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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (33766)11/16/1998 5:26:00 PM
From: SE  Read Replies (1) | Respond to of 94695
 
Gersh,

You going long and broadcasting it? You realize what you have done don't you?

It is your turn to be it, isn't it?

-Scott



To: Gersh Avery who wrote (33766)11/16/1998 5:56:00 PM
From: Hawkmoon  Respond to of 94695
 
Gersh, (or anyone else)

I have a question regarding the possible continued fallout from the LTCM debacle.

Interesting article detailing the history of LTCM in today's WSJ.

My question is:

Given that both Barron's and WSJ confirm that most hedge funds only permit their investors to redeem equity once a year, what are the possible ramifications should we see an outflow of capital from at least the most radical hedge funds similiar to LTCM(not necessarily bear funds)??

I understand that LTCM hasn't unwound its positions, but merely recapitalized them with the Fed orchestrated cash infusion.

Regards,

Ron




To: Gersh Avery who wrote (33766)11/16/1998 6:06:00 PM
From: Enigma  Respond to of 94695
 
Gersh - what if the money market funds go into bonds? Or just stay put as they might if we get a sharp sell off? I'm not at all convinced these things work according to Hoyle/Gersh. E



To: Gersh Avery who wrote (33766)11/17/1998 6:37:00 AM
From: William H Huebl  Respond to of 94695
 
Gersh,

Probably gonna get worse, not better today... meteor swarm. (Won't THAT upset Saddam's radar screens!!!)

If your pager goes bonkers and you can't get through your cell phone, a major satellite probably got blasted by one.

I agree... more down before up... at least for a couple of days or so.

Bill