The Surf Report

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Quote from marketsurfer:

I concur with you regarding a true socialist banking system. however what is happening here is far from true socialism. our government is participating in the free market as a profit seeking partner. it is my understanding that the Fed is seeking to flip the debt for profit to other economies or back into our own system once apprieciation takes place. I really believe this could be a huge win win for everyone, including the free market. In addition, the funds will be managed by private entities not the government directly.

surf
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It is not Fed going to run the banks. It is the politicians. The sizable ownership in the banks by the government cannot be unloaded.

What to do with that?

Politicians will make good use of that - like lower banking fees as a start, as they have direct control over the banks now. And such ideas are very good for buying votes.

Small step at a time, those banks will function like US postal service ...
 
Quote from Lawrence Chan:

Surf, any price level to stop out?
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everyone position sizes differently, so i can't give exact correct figure on the instruments themselves, but suffice to say:

8897 on the cash djia. need to give this some play.

surf
 
Quote from marketsurfer:

everyone position sizes differently, so i can't give exact correct figure on the instruments themselves, but suffice to say:

8897 on the cash djia. need to give this some play.

surf
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Understood. I am asking the same question just like last time.

Good luck on this one!
 
Hedge Funds smack down!! Even short bias is getting crushed






Credit Suisse/Tremont Hedge Fund Index 391.02 -6.55% -9.87% -7.71% 9.69% 7.70% 0.75
Convertible Arbitrage 260.96 -12.26% -19.45% -19.24% 6.72% 5.95% 0.48
Dedicated Short Bias 80.06 -6.08% 3.40% 11.29% -1.50% 16.89% -0.32
Emerging Markets 311.39 -8.93% -18.07% -14.06% 8.01% 15.53% 0.27
Equity Market Neutral 384.09 -1.41% 1.67% 4.28% 9.55% 2.85% 1.99
Event Driven 436.03 -5.75% -9.31% -7.95% 10.50% 5.84% 1.13
Distressed 517.69 -5.18% -8.96% -8.82% 11.79% 6.35% 1.25
Multi-Strategy 400.20 -6.17% -9.66% -7.55% 9.86% 6.34% 0.94
Risk Arbitrage 281.93 -3.49% -1.77% -1.10% 7.28% 4.23% 0.80
Fixed Income Arbitrage 207.19 -6.80% -11.57% -10.59% 5.06% 4.47% 0.27
Global Macro 598.28 -6.63% -2.07% 1.93% 12.89% 10.53% 0.86
Long/Short Equity 434.47 -7.81% -13.28% -11.21% 10.47% 10.08% 0.65
Managed Futures 256.24 -0.57% 6.70% 10.32% 6.59% 11.93% 0.23
Multi-Strategy 315.52 -7.35% -12.62% -11.28% 8.25% 4.92% 0.89

*Average Annual Index data begins January 1994. Monthly Standard Deviation annualized. Sharpe ratio calculated using the rolling 90 day T-bill rate.




Credit Suisse/Tremont Blue Chip Index Performance
Index / Sub Strategies Value Sep 08 YTD 1 Year Annl* Std Dev* Sharpe*
Credit Suisse/Tremont Blue Chip Index 116.91 -7.80% -12.45% -10.93% 3.07% 5.28% 0.01
Convertible Arbitrage 86.93 -13.91% -27.21% -28.60% -2.68% 8.82% -0.65
Dedicated Short Bias 69.76 -18.85% -8.93% -2.51% -6.73% 16.46% -0.59
Emerging Markets 187.32 -9.65% -20.53% -15.05% 12.92% 10.48% 0.94
Equity Market Neutral 111.54 -0.20% -4.85% -5.88% 2.14% 2.34% -0.38
Event Driven 139.22 -7.42% -10.82% -9.92% 6.61% 5.96% 0.60
Fixed Income Arbitrage 103.03 -7.88% -9.31% -6.53% 0.58% 5.04% -0.49
Global Macro 111.77 -9.78% -8.84% -2.17% 2.18% 7.63% -0.11
Long/Short Equity 111.96 -10.83% -21.54% -21.49% 2.21% 8.31% -0.10
Managed Futures 125.02 1.18% 7.48% 10.41% 4.42% 11.73% 0.12
Multi-Strategy 117.80 -8.11% -13.73% -13.76% 3.22% 5.72% 0.03

*Average Annual Index data begins October 2003. Monthly Standard Deviation annualized. Sharpe Ratio is calculated in the following ways: USD uses rolling 90 day T-bill rate, JPY uses rolling BBA LIBOR JPY 1 Month, CHF uses rolling BBA LIBOR CHF 1 Month, EUR uses rolling Euribor 1 Month.

Disclaimer



Credit Suisse/Tremont AllHedge Index and Sector Indices Performance
Index / Sub Strategies Value Sep 08 YTD 1 Year Annl* Std Dev* Sharpe*
Credit Suisse/Tremont AllHedge Index 114.16 -7.91% -13.88% -12.32% 3.37% 6.34% -0.04
Convertible Arbitrage 83.34 -12.93% -24.66% -26.57% -4.45% 8.76% -0.92
Dedicated Short Bias 88.30 -13.22% -4.76% 2.10% -3.06% 15.20% -0.44
Emerging Markets 135.03 -11.12% -24.48% -21.52% 7.80% 11.91% 0.35
Equity Market Neutral 111.59 -0.74% -4.49% -4.09% 2.78% 2.28% -0.36
Event Driven 125.06 -7.15% -11.15% -10.64% 5.75% 6.29% 0.34
Fixed Income Arbitrage 93.45 -8.26% -10.59% -7.82% -1.68% 6.15% -0.86
Global Macro 105.78 -8.65% -9.18% -3.14% 1.41% 7.48% -0.29
Long/Short Equity 115.78 -9.49% -18.98% -18.06% 3.73% 8.83% 0.02
Managed Futures 131.44 1.23% 5.97% 9.99% 7.07% 10.53% 0.33
Multi-Strategy 112.88 -7.85% -15.30% -15.26% 3.07% 6.14% -0.08

Global Growth Opportunities Basket 114.33 -7.82% -13.30% -10.64% 4.71% 7.02% 0.16
Markets Defender Basket 86.13 -6.31% -13.79% -14.27% 0.80% 4.85% -0.58
:mad:
 
Wow..thats ugly Surf......I dont see JWH on there...I wonder why.



Perhaps because they were up 20% in September and most likely crushing it again in October.


Funny how your attack on trend followers has stopped while they are making a killing and most everyone else is getting crushed. In the end and over time, they are the best traders.

I wonder how VN is doin these days trading his own money. Hopefully he isnt selling puts.......again.
 
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