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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (57057)	10/18/2002 6:11:13 PM
From: reaper	Read Replies (2) of 209892

god these Briefing guys are morons... 2:47PM More on the Beacon Hill news : On the subject of the Beacon Hill news (14:16), our bond analysts say that this is nothing to get extremely excited about; 50% losses of $400 mln implies an $800 mln fund, which isn't very big; if $400 mln has to be liquidated, the bond mkt should not react in any significant fashion. For comparison, there is talk that mortgage hedgers have to sell $20 bln in 10-yr product per 10 bp of a rise in yield, and we have moved over 50 bp higher in the last week, which works out to about $100 bln in sales. how do these farking idiots think a $800mm fund invested in BONDS lost FIFTY PERCENT of its equity value in a MONTH?? maybe they were LEVERAGED?? like maybe to the tune of 30-40:1? the Beacon Hill guys have a hell of a lot more than $400mm of paper to liquidate. geez, do they make these guys even take community college finance classes before they are allowed to write copy for that friggin' site? Cheers

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