Predicting a market crash is considered a low win percentage endeavor. But nonetheless Crispin Odey, currently staring a negative -2.3 one-year Sharpe ratio directly in the eye, soldiers on. In a September 29 letter to investors, Odey sang a familiar tone, criticizing central bank quantitative easing and warning the bubble will burst. He just doesn’t know when it will happen. [Buffet] Odey warns of a market crash… again… and again Odey’s gloom and doom outlook recently cost the founder of Odey Asset Management a pretty penny. Once a billionaire and one of the wealthiest men in the United Kingdom,…
Crispin Odey Says "Time Is Running Out" Again
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.