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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (43615)	12/8/2008 1:33:54 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217619

hello pezz, today's report: (i) just in in-tray from ceo friend of small hedge fund i am in in a small way, and i quote Dear All, Flash report: Tai Tam returned gross absolute returns of -0.23% in November, 54.62% YTD. Since our inception on Aug 2007, we’ve achieved 59.5% gross compounded annualized return, a Sharpe ratio of 1.47 and -2% correlation to S&P500. We are currently on a business trip and will provide the full monthly report later this week. (ii) i think 2009 could be OK. however, must ask but one question "what if i am wrong?" i must be suspicious of a supposed macro tsunami having run its progression, and yet hk real estate is just 30-50% off peak, effectively returning to just 2007 (as opposed to 2003, requiring additional 75% down) price level dunno, but have time to ponder (iii) just received e-mail from group ceo buddy of many years, and again i quote: Down big number, in the range of 30%+ overall, not counting real estate holdings, because of margin. Have resigned in September with 6 months' notice, last day Match 8. Seem to be repeating timing in quitting, 1998 summer, 2000 autumn & September 2008!! (iv) recommendation: be yourself, but less so, in a more considered way. cheers, tj p.s. having noted all of the above, 2009 will probably be an up 25% year. as mentioned earlier, the true crisis might still be some 5-7 years off.