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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: jaker who wrote (3753)	1/1/2007 3:19:47 PM
From: sammy™ -_-	Respond to of 6865

Amaranth hedge fund's collapse appears to be shallow but far-reaching. At least $6.5 billion was lost, as the fund kept doubling-down on a bet that natural gas would go up, and ran out of credit. So far the following pension funds have been affected, that I know of: San Diego, 3M, Caisse de Depot et Placement du Quebec (Canada's biggest pension-fund manager). The state of New Jersey, The state of Pennsylvania. The following investment banks find themselves a few 'millions' short: Goldman Sachs, JP Morgan, Credit Suisse, Merril Lynch. And for good measure, the hedge fund vendor Man Group. A lot of names, weren't in the above list... I tink the second wheel is already off but still unwinding. The economy is running like a Roman Chariot, it's dragging itself without wheels. The Horses are the Equity markets and Foreign Investors. Now we all know what happens if one of the horses take a fall... JMHO Housing collapse* Hedge Fund Collapse* Equity markets Foreign Investors HNY