Wall Street hires sophisticated number-crunchers to figure out all kinds of risk for investments, but their computer models give only the illusion of evaluating risk.
Here's Elliott Wave International's brief list of what we're saying good-bye to from the watershed year of 2008, as well as what we're saying hello to in 2009.
Billions of dollars poured into hedge funds over the past five years, as wealthy investors looked for ways to increase the value of their investments. And their hedge fund managers obliged, using bucket-loads of leverage along with strategies that included short-selling, arbitrage, program trading and investing in derivatives. Now, the good times are coming to an end.
While a failure in the swaps market could crush many hedge funds that deal in them, Elliott Wave International's Bob Prechter sees an even more basic reason why they will ultimately come to a bad end – that's because they're not really hedgers, they are merely buyers
Announcing EWI's New eBook ...
In this exciting new 45-page eBook, Jeffrey Kennedy shows you – using fresh, real-life market examples – how you can use simple, yet powerful, chart reading techniques to improve your trading.
Download your copy today!
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