Discussion in 'Trading' started by alientrader, Nov 14, 2007.
Worst is over...
Reminds me of the talking heads that said housing was going to bounce back 18 months ago, the sad thing is that its not bouncing back till at least 2010.
its not over...
looks like it.
was confused when i saw the headline "more writedowns from bear stearns" and the price up 8% ... it's come down a bit from the day's high. wouldn't be surprised if the market was negative at the end of the day and financials took the brunt of it. we did have quite a day yesterday and we should give some of that back today ....
10:32 BSC Bear Stearns: Follow-up on 10:26 and 10:29 WSJ headlines about fraud accusation (102.48 +1.61) -Update-
WSJ reports Massachusetts securities regulators filed an complaint accusing Bear Stearns of fraud for allegedly improperly trading with two in-house hedge funds that collapsed this summer. Regulators in the office of Secretary of State William Galvin say in the administrative complaint that Bear Stearns traded mortgage-backed securities for its own account with the hedge funds without notifying the funds' independent directors in advance. Advance disclosure of principal trades is required to make sure trades are fair for ionvestors. The failure of the two mortgage-related funds, Bear Stearns High-Grade Structured Credit Strategies Fund and High-Grade Structured Credit Enhanced Leverage Fund, cost investors $1.6 bln. Massachusetts believes it has standing on behalf of state residents invested in the funds.
Use your heads. "over". Yep. They always tell the truth.
Anyone else here buying strads on XLF?
Now lehman brothers saying that their entire subprime exposure is hedged???? HMMMMMMMMMM
oh yes, i believe everything they say ! who's ass are they trying to save ?? not your's.
saw it on cnbc flashing headlines
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