Saturday, January 13, 2007

The best quote I've seen in a while.

The Wall Street Journal: Rare Bears. [$]


"With hedge funds and the pressure they're under to perform, we're getting this Texas Hold'em poker style of investing: all-in or all-out," he says.

[Quote from Vinny Catalano, chief investment strategist of Blue Marble Research.]


I don't think hedge funds are the only guilty parties here, but they are probably a little more guilty than other folks.

Anticipating these moves can make you money though. Clearly, so far in 2007, energy is out and tech is in.