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November 13, 2008
Hedge-Fund Assets Shrink by $100 Billion! That's why everything has gotten cheaper. No more Hedge Funds driving up prices!
Hedge-Fund Assets Shrink by $100 Billion Last Month (Correct)
http://www.bloomberg.com/apps/news?pid=20601082&sid=a3zlQNOLh.do&refer=canada
"The biggest market losses since the Great Depression and investor withdrawals hurt the $1.7 trillion hedge-fund industry that manages largely unregulated pools of capital. The index of global funds has lost 11 percent this year, set for the worst performance since 2000 when Eurekahedge began tracking the data"
Come on down! The price is right!
Comments
Yoo Hoo Dave... This tread is for you. Let's see you and your Ass-mate Biff hijack this.
The What (Hee Hee)
Someday this war is gonn end..
Posted by: Return of The What at November 13, 2008 11:10 AM
OMG....they've lost 11% this year!!!!! The S&P 500 is down 42%. Ya think maybe the industry as a whole is actually doing its job.
Assets shrunk by $100 B ....that's a whopping 5.8% of the stated $1.7 TRN.
The sky is falling. The sky is falling.
DON'T YOU EVEN READ YOUR OWN CUT-AND-PASTE BEFORE YOU COMMENT?????????????????
REFUTE THAT MATHEMATICAL ANALYSIS WITHOUT CALLING ANY MORE NAMES.
Maybe you wish you had enough assets to have some money in some hedge funds instead of your market indexed mutual funds.
Posted by: daveinbedstuy at November 13, 2008 11:20 AM
I think that the analysis of the data that I explained above ends this thread as well.
Time for a nice expensive lunch. Afterall as I pointed out in another thread, it is white truffle season.
Posted by: daveinbedstuy at November 13, 2008 11:23 AM
"Yoo Hoo Dave... This tread is for you. Let's see you and your Ass-mate Biff hijack this."
What, you really do have multiple personalities. You tell derwood to ignore us in derwood's thread earlier today, in which you said the following.
"Ignore them and maybe we can get some real discussion going on."
"I wonder why you Asshats come to thread that discuss the MAB just stay away."
Posted by: Biff Champion at November 13, 2008 11:31 AM
"Yoo Hoo Dave... This tread is for you."
I thought we were talking about shoes in the H&M thread!
Posted by: Biff Champion at November 13, 2008 11:33 AM
"Yoo Hoo" sounds like sissy talk What.
Biff... that's "Thread" but with a Caribbean accent.
Posted by: daveinbedstuy at November 13, 2008 11:35 AM
Mr What have you seen this little gem about GE receving FDIC protection? Talk about socializing corporate losses!
http://www.reuters.com/article/ousiv/idUSTRE4AC0JJ20081113
Posted by: bridges at November 13, 2008 11:41 AM
This quote from the Bloomberg article is interesting:
``As both hedge-fund managers and fund of funds scramble to meet client redemptions, one thing is clear: the industry is going to shrink substantially over the coming months, perhaps as much as 50 percent in terms of both assets under management and number of funds,'' said Kostas Iordanidis, head of hedge funds at Geneva-based Unigestion Holding SA, which invests $3.2 billion in hedge funds worldwide.
Posted by: theandrewlee at November 13, 2008 11:48 AM
i think we should turn this thread into more interesting topics..white truffle, lunch, chocolate, lattes.
The hedgies are too smart for the rest of us..and they are insulated from these losses just like NYC real estate hahaha
Posted by: derwood at November 13, 2008 11:56 AM
"Mr What have you seen this little gem about GE receving FDIC protection? Talk about socializing corporate losses!"
GE has a large credit position in the markets and BTW They are a big defense contractor. Everybody is stealing what they can before Obama takes office.
Hey Dave here ya go! The hits just keep on coming!
Goldman's Pay Will Be `Dramatically' Hit by Crisis (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=avw9TxHBZdkQ&refer=home
``Employee compensation will be dramatically affected by changes in the overall economic and financial environment and our performance for the full year,'' Gregory Palm, a general counsel at the New York-based investment bank, said at a hearing led by U.S. Senator Christopher Dodd, a Connecticut Democrat."
