Tuesday, July 17, 2007

Bear Stearns Warns Hedge Fund Investors of Total Loss -- Bloomberg

Yuck. Total. Loss. Well-hedged, all right. Let's see. SPY, which is about as "plain vanilla" a thing as there is in an investment, is up 27.56 percent over 1 year, according to MarketWatch. Well, I'm sure that the reps who sold these funds to the clients really feel for them. Perhaps they'll take up a collection out of their bonus checks to send out a card. Not to be too negative all the time, but something just stinks about stories like this.

Do not buy investment crap. Perhaps, if you are being pitched a hedge fund soon, you should just write the preceding sentence one hundred times.

Bloomberg.com: Worldwide

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