Why Hedge Funds Are Doomed
(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. |
|