Translation: No more lattes and Brownstones in the Ghetto. Buh bye Dave...
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 12:04 PM
Oh No.. Citigroup is being taken to the woodshed. The Hitman has the silencer pointed at its head. Buh Bye Citigroup...
http://finance.google.com/finance?q=NYSE:C
Citi directors looking to replace chairman
http://www.reuters.com/article/newsOne/idUSTRE4AC1B120081113
(Reuters) - Some directors on the Citigroup Inc board are considering a move to replace chairman Win Bischoff as they are dissatisfied with the company's performance, the Wall Street Journal said, citing people familiar with the matter.
Golden Rain eh.. I mean parachute.
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 12:10 PM
'i think we should turn this thread into more interesting topics..white truffle, lunch, chocolate, lattes.'
derwood, you called?
I heard hijack and came looking for my accomplices.
Posted by: bayridgegirl at November 13, 2008 12:12 PM
Biff, should be continue our conversation from late yesterday?
That'll knock these losers out for a while.
Posted by: bayridgegirl at November 13, 2008 12:13 PM
BRG, absolutely. Where did we leave off?
Posted by: Biff Champion at November 13, 2008 12:15 PM
that seems to be the strategy that works best..bore'm to death! way to go! prove yourselves irrelevant!
Posted by: derwood at November 13, 2008 12:17 PM
"The hedgies are too smart for the rest of us..and they are insulated from these losses just like NYC real estate hahaha"
- derwood
"Translation: No more lattes and Brownstones in the Ghetto. Buh bye Dave..."
- The What
Wow, such haters. Can't stand the thought we have our money and our brownstones and they've got squat. Nothing better to do than root against us. Sorry you two; ain't gonna happen...but if you behave, maybe we'll let you both spend a night in the servant's quarters.
Posted by: Biff Champion at November 13, 2008 12:19 PM
Hey What...no comment on my first post?? Can't understand the math (maths for you Brits)?
Posted by: daveinbedstuy at November 13, 2008 12:20 PM
"that seems to be the strategy that works best..bore'm to death! way to go! prove yourselves irrelevant!"
Actually you've bored us to death, douchewood. Notice how everyone jumped ship as soon as we left and you spoke up again?
Posted by: Biff Champion at November 13, 2008 12:21 PM
I don't dislike the what because he's arrogant and rude. I dislike him because his arrogance and rudeness is just soooooooo $%#%ing boring and predictable.
Posted by: Johnny at November 13, 2008 12:22 PM
Johnny, agreed. It's the same thing over and over. At least we rotate the discussions between white truffles, lattes and Mill Basin Mansions!
Posted by: Biff Champion at November 13, 2008 12:25 PM
Biff, you keep talking to 'them' and I'll try to distract you with bonbons and lattes.
Yes, where did we leave off....you tell me.
Posted by: bayridgegirl at November 13, 2008 12:25 PM
BRG, you've got great bonbons. And apparently I have great bon mots!
Posted by: Biff Champion at November 13, 2008 12:28 PM
http://online.wsj.com/article/SB122644737388318949.html
yo What you check out this article yet?
You guys dont have to bother, I'm just an idiot posting.
Posted by: derwood at November 13, 2008 12:35 PM
BOOOOOOMMMMMM, I wrote that this market would turn down at 9600 on the DOW and again I am correct. You guys better start listening to me. House market is next, 6-12 months and you will see at least a 20 percent reduction in all Manhattan and Brooklyn Properties. Interest rates seem to have to go up since China will now start selling US bonds. This may just be the beginning. The stock market will stop falling if we can test the 750 sp 500 range and move up strong. This in turn will start another short term bull market. But this will be the mother of all fakesssss.... My brooklyn heights townhouse for 800 k seems closer to reality..
Posted by: HOBOKENROCKS at November 13, 2008 12:35 PM
"You guys dont have to bother, I'm just an idiot posting."
We won't, don't worry. And yes, you are.
Posted by: Biff Champion at November 13, 2008 12:37 PM
One thing most are not getting. This deflation is actually good for the people who already have money. If you are leveraged at this time deleverage. If your in cash and own a home you love than there is no problem for the USA and the rest of the world is hard at work making our dollars worth less. Inflation may or may not come but right now deflation is what we have and being in cash is great now. If you can sell a property sell it now. If you are happy keep it for happiness is always better than money..
