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THURSDAY MARCH 27
Hoping For Merrier Weather John Meriwether of LTCM and “Liar’s Poker” fame has fallen again on hard times, as his largest hedge fund, a bond portfolio, sheds 28% if its value so far this year and a lesser fund drops 6% after lukewarm returns last year. While he’ll have to scramble to keep investors from bailing out by the Monday deadline, we suspect this 60-year-old former vice chairman of Salomon Brothers and one of the best-known traders on Wall Street has seen enough market mayhem over the years to weather this storm. That said, even he admits the risks are too high to embrace many of the amazing buying opportunities he’s now seeing. Click here for more pearls from the man whose bank account we wish had our name on it. March 2008New User?Sign up to get free access to TraderDaily.com
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