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Some Unpleasant Monetarist Arithmetic (guest: Jim Leitner)

The Market Huddle

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Is the Goldman Research Restrictive?

This is one of those years, ah, where, you know, f if you had randomly selected a year in the last 30 years to look at where the stock mark would be a year later, 80 % of time it was up, but 20 % of the time it was down. And that's not even that lik. I just have a very hard time actually short. It's kind like built into my psyche to earn risk premium, right? Really hard for me to be short risky assets unless they are stupidly overvalued and now, just your neutralis is almost short in that you don't have any exposure.

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