Posted by: HOBOKENROCKS at November 13, 2008 12:40 PM
hoboken you are not talking nicely!! behave..eat bonbons drink latte and baaah like the rest of the sheeple..China still has a shit load of capitol they don't have to sell our crap just yet, but they definitely will, give them 6 months of no exports and they will be dumping those treasuries..i see the dow more like 6300.
Posted by: derwood at November 13, 2008 12:43 PM
derwood i actually see the dow at 3000-4000 unless we can get inflation on the table and deflation. If deflation stays on the table than we go down. This all depends on how fast the money from the Tarp is handed out. And how fast the government realizes they need to put another 500-900 billion into the problem at least. Deflation stays as long as everyone stays overleveraged. The banks are getting help from the government to get their capital ratios up but what are they doing for the regular people. Huge tax cuts for the middle income must be provided. Tax cuts on purchases of homes and on companies that hire. Consumers are overleveraged and their is nothing that can be done about it so the consumer is gone. The force of reflexivity is taking place and the downward spiral only becomes harder to stop the longer you wait.
Posted by: HOBOKENROCKS at November 13, 2008 12:50 PM
Sheesh, douchewood, if you're going to try to sound like you know something, PLEASE use the correct word "capital" and not "capitol" you MORON!
Posted by: Biff Champion at November 13, 2008 12:50 PM
We broke support this market is heading down. November 15th should be a day we test 750 on the SP 500. We will see...
Posted by: HOBOKENROCKS at November 13, 2008 12:54 PM
"Interest rates seem to have to go up since China will now start selling US bonds. This may just be the beginning. "
That's the China Syndrome T- 7 weeks!
"yo What you check out this article yet?
You guys dont have to bother, I'm just an idiot posting."
Yeah derwood and guess what? Lots of rich Asshats got served in the last month.
Derwood just chill. I say very soon the gates of hell is going to swing wide open! You plenty of Asshats with their fingers in the ears going Na Na Na but the Piper is standing behind them with a AK 47. The Mutant Asset Bubble has collapsed and we are waiting for the gravity to suck them in...
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 12:56 PM
"We broke support this market is heading down. November 15th should be a day we test 750 on the SP 500. We will see..."
That's Hedge Fund redemption day!! Yippee!!! That Douche Dave will be out of a job!!!
Fuck all of them!
The What
Someday Dave is gonna end..
Bring in the fake What now!!!
Posted by: Return of The What at November 13, 2008 1:10 PM
We should test Friday or Monday. The 15th is a Saturday. Once we test and don't break thru I think the market is a buy. And a strong buy at that. But don't get too happy its the mother of all fakes. Be carefulllllllll.
Posted by: HOBOKENROCKS at November 13, 2008 1:13 PM
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Posted by: Biff Champion at November 13, 2008 1:16 PM
HOBOKEN dead on..100% right..My concern is the big O seems to have a particularly bad taste for business. you snuff out business I don't see how the hell we get out of this!
oh b4 i forget on November 15 we should like totally go out to some great coffee house and like jam our faces with biscotti that would be Awesome!! we can use our spell checks and grammar checks and feign intelligence as we sip our lattes!!yes we can!
Posted by: derwood at November 13, 2008 1:18 PM
November 13:
Oh boy, we get to see our rich enemies lose everything.
November 17:
Hey wait a minute! How come they're still rich and we got nothin'??
You'll be serving us our biscottis forever, losers.
Posted by: Biff Champion at November 13, 2008 1:25 PM
"oh b4 i forget on November 15 we should like totally go out to some great coffee house and like jam our faces with biscotti that would be Awesome!! we can use our spell checks and grammar checks and feign intelligence as we sip our lattes!!yes we can!''
Oh wee!! Can I wear my tight-assed H&M pants?? Please please please!!! I want to hear my nuts scream! I gonna shave my head and wear big rim glasses, oh we are gonna have so much fun..
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 1:25 PM
"Categories: Fire" [@ header]
I can't get enough of your category names, What. You're a wild dude.
