The Vicious Mark-Down Of MLPs; Comparing Yields From Early 2000

The Vicious Mark-Down Of MLPs; Comparing Yields From Early 2000 by Evergreen Gavekal Capital “There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it’s the end of a bull market or the end of a bear market.” – Paul Tudor Jones, one of America’s most successful hedge fund managers. EVA SUMMARY The emotional parallels between today and the end of the late 1990s bull market are striking. It’s a trying time for value-oriented investors as richly-valued stocks continue to rally in the face of weakening fundamentals, a painful commodity bust,…