Ratio Box

Label Key S/T Momentum L/T Momentum Combo Momentum CEC Strategy Long LSR 91 0.29 48 0.27 31 0.20 380 N/A Short NPD 319 -55.47 179 -31.87 154 -29.93 0 91.79

C.M.O. 07.25.2011

I’m still not sure if they should be called the “Gang of Six”, the “Gang That Couldn’t Shoot Straight” or six guys playing a 3 on 3 game of kick the can down the road but the current impasse in…

C.M.O. 6.1.2010

Credit Market Overview June 1, 2010 With the VIX closing at 40.10 on May 21st and correlation across almost every single asset class locked at 1.0 it would appear that investors are battening down the hatches early for what the…

Ratio Box

Label Key S/T Momentum L/T Momentum Combo Momentum CEC Strategy Long LSR 155 0.6 43 0.3 27 0.3 384 N/A Short NPD 262 -25.7% 173 -31.2% 102 -18% 0 92.1%

Ratio Box

Label Key S/T Momentum L/T Momentum Combo Momentum CEC Strategy Long LSR 62 0.2 11 0.1 8 0.1 384 N/A Short NPD 355 -70.3% 131 -28.8% 102 -22.5% 0 92.1%