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Putting some pieces together on the interaction of currency policies and global markets leading up to the May 2006 market sell off.
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Raised $2.9B for group of 9 hedge funds in December 2004, performed -5% to -1% for 2005, at worst point was off more than -10%.
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Bill Gross on near term outlook for summer 2006, with comments on end of zero-interest yen, dollar, and purchses of US bonds by creditor nations.
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Among other things, John Hussman notes that a rational, if difficult thing to do would be to simply step out of the market on a price/peak multiple of 19 and then wait for a 30% plunge.
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