Wipe out !
Started by
nimblebear
, May 20 2010 02:55 PM
No replies to this topic
#1
nimblebear
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- Traders-Talk User
- 6,062 posts
Welcome to the Dark Side !
Posted 20 May 2010 - 02:55 PM
Bill Gross: "Hedge Funds Liquidating To Preserve Capital"
Submitted by Tyler Durden on 05/20/2010 11:27 -0500
Bill GrossReuters
In case you needed confirmation of the wipe out you are seeing on your monitors, here comes Bill Gross. Just headlines for now via Reuters:
•GROSS: FINANCIAL MARKETS EXHIBITING "MINI RELAPSE" OF FLIGHT TO LIQUIDITY
•GROSS: HEDGE FUNDS AND OTHER LEVERAGED POSITIONS NOW LIQUIDATING TO PRESERVE CAPITAL
So you mean Prime Brokers allowing 5x leverage for 130/30s was actually a bad idea?
OTIS.
