Recent market behavior has been more macabre than a nightmare on Elm Street. I did warn you to take cover on Monday when the major indexes began breaking major support and the VIX took a jump. But I’m not here to chastise you unbelievers in technical analysis but to relate two things.
First is that Professor Pat and I have been working on a white paper concerning the Sharpe Ratio and what it means in terms of fund performance, especially in regards to hedge funds. The initial installment should be out sometime this weekend, so stay tuned.
The second is that I’d like to wish all my readers a scary Halloween, although not one nearly as frightening as recent market action. Unfortunately, I believe the market will be doling out more tricks than treats in the near-term. Boo!
