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  1. M

    American Express Co.'s customers reduced spending by 16% in the first quarte

    To quote David Rosenberg "US consumers are shifting from frivolity to frugality" :cool:
  2. M

    Dangerous times

    (source: http://online.wsj.com/article/SB123810562770552071.html ) Private consumption in China is nothing to write home about. Once the government built all the bridges and has financed enough empty high rises, then what? China is basically making one gigantic leveraged bet on an...
  3. M

    Spain's first quarter unemployment jumps to 17.4%

    Spain’s Falling Prices Fuel Deflation Fears in Europe http://www.nytimes.com/2009/04/21/business/global/21deflate.html?ref=global-home
  4. M

    Trend Following "SUPER FUND" down

    And trend following is not, even if one applies correct money management?
  5. M

    Trend Following "SUPER FUND" down

    Search for scientific articles on "momentum profits" -- yes, BUYING STRENGTH and SELLING WEAKNESS, Surf! Buying/selling momentum = Trendfollowing. This is a hot topic in finance science community since the 80s since it directly disputes the strong efficient market hypothesis (from the 60s and...
  6. M

    UK Tax Rates 50%....USA Next ?

    Even if it may be a cumbersome process (if you're a US citizen it may take up to 10 years and involves relinquishing your citizenship), now is the perfect time to move to low tax jurisdictions in the Caribbean, Switzerland, Monaco, Cyprus etc. in order to protect your wealth for your children...
  7. M

    Getting Market Data (real-time stock quotes) into Excel 2007

    Been using XLQ with Excel since years. Quite happy. Developer releases constant updates.
  8. M

    Russia stops publishing unemployment numbers; seeks to avoid social unrest

    This is how you manage a crisis and generate confidence seemingly out of thin air. The Russians and Chinese got it figured out. Propaganda and Gestapo tactics working hand in hand. http://uk.reuters.com/article/marketsNewsUS/idUKLM10459220090422 MOSCOW, April 22 (Reuters) - Russia's...
  9. M

    Trend Following "SUPER FUND" down

    You post a thread how it's down -6% Jan - April after it was up +40% in 2008? That's your personal bias right there!
  10. M

    Morgan Stanley Drops a Bomb...

    Richard Bove Says Lehman Brothers a "screaming buy"; share drop unjustified 2008-08-27 :cool:
  11. M

    Trend Following "SUPER FUND" down

    BS excuse. If a $1bln AUM trendfollowing fund had a catastrophic drawdown it would be all over Bloomberg and you know it. Surf, you're entitled to your own opinion as a strategy "having an edge or not" but unfortunately all the evidence points against your hypothesis. Before posting your...
  12. M

    Trend Following "SUPER FUND" down

    You are probably talking about JWH, yes they made it back to break even: http://www.jwh.com/mrr.asp?fid=2 http://www.jwh.com/mrr.asp?fid=10 Now tell me how Henry's (one of the worst trendfollowing trackrecords out there) 10 year return compares to "buy/sell and hold". You always claim...
  13. M

    Trend Following "SUPER FUND" down

    Don't jiggle around. Show me one >$1bln AUM trendfollowing fund that had a "massive drawdown" in 2007. Back your shit up or STFU.
  14. M

    Trend Following "SUPER FUND" down

    Ok now we're going to settle this once and for all: What big trendfollowing fund with AUM $1bln had a >50% "massive" drawdown in 2007. Actually 2007 was an excellent year for the large majority of the funds I am following, so name the funds with "huge drawdowns"! Surf, I know you can't and...
  15. M

    Bank Lending Keeps Dropping

    I don't blame them, who wants to borrow money to deadbeats?
  16. M

    Trend Following "SUPER FUND" down

    In a way an "educator" like Surf and his mentor Niederhoffer are a good thing. They keep spreading the myth trendfollowing "can't possibly work" and "you have to be a contrarian" to make money -- all this after 2008, one of the best years ever for trend followers as many funds pulled several...
  17. M

    Trend Following "SUPER FUND" down

    Absolute nonsense.
  18. M

    Did Trading Blox just go out of business?

    Using their software every day. Still in business.
  19. M

    Trend Following "SUPER FUND" down

    Get a life.
  20. M

    Excellent Read from Martin Armstrong

    A ponzi scheme: http://en.wikipedia.org/wiki/Martin_A._Armstrong
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