Is the market pumped and going to hell?
Australian Altair Asset Management hands back cash to clients citing looming correction. Well they certainly think they don't want the liabilities. This is serious. They could have just written covered calls. Well, all our MBAs know nothing. Financial engineering is a barrel full of nitro with drops of glycerin coming on in.
This was in May, we are even more pumped on Heroin now.
See the whole report: http://www.smh.com.au/business/markets/fund-manager-hands-back-cash-to-clients-citing-looming-correction-20170529-gwfgua.html