Why Hedge Funds Are Doomed
By George Mannes

(MONEY Magazine) – The creator of Entourage, the HBO show about a movie star and his pals, recently announced his next series for the network, this one about a hedge fund trader and his pals. Talk about a spoiler: When Hollywood turns its cameras on a financial trend, it's historically a prequel for market collapse.

APRIL 1987 The movie Wall Street, about a young stockbroker seduced by wealth, starts filming. OCTOBER 1987 Black Monday: The Dow Jones industrial average falls 508 points.

SPRING 2000 Production begins on two TV shows about high finance: The $treet (above) and Bull. SUMMER 2000 The S&P 500 begins a two-year slide.

SUMMER 2005 Two shows about making a buck in real estate debut: Flip This House and FlipThat House. FALL 2006 Existing-home prices fall 3.5% year over year, the biggest drop on record.

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.