Forward Guidance: The Fed Sounds Like a Wizard Reading Chicken Bones
-
Stanley Druckenmiller says the Fed should get rid of forward guidance and
just do their job.
2009-09-21
OTB Portfolio Update 2009/09/21
A 21% rally in AIG and gains for every holding except Bank of America (BAC) lifted the OTB Portfolio to a 7.97% gain and into positive territory since inception, up 2.47%. Freddie Mac (FRE) is 0.5% above its initial position value of $200, while AIG is up 28% and has delivered essentially all the portfolio's gains.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment