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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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From: Patrick Slevin12/4/2005 5:48:57 AM
   of 7434
 
A Short Story

THE DAY AFTER TOMORROW
what was, what is and what will be

Part 4: Helicopter Commander

by Jim Puplava

www.financialsense.com

Prelude

There would come a day that would be unlike any other day. There would be an event unlike any other event. It would precipitate a crisis unlike any other crisis before it. It would emerge out of nowhere at a time no one would expect. It would be an event that no one anticipated—a crisis the experts didn’t foresee. It would be an exogenous event—a rogue wave.

When the crisis arrived it caught market participants by surprise. Its arrival was swift and unexpected. Losses hit every sector. The devastation was encyclopedic in its breadth and utterly cataclysmic in its destruction. A financial nuclear chain reaction had been set in motion that rippled across every market and reached into every corner of the globe. It shook the very foundations of the global financial system leaving fear and destruction in its wake.

At the epicenter of this storm was the titanic hedge fund, WedgeBook Partners, and its captain J. Gordon Grecko. WedgeBook had $20 billion in equity.......

financialsense.com
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