Posted by: DOW8000SP800 at November 13, 2008 1:32 PM
like totally WHAt!!! you wear the nutsqueezers and Ill wear my abercrombie..NICE..
Posted by: derwood at November 13, 2008 1:34 PM
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
The Three Stooges, but not as funny!
Posted by: Biff Champion at November 13, 2008 1:37 PM
And the two of you can play "leap frog" with each other.
Posted by: daveinbedstuy at November 13, 2008 1:38 PM
try your counting again biff i think you can make it to 4 now. do you even know what you are defending or what you are talking about..any clue?
Posted by: derwood at November 13, 2008 1:42 PM
Dave what do you think about the market at this point? Do you believe we test the 2002-2003 lows of the market. I do. I would love to see a great big sell friday morning. I would sell my SDS and buy Synaptics and others.. What are you looking at? The market is rallying but I am going to get greedy just for this one time and stay short. Yea I know usually a bad move.
Posted by: HOBOKENROCKS at November 13, 2008 1:43 PM
"try your counting again biff"
Ok, good idea...
douchewood + What + Dow = three stooges.
Yes, I was right again!
Posted by: Biff Champion at November 13, 2008 1:45 PM
hoboken..he seems to have brain. that makes 4
Posted by: derwood at November 13, 2008 1:48 PM
"Dave what do you think about the market at this point? Do you believe we test the 2002-2003 lows of the market. "
Here let me help you HOBOKENROCKS. Right before Thankstaking we are going to crash thru the 2002-2003. There is no more support after that all down hill!
The What
Someday this war is gonna end..
Posted by: Return of The What at November 13, 2008 1:48 PM
biff please ADD content!!
Posted by: derwood at November 13, 2008 1:49 PM
HOBOKEN...buy FXI and short FXP and EEV on the rally. China always acts as an option on the US. FXP & EEV should be up today and they are not. EUR/JPY is likely to test 116 again and then rally to above 122...a clear sign that people are going to increase their risk appetite.
Also, I bought it last week at higher prices but we are soon going to see a cold snap just as we do every winter...buy PGH..it yields 29% on today's price.
Posted by: daveinbedstuy at November 13, 2008 1:51 PM
"like totally WHAt!!! you wear the nutsqueezers and Ill wear my abercrombie..NICE.."
Owwww I found my girlfriend leather jacket and I'm wearing my cowboy boots!
Aww I'm so edgy...
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 1:52 PM
the what if that happens I wouldn't be surprised. But it would be the biggest money making oppurtunity ever. Either way I like volatility.... If we don't have a good down day on Friday than we go up again for the short term..
Posted by: HOBOKENROCKS at November 13, 2008 1:53 PM
If its being discussed here on brownstoner, the market surely has already discounted friday!!! All this crap about nov 15 being 45 days from the end of september has nothing to do with the actual volume traded on any particular day. it's a "day of record" so to speak for withdrawal notifications. If anything if there's a big swhoosh of cash out of hedge funds its more likely to have an effect on the Treasury market than anything else.
Posted by: daveinbedstuy at November 13, 2008 1:58 PM
"biff please ADD content!!"
douchewood, remember when you said around 200 posts ago that you would ignore me? You do realized I've trolled you into mentioning me in over half of those posts, right? Tell me you're not that stupid, please!
Posted by: Biff Champion at November 13, 2008 1:58 PM
You better be careful HOBOKENROCKS. Don't go out into the water far or Jaws will see you.
I'm waiting untl 2011 to start buying again.
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 2:00 PM
"hoboken..he seems to have brain. that makes 4"
HOBOKENROCKS does indeed have a brain. That leaves douchewood, What, and DOW as the Three Stooges.
Please try to follow along, douchewood.
Posted by: Biff Champion at November 13, 2008 2:00 PM
Dave you are probably right but I want to see what happens with Bush speaking today. He usually gets a nice drop after he speaks
Posted by: HOBOKENROCKS at November 13, 2008 2:00 PM
"Thankstaking!"
Hey, that's close to the words I said to your sister after plowing her What, "Thanks, Skanky"
Posted by: Biff Champion at November 13, 2008 2:01 PM
I hope you used a condom for your sake Biff.
