This Week on TRB

Here were the most read posts on TRB this week, in case you missed them: Buy Wood. The Inevitable Year-End Melt-Up Feel better, everybody gets killed sometimes. BAML: Here comes the big bank breakout Jim Chanos on Taking Risks Early    

Hugh Hendry Throws in the Bearish Towel

Hugh Hendry is one of the brightest, most entertaining of the long-standing bears and this week he’s grudgingly flipped bullish.  “I can no longer say I am bearish. When markets become parabolic, the people who exist within them are trend followers, because the guys who are qualitative have got taken out,” “I have been prepared…

Feel better, everybody gets killed sometimes.

John Authers at the Financial Times writes about a survey carried out Harvard, Columbia and NYU academics looking at the investment behavior of the ultra wealthy retail investor. They look at the period from 2000-2009, monitoring the buys, sells and holds of 115 wealthy investors with an average net worth of $90 million. Of all…