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Cramer on BloggingStocks: Here comes the death of the bearish funds

 Sep 30, 2009 02:50 PM UTC
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Filed under: Market matters, Citigroup Inc. (C), Bank of America (BAC), CIT Group (CIT), Federal Natl Mtge (FNM), Amer Intl Group (AIG), Wells Fargo (WFC), Cramer on BloggingStocks, MBIA Inc (MBI)


TheStreet.com's Jim Cramer says this year will see the mirror image of last year, when redemptions ended the game for many managers.

One year ago today, a quarter ended that put hundreds of bullish hedge funds out of business. Today, a quarter ends that will put hundreds of bearish hedge funds out of business.

Oh, sure, last year some of the bulls were able to stumble through the fourth quarter, but October was a horror show and they ended up getting huge redemption letters and spending the rest of 2008 selling into the strength of the rally to return capital to investors and lock in losses.

Continue reading Cramer on BloggingStocks: Here comes the death of the bearish funds

Cramer on BloggingStocks: Here comes the death of the bearish funds originally appeared on BloggingStocks on Wed, 30 Sep 2009 09:50:00 EST. Please see our terms for use of feeds.

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