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To: Kevin Podsiadlik who wrote (4638)12/12/2008 10:27:52 AM
From: cubsfan  Respond to of 6370
 
Just what I was thinking.

Perhaps when the fallout from Madoff is known, we'll have
a different reaction. I am stunned that the market is
shrugging it off like "oh well".



To: Kevin Podsiadlik who wrote (4638)12/12/2008 10:35:27 AM
From: RockyBalboa  Respond to of 6370
 
Yes and the short stuff like SRS turned red on this.... SRS traded some pieces at 114 pre hours. Still the market is not running so far, recently.



To: Kevin Podsiadlik who wrote (4638)12/12/2008 10:56:06 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
Madoff sold a lot of equity market neutral fund called "Primeo Select", as well as Herald Fund. Must be several billions ot ouf European coffers.
The fund showed a 7% return with practically zero volatility.

So far, the authorities in Europe are still sleeping and not investigating the banks involved with Madoff. This will change.



To: Kevin Podsiadlik who wrote (4638)12/12/2008 3:28:44 PM
From: RockyBalboa  Respond to of 6370
 
Goldilocks time: Stocks recover; Treasuries recover.



To: Kevin Podsiadlik who wrote (4638)12/23/2008 1:15:46 PM
From: RockyBalboa  Read Replies (2) | Respond to of 6370
 
First dead bodies are floating in the madov case:
>>>>>>>>>>>>>>>>>>>
Madoff Fund Operator De La Villehuchet Found Dead in New York
Email | Print | A A A

By Saijel Kishan and Katherine Burton

Dec. 23 (Bloomberg) -- Thierry Magon de La Villehuchet, who ran a fund that invested with Bernard Madoff, was found dead at his Madison Avenue office today, a New York City police officer at the scene said. The death appeared to be a suicide, he said.

De la Villehuchet, 65, was a founding partner and chief executive officer of Access International Advisors, according to a marketing document. Access invested $1.4 billion with Madoff, who was arrested on Dec. 11 for allegedly running a $50 billion Ponzi scheme.

Access’s LUXALPHA SICAV-American Selection invested solely with Madoff, the company said. Access said last week that it was working with lawyers to assess the situation. No one answered the phone at the company today. A call to his home wasn’t returned.

To contact the reporters on this story: Saijel Kishan in New York at skishan@bloomberg.netKatherine Burton in New York at kburton@bloomberg.net
Last Updated: December 23, 2008 12:48 EST