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Historically speaking, when a big fund liquidates its positions, everyone
else is standing
on the side ways waiting for the unwinding of postions to hit bottom,
then a rally will start.
Look at Soros liquidation on Oct.,1987, Niederhoffer on Oct. 1987, Nick
Leeson
2nd quarter Nikkei liquidation (am not sure 1995 I think), then now we
wait for the Meriwether liquidation before the great bounced back.
Gerrit Jacobsen wrote:
> It seems that the term "hedge-fund" is now totally disgraced. For
> managers like Meriwether these hedge-funds were a one-way bet:
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