Mar

30

 Roughly four years ago, Victor and Laurel wrote about a birthday party dinner they attended, where they had the pleasure of sitting with a market neutral fundist who had earned the nickname "Mr. Axe." The Specs bestowed the name on him because the performance of his market neutral fund's performance at that time was summarized as "axe murder."

Small world we live in! Mr. Axe happened to be, and still is, my greatest trading mentor and advisor.

Despite speaking with Mr. Axe over 10 times a day, every day, for the last seven market years of my life, he has used the phrase "we are going to zero" only 15 times. The market has not ever failed to mount a meaningful rally immediately following such musical words. He made the statement at 11:46am today.


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