Markets – Hedgies Getting chopped up..

Choppy markets continue.. Soros’ quantum endowment fund now in 75% cash. Many hedge funds having a very tough time of it here and now. ”The easy money is gone’ Faber.

http://www.bloomberg.com/news/2011-07-19/soros-quantum-holding-75-cash-leads-hedge-funds-baffled-by-global-crises.html

“I find the current situation much more baffling and much less predictable than I did at the time of the height of the financial crisis. The markets are inherently unstable. There is no immediate collapse, nor no immediate solution.”Soros.

Rich