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Simon Lack, author of “The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True,” talks about his book and the reasons investors should avoid hedge funds. Here is a direct link.

Investors interested in keeping their finger on the pulse of the American economy should note that while roughly two-thirds of companies have successfully gamed beat their lowered earnings expectations for the second quarter, the revenue data is much bleaker: just … Continue reading →

This morning (so far) risk markets are continuing hope-fueled rallies as the volatility fear gauge (VIX) slumbers around complacency levels of October 2007.  Meanwhile behind the present air of calm, Wall Street banks are quietly restructuring their own portfolios and … Continue reading →