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A Return to Fundamentals?

The Absolute Return Letter, July 2015“In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” Mark ZuckerbergGreece on the brink A Greek, an Irishman and a Portuguese walk…

Volatility Lurks

The S&P 500 volatility index - the VIX - is a measurement of volatility expectations. It has fallen 50% since the (latest) agreement to save the euro was announced. If the VIX falls to 18, call options are worth considering.
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