Contrarian blogger Mish Shedlock notes that implosion fears are rising at hedge funds as Focus Capital slashes positions.

According to a report in the Britain’s Daily Telgraph: “Focus Capital, an award-winning US-based hedge fund, has liquidated some of its biggest positions, raising fears of another implosion in the high-rolling sector.

“The fund, which is run out of New York and Geneva, has caused turmoil as it dumped large positions in a raft of Swiss small cap stocks in recent days.”

There’s also trouble brewing in the leisure goods sector, says Ian Davis.

“Aside from a weak rally attempt last November and another this month, the sector has gone straight down. The rally in November was short-lived, and I believe this one will be as well.

“How much farther could the sector fall? Well, it would have to fall another 31% from its current level in order to match the 50% fall it experienced during the previous two major recessions.”