Naked Hedge Fund Weekly #42

Disaster week for our short position as the oversold rally gained momentum on some lightly better than expected numbers.  The bulls were definitely ready to take any nibble of good news and run with it.  We are basically back to were we started with our short (SPY $110).  Now I understand why so many  long time hedge fund managers are quitting the business with all this choppiness based on randomness.

Below is a PDF with the Naked Hedge Fund weekly.  Click on it for the 2 page report.

YTD 7 trading days. YTD NHF Portfolio +0.12% vs S&P 500 -0.9%

NHF Weekly 9-5-10