Paranoid Bull

The Short-term Outlook is Dark. The unfortunate reality is that we are going to face tough economic times in the short term. Furthermore, certain “structural” factors in the credit markets have led me to believe that the market prices of assets (including most stocks) have more downside risk than upside potential in the short term. [...]

The Reality: We are facing real challenges. I really hate to admit it, but I think there is more bad news on the horizon. The news coming out of the hedge fund industry is really troubling, and the issue with this industry’s challenges (like that of the banking industry) is that as these firms are forced [...]