The “Trash Crash” of the past month caught a lot of hedge funds on the wrong side. They were much too long the speculative frothy part of the market. The hedge funds had been chasing the momentum of stocks such as Facebook, Tesla and all the biotechs. Once these bubble stocks topped, and as their positions went against them, the market entered into a li…
Apr 17/14 – The “Trash Crash” is over
