>> "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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