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FRIDAY NOVEMBER 07
Hedge Fund Havoc As Investors Freak Out On the heels of steep drops in oil prices and the biggest two-day decline on the Dow since Oct. 20 – and let’s be honest, considering the kind of trading we’ve seen lately, that’s really saying something – hedge funds are increasingly being fingered as the culprits. (Or rather, their tendency to offload billions worth of securities to meet cash and collateral demands is being viewed as disruptive.) Much of the blame is being pinned on one fund in particular (as detailed in this story). But, for the record, we’d just like to point out that if investors weren’t such infernal, yellow-belly ‘fraidy cats, no one would’ve ended up in this position. As one cabbie wisely pronounced to us: “I think people just need to relax and get on with it.” Our sentiments exactly. November 2008New User?Sign up to get free access to TraderDaily.com
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