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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (63748)5/11/2005 5:19:59 AM
From: energyplay  Read Replies (1) | Respond to of 74559
 
As of Tuesday afternoon, Jim Cramer reported that the best estimate of losses to hedge funds from the GM trade problems was in the single digits - meaning 1-9 Billion USD.

Big question is - are there more problems, possibly getting to LTCM size (> 100 Billion ) or is that pretty much it ?

My guess is we won't know until maybe Monday afternoon, unless the damage is small- then we might find out late Thursday or early Friday.


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