Time to 'pick ourselves up, dust ourselves off'


By Michelle Celarier

Last month's inauguration of Barack Obama as president of the United States apparently sent beams of hope everywhere in the world except the financial markets. That day, the U.S. stock markets also made history - falling more than ever before on Inauguration Day. In contrast to those attending the historic event, the markets chose fear over hope.

The specter of bank nationalizations notwithstanding, what the markets seemed to miss was my favorite line from Obama's speech - the one admonishing Americans to "pick ourselves up, dust ourselves off." This comment is good advice for hedge funds, which