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As I understand it, if the fund had to liquidate their HUGE holdings in
TBonds, this would have depressed the market and caused great calamity in
the markets. Mr. Greenspan said this was to keep the markets from being
roiled. (Did this sound like we have to supply liquidity to Morgan
Stanley, Merrill Lynch, Goldman Sachs?) How do you get to be "to big to
fail"? Can I get the $214.75 back that I lost on my Barnes and Noble
short?
Al Taglavore
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> From: Guy Tann <grtann@xxxxxxxxxxx>
> To: Metastock <metastock@xxxxxxxxxxxxx>
> Subject: Hedge Funds - Help!
> Date: Friday, September 25, 1998 7:42 PM
>
> To All:
>
> Since I'm just an ignorant futures trader, I need help from all of you
> experts to understand what in fact a hedge fund is, how it works, why a
> bunch of banks had to take that one over the other day, why the market
would
> think this is good or bad, and why our banks have a potential trillion $
> exposure to other hedge fund losses (based upon the talking heads)????
>
> Is this just another thing I have to worry about? It's not enough I
worry
> about what those idiots are doing in Washington, the problems in Asia,
> Russia, Central & S. America and Mexico. Now I have to worry about hedge
> funds, bailing them out and the exposure to our banking system.
>
> Thanks
>
> Guy
>
>
>
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