It has been a bad week for most managed futures programs. Choppy conditions, including the reversal of the recent down move over the past two days, has made it difficult for many programs to recover from the commodity price correction. And about that price correction… we seem stuck in a sideways price action, which looks volatile on an hourly basis, but not at all on a weekly basis. On the stock side of things, the mantra seems to be, “party like it’s 1999.”  Just wait for a few more IPOs like LinkedIn, and we’re likely to get a few investors think that longer term investments in managed futures are for the birds – and a 100% IPO is where they should put their money. That strategy didn’t work out too well the first time around, now, did it? If someone tries to tell us that this time is different, we may scream… but it’s the weekend, so we think we’ll relax with some interesting reads instead.

• Corn subsidies = cheap feed = cheap beef = big macs = fat America? (PCRM)
• Oil and Gas infrastructure targeted (ABC)
• What if our way of life is a bubble? (Harvard)

Just for fun…

• Incredibly intense storm taking over Saturn (NASA)