|
|
 Up |
|
|
  |
|
|
|
Author: ltlee1ltlee1 Date: Sep 14, 2008 23:11
On Sep 15, 12:16 am, bakyimsing nomail.com> wrote:> How about china?
My comment is based on the following article.
http://www.marketwatch.com/news/story/lehman-crumbles-wall-street-turns/story.aspx...
"Was it almost 10 years ago when after the bailout of Long-Term
Capital Management when Federal Reserve Chairman Alan Greenspan waved
off lawmakers trying to rein in hedge funds?
Was it during the past five years when the rampant practice of
securitizing mortgages took responsibility out of the loan-making
game?
Was it the expiration of the uptick rule that allowed short sellers to
drop rumors like matches on the gasoline of market panic?"
Yes, yes, and yes. Behind these "yes" is moral irresponsibility.
"It's about time someone put moral hazard back on the industry. And
what's Wall Street doing with it? Punting, of course."
|
| Show full article (5.32Kb) |
|
| | no comments |
|
|
|
|
|
Author: ltlee1ltlee1 Date: Sep 15, 2008 04:46
On Sep 15, 7:31 am, "Albert K. Fung" hotmail.com> wrote:> 大吹法螺:
>
>> 格老：金融危機百年僅見[07:46]
>> 2008年9月15日
>
> ltlee:
>
>> A sign of moral vacuum.
>
> bakyimsing:
>
>
>
>
>
>> How about china?
>
>> 不單止是雷曼兄弟和美林﹐連AIG保險公司都死。
>> 問題是他們的房屋債卷資產如果跌幅過多﹐就要 ...
|
| Show full article (1.65Kb) |
| no comments |
|
|
Author: Albert K. FungAlbert K. Fung Date: Sep 15, 2008 04:51
> The "Chinese solution" ....
>
> At least on a temporary basis, lately appears to be gaining
> a bit of steam, as the full weight of the crisis on Wall St-
> reet is sinking in.
>
> Hopefully, cooler heads will prevail ....
ltlee:
> Well, may be the fed will reduce interest rate tomorrow.
> But today is going to be bad. Could be a 500 pt day.
As a short seller of the US markets ....
This humble netter would be delighted if the Fed is foolish
enough to declare a rate cut. It would certainly, albeit tem
-porarily, gives the market an upward jolt.
And, would give him a golden opportunity to "double-up". :)
This humble netter saw this coming, but did know when. He's
now bemoaning the fact that he did not made a ginormous bet
against the US markets on Friday.
|
| Show full article (1.28Kb) |
| no comments |
|
|
Author: ltlee1ltlee1 Date: Sep 15, 2008 05:06
On Sep 15, 7:51 am, "Albert K. Fung" hotmail.com> wrote:>> The "Chinese solution" ....
>
>> At least on a temporary basis, lately appears to be gaining
>> a bit of steam, as the full weight of the crisis on Wall St-
>> reet is sinking in.
>
>> Hopefully, cooler heads will prevail ....
>
> ltlee:
>
>> Well, may be the fed will reduce interest rate tomorrow.
>> But today is going to be bad. Could be a 500 pt day.
>
> As a short seller of the US markets ....
>
> This humble netter would be delighted if the Fed is foolish
> enough to declare a rate cut. It would certainly, albeit tem
> -porarily, gives the market an upward jolt.
> ...
|
| Show full article (1.52Kb) |
| no comments |
|
|
Author: Albert K. FungAlbert K. Fung Date: Sep 15, 2008 05:10
> As a short seller of the US markets ....
>
> This humble netter would be delighted if the Fed is foolish
> enough to declare a rate cut. It would certainly, albeit tem
> -porarily, gives the market an upward jolt.
>
> And, would give him a golden opportunity to "double-up". :)
ltlee:
> You like Russian Roulette.
> The SEC could easily expand the no short sale list to include non-bank
> institutes.
"Shorting" the market ....
Can be accomplished in myriad ways without touching the act-
ual shares or the indexes themselves. As a rule, this humble
netter prefers extreme leveraging to multiply the proverbial
bang for his bugs. In that regard, he is not that different
than the Wall Street brokers.
The Lehman's, the Merrill's .... :)
Regards,
|
| Show full article (0.91Kb) |
| no comments |
|
|
Author: ltlee1ltlee1 Date: Sep 15, 2008 05:20
On Sep 15, 8:10 am, "Albert K. Fung" hotmail.com> wrote:>> As a short seller of the US markets ....
>
>> This humble netter would be delighted if the Fed is foolish
>> enough to declare a rate cut. It would certainly, albeit tem
>> -porarily, gives the market an upward jolt.
>
>> And, would give him a golden opportunity to "double-up". :)
>
> ltlee:
>
>> You like Russian Roulette.
>> The SEC could easily expand the no short sale list to include non-bank
>> institutes.
>
> "Shorting" the market ....
>
> Can be accomplished in myriad ways without touching the act-
> ual shares or the indexes themselves. As a rule, this humble
> netter prefers extreme leveraging to multiply the proverbial ...
|
| Show full article (1.06Kb) |
| no comments |
|
|
Author: Albert K. FungAlbert K. Fung Date: Sep 15, 2008 05:20
> "Shorting" the market ....
>
> Can be accomplished in myriad ways without touching the act-
> ual shares or the indexes themselves. As a rule, this humble
> netter prefers extreme leveraging to multiply the proverbial
> bang for his bugs. In that regard, he is not that different
> than the Wall Street brokers.
>
> The Lehman's, the Merrill's .... :)
ltlee:
> Yes, they are all hedge funds.
Just a FYI ....
They are funds that are not hedged. Therein lies their woes.
They have large income statement, but, a tiny balance sheet.
Now that the water (economy) is receding.
They are caught swimming naked .... :)
Regards,
Albert K. Fung
Casa Tres Palmas, Santa Ynez, California, USA.
|
| Show full article (0.78Kb) |
| no comments |
|
|
|
|
|
Author: ltlee1ltlee1 Date: Sep 15, 2008 06:53
On Sep 15, 8:20 am, "Albert K. Fung" hotmail.com> wrote:>> "Shorting" the market ....
>
>> Can be accomplished in myriad ways without touching the act-
>> ual shares or the indexes themselves. As a rule, this humble
>> netter prefers extreme leveraging to multiply the proverbial
>> bang for his bugs. In that regard, he is not that different
>> than the Wall Street brokers.
>
>> The Lehman's, the Merrill's .... :)
>
> ltlee:
>
>> Yes, they are all hedge funds.
>
> Just a FYI ....
>
> They are funds that are not hedged. Therein lies their woes.
> They have large income statement, but, a tiny balance sheet.
> Now that the water (economy) is receding. ...
|
| Show full article (0.94Kb) |
| no comments |
|
|
|
|
