Group: soc.culture.hongkong · Group Profile
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.
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