{"id":8768,"date":"2008-10-03T00:00:00","date_gmt":"2008-10-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"marcial-how-four-pros-played-the-stock-meltdown","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/marcial-how-four-pros-played-the-stock-meltdown.html","title":{"rendered":"Marcial: How Four Pros Played the Stock Meltdown"},"content":{"rendered":"<p><a href=\"http:\/\/rss.businessweek.com\/~a\/bw_rss\/investor?a=9nFS1o\"><img decoding=\"async\" border=\"0\" src=\"http:\/\/rss.businessweek.com\/~a\/bw_rss\/investor?i=9nFS1o\" \/><\/a>BusinessWeek &#8211; What did investors do when the Dow Jones industrial average plunged 777.68 points, or 7%, on Sept. 29, to 10,365.45? Head for the nearest bar for a double? Or rush to double up, or down, on their stocks?  <\/p>\n<p>Either way, the Dow&#8217;s sharp response to the unexpected rejection by the House of Representatives of the Treasury&#8217;s buyout plan reminded investors yet again of how unpredictable and volatile the market can be. <\/p>\n<p>&quot;You&#8217;ve got to have a steel stomach to confront these types of markets&mdash;to survive or win,&quot; says William Harnisch, president of hedge fund Peconic Partners, which manages some $1.5 billion in assets. And a winner he&#8217;s been at a time when most other hedge funds are struggling to avoid sinking. In 2007, Peconic posted a 64% gain, and this year is up 8% though Sept. 29, vs. a decline of more than 20% for the Standard &amp; Poor&#8217;s 500-stock index. So Harnisch wasn&#8217;t one of those who scurried to the nearest tavern: He dared to buy stocks as the market plummeted. <\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.businessweek.com\/investor\/content\/sep2008\/pi20080930_498303.htm?campaign_id=rss_null\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BusinessWeek &#8211; What did investors do when the Dow Jones industrial average plunged 777.68 points, or 7%, on Sept. 29, to 10,365.45? Head for the nearest bar for a double? Or rush to double up, or down, on their stocks? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2926,180,82,3004,1444,2767,956,2905,79,76,129,83,672,81,2917],"class_list":["post-8768","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-10-years","tag-accountant","tag-bets","tag-bonds","tag-bureaucrats","tag-business-strategies","tag-credit-suisse","tag-dow-jones-industrial-average","tag-eaton","tag-global-stocks","tag-losses","tag-medallion","tag-new-york-mercantile","tag-newcastle","tag-seriousness"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8768"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8768\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}