On the flip-lighter side of that complex article, we're all going to get a great buying opportunity on today's $400K homes in just a couple years; or less.
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
div>
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!Hedge Fund Collapse
- Thread starter Fivetears
- Start date
Bullitt
Market Veteran
- Reaction score
- 72
European hedge funds have been forced to introduce emergency measures to protect their businesses from collapsing in the wake of the turmoil in financial markets. Up to 10 European hedge funds have suspended redemptions after investors clamoured for their cash when the managers made severe losses.
http://business.timesonline.co.uk/t...ectors/banking_and_finance/article3256253.ece
There was a related story on the subprime mess on "60 Minutes" last night .. they were trying to explain how we got into this mess and what to expect from here. The impression I got was that we haven't seen the end of this yet, expect more pain in the future.
One guy they interviewed said that, and I'm paraphrasing, "Yes, we have the situation contained - it seems be confined solely to Planet Earth."
Bullitt
Market Veteran
- Reaction score
- 72
Where it all began on that hot summer day with BSC's announcement that a hedge fund was in distress. I keep hearing that the bottom won't be in until some major players go under. Carlyle group is toast, and BSC might be as well. Love it or hate it, the bailout is necessary for the long run. Let's just hope there aren't any additional collapses on the horizon. I'm worried about Lehman and Merrill, but glad to see GS taking a hit for once.
http://biz.yahoo.com/ap/080314/bear_stearns_q_a.html?.v=1
Bullitt
Market Veteran
- Reaction score
- 72
Another crook busted. I hope that when this guy walked to his car after being fired, he fell flat on his face.
Basically, he told his high worth clientel that there were rumors the blackstone deal wouldn't go thru and advised they sell or sell short before he shorted ADS. His clients dumped shares, caused a selling wave, he covered, and at the end of the day the share price bounced back, but he made $$$$.
Berliner, who was shorting the stock to profit from the drop in price, made more than $25,000 before the shares recovered, according to the SEC.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCNlwKOZWNlk
