The world's largest hedge fund has made the astonishing claim that it's bearish on almost all financial asset classes, according to the website ZeroHedge. The finance blog highlighted a conclusion from Bridgewater Associate's latest "Daily Observation" note Tuesday, authored by the firm's co-CIO Greg Jensen. "We are bearish on financial assets as the U.S. economy progresses toward the late cycle, liquidity has been removed, and the markets are pricing in a continuation of recent conditions despite the changing backdrop," Bridgewater said.