 than 2004. Although I like the general idea.
December 23rd, 2008 at 11:44 am
Good point — it should say 1998 – 2008!
December 23rd, 2008 at 12:04 pm
Buy and hold is for suckers and the mantra preached to the masses.
December 23rd, 2008 at 12:24 pm
Best wall st. xmas bonus I ever got: A wonka bar.
Back office ftw…
(but at least it wasn’t quite as bad as the worst birthday present I got..)
December 23rd, 2008 at 5:21 pm
That graph looks like Southern California housing prices.
December 24th, 2008 at 12:25 pm
This was mentioned on Fast Money last night
http://www.cnbc.com/id/15840232?video=975129200&play=1
At the 3:30 mark