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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (5912)	8/10/2007 2:06:05 PM
From: wsw1	Read Replies (1) \| Respond to of 50503

cash is king

To: jim_p who wrote (5912)	8/10/2007 2:55:42 PM
From: jim_p	Read Replies (2) \| Respond to of 50503

The real question we should be asking is how many "money market funds" bought CDO's to get that little extra yield and are now wondering if they need to halt redemptions like some of the hedge funds have??? The next big question we need to ask ourselves is how many investors are going to cash out of their hedge funds between now and the deadline for this quarters redemptions on August 15th?? Whatever that number is you can multiply it by 10X to get the effect it will have on the market. Nothing like the good old days with a max margin of 30-50% A big down day today could spell black Monday?? Jim

To: jim_p who wrote (5912)	8/11/2007 10:29:09 AM
From: jim_p	Read Replies (2) \| Respond to of 50503

$339 BILLION dollars injected into the world's financial markets is just 48 hours, and the markets are still in turmoil???? That's 339 billion dollars of paper money that was created out of thin air. By definition that is inflation, but the central banks now need to balance the effects of inflation against the deflationary effects of a meltdown of the entire financial system. Can you say unf___ing believable?? The problem is we now have trillions of dollars of paper out there that no one can value (and no one will buy), and the even bigger problem is that no one will really know the real value for years to come. At least with LTC the financial system only had one institution to deal with and there was a real market for all of the securities they were holding. Today we have thousands of bag holders all over the planet and no one even knows who they are or how much the paper they are holding is worth because there is no market to sell them into. The number of hedge fund redemptions that are requested between now and August 15th is going to be incredible and no hedge fund is going to want to sit around and wait until the end of the quarter to start to sell securities to meet those redemption calls. In case no one has a calendar in front of them, that's the next three trading days. Next week should be very very interesting. Sell short the rallies and take profits during any panic selling, but most important stay net short the market. JMHO, Jim