Home › Forums › Financial Markets/Economics › ABX indexes continue to crater
- This topic has 56 replies, 16 voices, and was last updated 16 years, 9 months ago by
Allan from Fallbrook.
-
AuthorPosts
-
July 17, 2007 at 6:28 PM #66275July 17, 2007 at 7:21 PM #66217
bsrsharma
ParticipantReuters obtained a copy of the letter provided to investors today:
“The preliminary estimates show there is effectively no value left for the investors in the Enhanced Leverage Fund and very little value left for the investors in the High-Grade Fund as of June 30, 2007,” according to the letter. A copy of the letter was obtained by Reuters …
“The losses reflected “unprecedented declines in the valuations of a number of highly-rated (AA and AAA) securities,” the letter said.
Update: BSC is down nearly 4 percent as this post is updated in after-hours trading.
Question: What do you think is the probability BSC may collapse? If it does, will that be a “Black Swan” event?
July 17, 2007 at 7:21 PM #66281ParticipantReuters obtained a copy of the letter provided to investors today:
“The preliminary estimates show there is effectively no value left for the investors in the Enhanced Leverage Fund and very little value left for the investors in the High-Grade Fund as of June 30, 2007,” according to the letter. A copy of the letter was obtained by Reuters …
“The losses reflected “unprecedented declines in the valuations of a number of highly-rated (AA and AAA) securities,” the letter said.
Update: BSC is down nearly 4 percent as this post is updated in after-hours trading.
Question: What do you think is the probability BSC may collapse? If it does, will that be a “Black Swan” event?
July 17, 2007 at 7:45 PM #66221LA_Renter
ParticipantI have been reading this guy’s post lately, he’s good. This is his take on the Bear Stearns debacle
July 17, 2007 at 7:45 PM #66286ParticipantI have been reading this guy’s post lately, he’s good. This is his take on the Bear Stearns debacle
July 17, 2007 at 7:52 PM #66223eyePod
Participant“tranche” is correct
July 17, 2007 at 7:52 PM #66288Participant“tranche” is correct
July 17, 2007 at 8:04 PM #66225ParticipantTomorrow should be interesting!
Anybody wants to guess when the Canadian $ may pass US $?
July 17, 2007 at 8:04 PM #66290ParticipantTomorrow should be interesting!
Anybody wants to guess when the Canadian $ may pass US $?
July 17, 2007 at 9:02 PM #66229JWM in SD
ParticipantLA renter,
That is the same K_Denniger that posts frequently on the CFC yahoo message board. He is short CFC and the longs there hate him….because he is right.
July 17, 2007 at 9:02 PM #66294ParticipantLA renter,
That is the same K_Denniger that posts frequently on the CFC yahoo message board. He is short CFC and the longs there hate him….because he is right.
July 17, 2007 at 9:07 PM #66236ParticipantHe does drive them crazy, he did the same thing on AHM and just nailed it. Now he has also been wrong but I really enjoy his posts. He has some keen insight into the financial markets.
July 17, 2007 at 9:07 PM #66300ParticipantHe does drive them crazy, he did the same thing on AHM and just nailed it. Now he has also been wrong but I really enjoy his posts. He has some keen insight into the financial markets.
July 17, 2007 at 9:14 PM #66237ParticipantBy the way the dollar is just crumbling right now. I imagine Ben will come out swinging against inflation tomorrow, at least with words. It should be good theater with this Bear Stearns debacle as a back drop.
July 17, 2007 at 9:14 PM #66302ParticipantBy the way the dollar is just crumbling right now. I imagine Ben will come out swinging against inflation tomorrow, at least with words. It should be good theater with this Bear Stearns debacle as a back drop.
-
AuthorPosts
- You must be logged in to reply to this topic.