Posted by: daveinbedstuy at November 13, 2008 2:04 PM
"Hey, that's close to the words I said to your sister after plowing her What, "Thanks, Skanky""
Biff you are too light in the ass to bang my sister! Believe me! You are a tofu eating latte sucking asshat and she is a big black beautiful woman. You are no match for her...
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 2:05 PM
Yeah Biff...What can talk about peoples' mothers but you can't talk that way about his sister even though it was he who brought her and her Merrill job into these discussions a few weeks ago.
As long as she didn't also inherit the family skanky asshat gene, she too is probably a tofu eater and a latte sucker. I'm sure she is if she's at Merrill and has any kind of job of any importance.
Posted by: daveinbedstuy at November 13, 2008 2:15 PM
The only problem I see is that market lows are usually made on huge amounts of fear and usually early in the morning and with huge volume. November 15th is the last redemption for hedge funds and who in their right minds would be buying huge right now. I hear most hedge funds are ready for the redemptions and if they don't get them than we can see a big spike in the market. The chart on the sp 500 for the last 30 minutes looks bullish .
Posted by: HOBOKENROCKS at November 13, 2008 2:16 PM
Most hedge funds know at least 30 days in advance what redemptions are going to be...its a non-issue from a trading standpoint.
Posted by: daveinbedstuy at November 13, 2008 2:23 PM
"The only problem I see is that market lows are usually made on huge amounts of fear and usually early in the morning and with huge volume. November 15th is the last redemption for hedge funds and who in their right minds would be buying huge right now. I hear most hedge funds are ready for the redemptions and if they don't get them than we can see a big spike in the market."
The spikes are short covering. The Dow has gone up 200+ points in seconds and there will be Margins calls coming up. Next week will be very interesting....
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 2:24 PM
There aren't margin calls on up days fool.
Posted by: daveinbedstuy at November 13, 2008 2:28 PM
wow this market moves fast, had to sell my position, the chart started looking bullish so i had to sell.. When you get greedy you always lose. Even though I did really well I lost about 25 percent from the top of my gain
Posted by: HOBOKENROCKS at November 13, 2008 2:32 PM
"wow this market moves fast, had to sell my position, the chart started looking bullish so i had to sell.. When you get greedy you always lose. Even though I did really well I lost about 25 percent from the top of my gain"
See.. Look what happen!!!
"There aren't margin calls on up days fool."
Hey Assfuck Hedge Funds are getting request NOW!!!!!!!!!!!!!!! There are selling everything to get the Piper his money...
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 2:37 PM
"she too is probably a tofu eater and a latte sucker."
True enough, DIBS, she was up sucking me latte last night.
Posted by: Biff Champion at November 13, 2008 2:38 PM
Biff please I trying to change my image here and you are not helping matters. If you don't have anything constructive to say them leave me alone. I'm not cursing and I'm being civil..
The What
Someday this war is gonna end...
Posted by: Return of The What at November 5, 2008 9:13 AM
Posted by: Biff Champion at November 13, 2008 2:41 PM
"Biff you are too light in the ass to bang my sister! Believe me! You are a tofu eating latte sucking asshat and she is a big black beautiful woman. You are no match for her..."
Don't you mean "a big black beautiful SOON TO BE UNEMPLOYED woman"?
Posted by: Biff Champion at November 13, 2008 2:43 PM
Hope this market goes up I would really like to short it again. China holds our futures in its hands. They sell those treasuries while the USA is trying to sell them than the bond market will implode. Interest rates will skyrocket. And I am thinking of a good way to short all this... HMMMM
Posted by: HOBOKENROCKS at November 13, 2008 2:43 PM
HOBOKENROCKS you are in a secular bear market! You need to be very carful and have short stops long/short in your positions. The data is not to be trusted and you will have to use your instincts in trading. Good luck I hope this helps..
The What
Someday this war is gonna end...
Posted by: Return of The What at November 13, 2008 2:48 PM
What we are in a long term bear. And as much as I tell myself not to get greedy I still sometimes do so. I am going to try to listen to that part of the brain that says don't get greedy ,more often... One thing that is sure is that when the market hits close to 1000 on sp 500 or 9600 on the dow its time to short it..
Posted by: HOBOKENROCKS at November 13, 2008 2:56 PM
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