Investment

» Normxxx - Long-Term Evidence on the Fed Model

In response to Long-Term Evidence on the Fed Model posted by Kirk:

Can't answer that. The only fund of his (except for his bond fund) of which I am aware started circa 2000 and did spectacularly during the bear. Since then, he has remained overhedged and his results are quite modest, but he has beaten the USTs.

It doesn't refute any of the evidence he has produced to show the fallacy of the Fed model. His refutation is in no ways dependent on his views of the market!

There are plenty of others who concur with his analysis.

-- posted by Normxxx