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A couple of questions I know this group can easily answer:
Meriwether of LCTM is the same guy that supposedly challenged the CEO of
Salomon to a 10 million dollar game of liar's poker, as related in the book
Liar's Poker by Michael Lewis, right?
I don't know a lot about futures or the COT report, I do equities, but the
large commercials seem to be more net short the bond than they have been in
years. And the cash price is as high as it ever was. What might the
commercials motivation be? Hedging a long cash bond position? And LCTM was
maybe short the cash bond? And these same commercials are funding LCTM?
Except for this list, I haven't read much informative about what LCTM was
doing. Barron's said they had leveraged bond, currency, and equity bets.
Could these be out and out bets, or would a hedge fund like LCTM primarily
do spreads as seems to be intimated here on the list? Can someone recommend
a good article concerning these purported positions? I realize LCTM is as
closed mouth as possible about their positions.
Thanks,
David
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