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To: TFF who wrote (10419)7/31/2002 12:17:38 PM
From: LPS5  Read Replies (1) | Respond to of 12617
 
'Hedge funds are momentum players - they have their computer trading programs and, bang, they keep putting them in and it exacerbates the direction of the market,' said Mr Brian Finnerty, a strategist at money management firm Melhado, Flynn.

ROFL.



To: TFF who wrote (10419)7/31/2002 2:50:17 PM
From: Eric P  Respond to of 12617
 
As traditional buy-and-hold investors flee the worst stock market in a generation, hedge funds have moved to the fore, deploying riskier and more exotic trading methods.

The result is a highly skittish market, prone to bursts of buying and selling that whip prices into sharp swings, according to traders and brokers.


Sounds like "daytraders" are now off the hook. After a couple of years of "daytraders" being the ones responsible for all of the markets ills, it appears that the new designated victim of the finger pointers are the awful hedge funds! We need to regulate those nasty guys!!! LOL

-Eric