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Thought Citi and ML were pushing it in terms of new spending? http://deltahedged.com/?p=230
It's not just ebay: http://deltahedged.com/?p=169
I prefer to call it an OPEC freak out. And now, Russia might be more screwed than they already are. http://deltahedged.com/2008/12/17/opec-agrees-that-it-intends-to-cut-oil-production/
So is this a temporary drop, or signs of more to come? I think returns will continue to dry up into the new year, firms will continue to suffer, and layoffs will continue. http://deltahedged.com/
Yes, OPEC is just gritting its teeth right now. http://deltahedged.com/2008/12/17/opec-agrees-that-it-intends-to-cut-oil-production/ And just as everyone forgot about the automakers (thanks 0% rates), the White House pulls everyone right back in.
Bad news either way. Can't say anyone should be surprised. Bank tellers don't get big bonuses. http://deltahedged.com/
I don't recall a section on the Series 7 or 63 about Ponzi Schemes... (http://deltahedged.com/)
@2, good point on the hedge fund IPOs. But there are more! FIG, OZM...they're all looking real good. And who was one of the lead hedge fund bankers making millions in the process? Erin Callan, of course (who also coincidentally exercised her LEH options above 20 cents). Not that I believe in conspiracy theories... http://deltahedged.com/