May 15, 2009
– Comments (7)
The bottom was when X hit 16.66 for its 52 week low.
united states steel 16.66/share= market bottom.
For more Hugh Hendry footage see these videos (see comment #4 here) and see this article from The Times ...
abitare, I was finally able to watch this video on your other blog. I got a kick out of that comment, so I posted my comment here. I had never seen Hugh before and my impression of him was he seemed to be a bit stressed. He looked like somone who had a big trade on that was moving against him. He does seem to have a strong conviction and may ultimately be correct if he can stay liquid long enough.
I also took a quick look at the videos portefeuille linked in that same blog and got a better idea of what he was all about. I'll have to go back later and watch the rest of it. Interesting character and personality, I'll say that much. He gives me the impression he has a little disdain for the business news programs. Either that or the programs and guests that he feels are spouting views he finds contrary to what's really happening.
I had never seen Hugh before and my impression of him was he seemed to be a bit stressed.
That is more or less his "normal" appearance.
Did you read the text that precedes the videos or the article from the Time?
I like the following part:
I thought I'd bring a voice to you today from "over the pond" - during the many sleepless nights in 2008 as we watched government interventions on Sunday nights and awaited Asia's reactions to our form of corporate socialism, I watched a lot of CNBC Europe. It is like CNBC America except it's actually good. Segments are not broken into 2 minute shoutfests (apparently Europeans have longer attention spans) and the hosts have bright minds, wit, and challenge their guests. This is where I discovered Hugh Hendry, Chief Investment Manager, of Eclectica Asset Management. Quite frankly the difference between the Europe vs US versions are a direct parallel to how US Congress works versus UK Parliament: here, people give 2 minute speeches before voting to 90% empty Congressional hall with no challenges - there, even the Prime Minister stands in a room without prepared remarks, and has to answer critics/questions and think on his feet in an engaging atmosphere of direct confrontation. Ironic really. But I digress.
Just watch some squawk box Europe footage. It is not really that special but at least it is tolerable.
It is like CNBC America except it's actually good.
I kind of like that statement.
I might put up some "best of Hugh Hendry" footage in a new blog post.
I would have to "review" it somehow: Some beer and popcorn and youtube should do ...
funny chart (we appear to be somewhat negatively correlated ...)