Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
the random walk theory addresses itself to public markets with a great deal of regulation and transparency, as well as legal controls.  basically the US markets.  my own hunch is that the hedge funds are not doing particularly well in these markets.  however there are other less controlled markets around the world where insider knowledge can be strongly leveraged.  and there are arbitrage situations such as the carry trade, and particularly as it relates to Japan, where I think they can clean up.  Cramer's comments would indicate that he can at least influence quarter ending numbers, for scorecarding purposes, in the American markets.  he also seems to say he can play the American markets, and I admit that challenges what I just said.  But I would love to see analysis of their returns to see where they are really coming from.
by wchurchill on Tue Mar 27th, 2007 at 04:33:41 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series