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Here Are The Most Popular "Hedge Fund" Stocks in The Third Quarter
As observed last week, 2014 will be the sixth (and record) consecutive year in a row in which the hedge fund community will generate lower returns than the S&P. Worse, as of November 19, the average hedge fund was down year to date, which explains why as Reuters reported last week, there has been a deluge of redemption requests into the 2 and 20 space, assuring that this bonus season may be great for M&A bankers, but it certainly will be a disappointment to the lofty remuneration expectations of the vast bulk of hedge fund workers.
Furthermore, as we also showed, in the new normal, in which the market's Chief Risk Officer(s) are all economist graduates of either Princeton or MIT, and congregate at the BIS HQ in Basel every few months to plot the future of the world's centrally-planned economy, the best strategy has been to do the opposite of what hedge funds have done: something we first observed over two years ago, as the most shorted companies have outperformed the vast majority if not all traditional strategies year after year.
And yet, just like the lunacy of believing that central banks are "fixing things", when the current global economic situation is getting worse by the day precisely due to central bank policies, there are those pattern-chasing momos, who still find delight in copycatting whatever it is that the if not smartest, then best paid men, in the room do. For their benefit, here via Goldman, is the most recent, Q3, summary of the most popular stocks within the hedge fund community.
Here we find that, unsurprisingly, AAPL has regained its top spot as the global hedge fund hotel's most beloved stock. In fact, 4 of the 5 most widely held names are all tech names, with GOOG, MSFT and FB rounding out the top 4, and only Citigroup as the outlier in the top 5. Perhaps more notable is that the former hedge fund darlings AIG and GM, have been abandoned by the HF crowd, and were in 9th and 16th place, respectively.
And here is how the popularity of various stocks changed during Q3 2014: below is a list of the largest positive and negative popularity changes.
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The most popular hedge fund 'stock' in the third quarter was the 'dollar' and the most popular hedge fund was the Fed.
Good luck suing the Government too.
On this exponentially escalating scale you do not sue the government. Either you overthrow it or you die from it. And maybe even both.
We are rapidly approaching the point where there are no innocent bystanders, just present and future victims.
one of my canaries is *cough cough*
CHICAGO, IL--(Marketwired - Nov 24, 2014) - Auto loan delinquency rates jumped nearly 13% in the last year to close Q3 2014 at 1.16%. At the same time, auto loan debt rose for the 14th straight quarter to $17,352
...
Q2 year over year 9% ... a couple of things ... $amount much larger than a few years ago (~$12,500 3 to 4 years ago) ... not to mention MILLIONS more loans
http://newsroom.transunion.com/press-releases/transunion-auto-loan-delin...
It's the GM "Sign and Drive" sales event. Making your payments is optional.
If they think the government is going to forgive their debt they better get in line behind all the people with student loans. Of course, if you used your student loan to buy a car, maybe you'll be fine.
And Apple, Google, Microsoft, Facebook and the other tech. bubblies are in the basket because it is the time of the Holiday orgy of consumptive spending for the top 10% on gidget-gadgets to distract them from the dissolving empire of the New Rome.
a quote from earlier transunion report:
Since 2007, the auto loan delinquency rate has reached as high as 1.59% in Q4 2008 while its low was observed in Q2 2012 at 0.86%.
Sign and drive lowered those stats. Your bullshit doesn't show the $7,000-$10,000 dollar rebate priced with zero down for qualified buyers.
(subprime) auto lending leading edge for my recession call (starting no later than Q1 2015)
besides the downhill snowball picking up speed ... OCC has warned on auto lending going bad OUTSIDE the banking sector.
Don't see how FR/Treasury can bail shadow banking sector ... when auto goes bad it will reverbrate all through the supply chain (chrysler and GM saw significant increase in end of month dealer inventory as is) ... hello cutbacks/layoffs/recession (reinforced by oil patch woes)
The auto numbers rely on lease's to look good but lease returns are going to start rolling in and will create a glut in the used market. I guess they could talk the government into another cash for clunkers....
Subsidizing advertisement to increase mobile users 5 GB monthly plan. Stealing from mobile customer’s has become easy. We just data leak their account usage with advertisement.
How does that 1.16% compare to 2001 recession? ... another quote:
“At the end of the 2001 recession, the national auto delinquency rate increased to a high of just over 1 percent, and then began to edge downward for the next four or five years,” said Peter Turek, TransUnion’s automotive vice president.
FICO score is of the past, buy in cash.
FICO earlier this year changed its scoring (made it easier)
No Shame for Obama
http://www.americanthinker.com/articles/2014/11/no_shame_for_obama_.html...
Watch them HY spreads take off as we near and after Christmas...
as for Princeton nd MIT econ - I have an idea for the Tylers, seriously, for a TV show. You get new grads from those places and - a reality show - they have to run a small business, including managing the books.
Some of the dumbest people I ever met were from Harvard and Princeton. MIT - not so much, but I'm willing to bet, based on some of their econ fac's shining lights, that the engineering and physics students don't consider the economics faculty that institution's finest minds.
Frankly, the whole lot of them are basically a bunch of gay cowboys sitting around eating pudding.
You should try dealing with a CIO that has an MBA.....