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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.33

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Nov 18 4:00 PM EST

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To: TobagoJack who wrote (54339)	9/1/2009 3:56:08 AM
From: Snowshoe	Read Replies (2) of 217860

Fluttering eyelash alert... ;) SEPTEMBER 1, 2009 Accumulators Are Collecting Fans Again By LAURA SANTINI HONG KONG -- An infamous destroyer of Asian wealth is making a surprise comeback. Financial derivatives known as accumulators generated controversy last year after wiping out enormous sums among high net-worth individuals in Asia. Now, bankers say private-wealth managers at Citigroup Inc., UBS AG, HSBC Holdings PLC and other firms are back to selling stock accumulators. The return of the accumulator -- dubbed the "I kill you later" for the financial pain these investments inflicted when markets went south last year -- reflects how rapidly the appetite for risk globally has recovered as investors bet that the worst of the economic downturn is over. memo: online.wsj.com

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