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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Paxb2u who wrote (42824)	8/8/1999 10:34:00 PM
From: pater tenebrarum	Respond to of 94695

Peter, the fact that the Yen carry trade is now already heavily under water in itself ensures a further slide in the buck, as more and more of these trades are unwound. the exposure of the hedge funds is by all accounts phenomenal, as multiple leveraging of funds is practiced. the Tiger hedge fund alone, with an estimated net asset value of $22 bn. at it's peak (a lot less by now i suppose) is said to have market exposure of $650 bn. i shudder to think of the consequences of one of these giants floundering.