Forbes – As part of a fundraising event by hedge funds known as Trading Day for Kids, three of the industry’s titans convened to share their feelings on the likely direction of the markets over the next few weeks and during 2013. Their thoughts offer insights for traders and investors and may inform some of the strategies they have in place.
Before sharing these, it’s worth giving the concept known as Trading Day for Kids some coverage because the only beneficiaries are under-privileged youths in New York City. Specifically, on Trading Day for Kids, participating hedge funds run all of their trades through one brokerage firm on a given day, which this year is October 25. The brokerage firm then donates the commissions from the day’s trading to Youth, I.N.C. who in turn distributes funds to a variety of non profits who empower young people in the New York City metropolitan region.