Podcast: Download (Duration: 43:25 — 29.8MB)
A lot of people must be unhappy with their returns. Mr. Adair’s “hedge fund redemption” excuse for anomalous metals trading doesn’t gibe with the dumping of whole years of production on paper in nanoseconds. Nobody seems to offer much in terms of actionable intel. Paraphrasing Mr. Wood: “I don’t know when things will happen, but when they happen, I will know.” We’re in new territory. The markets are broken, and people are merely focused on the “fiscal cliff.”
Oh well. Best to everybody in 2013, trading-wise, health-wise, and otherwise.
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