Home On The Range

One possibility that has been rarely discussed is that we could be in a range for the remainder of the year. That has certainly been the case for the past week. I see that as a possibility but still believe we are likely closer to the top of the range than the bottom, if indeed we are in one. Have a good night.

3 comments:

caveman said...

What do you make of the thought that Nov / Dec will be strong with underperforming managers chasing?

Tsachy Mishal said...

The Merrill Lynch Fund manager survey shows that managers are pretty much all in. The ISI hedge fund survey shows hedge fund managers have high levels of exposure. Money managers are not under invested. Retail investors are the only group that one can make a case of under investment for.

caveman said...

Good points, Tsachy.