CHART OF THE DAY: Hedge Funds Bought The Frackin' Dip!

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Did you panic and sell last week while it looked like the world was collapsing in a stew of radiation and Mideast chaos?

Hedge funds didn’t. They bought the F#$%!NG dip!

This chart stands out in the latest Bank of America Hedge Fund Monitor.

Check out the sharp spike in global macro hedge fund exposure to S&P longs last week.

chart of the day, s&p 500 exposure to macro hedge funds, march 2011

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