Odey Says Blame The Machines As He Prays His Moment Has Arrived

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Mark Melin
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Has Crispin Odey’s ship finally arrived? Always a groomsman but never a groom, one of the world’s most bearish fund managers who has been anticipating and betting on a market crash now has finally gotten a payout from other people’s gore.  Odey’s fund was reported to have jumped 6% Monday alone as a result of the market carnage. In a January letter to investors, Odey OEI MAC fund was already making money – a relative rarity of late. Mr. Doom still has a bearish monetary outlook going forward, but in the short term the market could bounce — depending what…

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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.