about this to convince me the bottom is in.
I think the stocks that did best will do the worst over the st as momo hedgies take their profits and raise cash reserves. Once this makes the evening news these same stocks will be great buys.
http://www.ibtimes.c...hedge-funds.htm
The elephant in the room.
Started by
securelstmile
, Aug 11 2007 09:42 AM
3 replies to this topic
#1
securelstmile
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Posted 11 August 2007 - 09:42 AM
The harder I work, the luckier I get.
#2
Sentient Being
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Posted 11 August 2007 - 12:16 PM
Interesting. The good stocks getting taken out to the woodshed to help cover for the crap.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#3
humble1
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Posted 11 August 2007 - 12:36 PM
caveat about one of the so-called solid, liquid companies which is getting sold to raise cash. i am thinking of GE. there may be more to it than we are hearing. there was an allusion to "some" large tripA companies who need to roll commercial paper and other corporate debt.
remember: GE's tripA credit rating, which some have been suspicious about, has allowed it to do a LOT of sub-prime lending. i will be VERY surprised if GE is able to get out of this without significant write-offs and earnings damage. remember way back when penn central suddenly had big trouble and melted down becuase when they went to roll there wasn't anyone there and they rolled right off the cliff ?.
