Market Update

After a successful career in the 1980s and 1990s as the head of Salomon Brother’s fixed-income arbitrage group, in 1993, John Meriwether founded his own hedge fund to profit in the financial derivatives market using similar arbitrage methods. On the board of directors of this hedge fund were economic luminaries…

During times like these, you will probably see headlines in the financial news reading, “Dow Plunges 1,500 Points In 2 Days – Market Crash Imminent!”  It is true that the Dow has fallen drastically over the last week, but the intention of the news is to sensationalize and put investors into panic-mode and this is exactly what we want to avoid.