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To: stockman_scott who wrote (14953)	11/19/2002 7:50:07 PM
From: Lizzie Tudor	Respond to of 57684

hmm an interesting theory but I would say its flawed, because the term "hedge fund" really is a misnomer, most hedge funds don't really hedge to that degree... some don't hedge at all- they are unique in that they can hedge. The explosion in hedge funds in the late 90s really was more like an explosion in managed accounts... I am a member of a hedge fund but really its a private, agressive mutual fund... the designation for IRS purposes is "hedge fund" but thats just a technicality... I think we need different terminology. Lizzie

To: stockman_scott who wrote (14953)	11/19/2002 8:13:57 PM
From: Oeconomicus	Respond to of 57684

Interesting, indeed. Any idea if his "6000 hedge funds" figure is remotely accurate? BTW, the short interest ratio has been generally rising over the last year on both the Naz and NYSE, and spiking up sharply in September. Both pulled back in October, but remain significantly above year-ago levels. Actual numbers of shorted shares have also risen, though more significantly on the NYSE (just over 6 billion shares a year ago to around 8.2 billion last month). Bob