From The Pragmatic Capitalist:

This week’s Guru Outlook brings you Paolo Pellegrini. Although he is not the most well known of investment gurus Pellegrini has built quite a name for himself in recent years.

Before founding his own hedge fund PSQR, Pellegrini was John Paulson’s right hand man at Paulson and Co. Of course, Paulson and Co. made waves during the sub-prime crisis when they made billions shorting the market during the crisis. Pellegrini was instrumental in devising the strategy.

Like Paulson, however, Pellegrini wasn’t a one trick, short the market, pony. In 2009 he crushed the market with a 61.6% return in his fund after he made big bets on a rising oil market and a tanking treasury market.

So where does Pellegrini see the market going now? In a recent letter to shareholders he said...

Read full article...

More Cruxallaneous:

Warren Buffett is not who you think he is

Market legend Peter Lynch is bullish on stocks

Legendary trader Gartman: The euro is "doomed"