The Hedgies Are Stumped

Posted by Bull Bear Trader | 4/03/2008 08:14:00 AM | | 0 comments »

Dealbook is reporting that many hedge fund managers, in recent letters to shareholders, are conceding that they have little idea what is in store for the markets. Some are directly conceding that "We do not know what will happen with the economy or the markets." John Bogle at Vanguard, and other like firms, should probably put quotes like this on their index fund product brochures.