In the aftermath of the August hedge fund slaughter in which the most widely held by "smart money" stocks got pummeled leading to the marquee hedge fund names reporting their worst month in years, and leading others - such as us - to once again mock the concept of "hedging" (only a handful of funds actually were hedged against "black Monday" such as Mark Spitznagel, who had a billion dollar payday on August 24 and who has since warned that if investors thought August was scary "They Ain't Seen Nothin' Yet"), the consensus opinion was that the pain for the...