Some Parts Of The Market Now In “Dangerous Territory”: Moon

More and more hedge fund managers are drawing comparisons between today’s market and the market of the late 1990s. The latest comparison is from John Moon, founder of Moon Capital, who also questioned the Q4 correction and Q1 rally, expressing skepticism about the simplicity of those two broad-based market movements. Q1 hedge fund letters, conference, scoops etc “Color us skeptical” The Moon Capital Global Equity Partners Fund returned 8.2% net for the first quarter, while the flagship Moon Capital Global Equity Fund returned 5% net for the quarter. The firm posted gains in both of the last two quarters, which…