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Tom,
Nov 27 03:00 am
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All Comments by Old Trader »Hedge Fund Deleveraging Could Be Half Over [View article]
I understand your point, but I'm not certain that I agree. To frame it in a slightly different way, rather than talking in terms of "dollars", how about in terms of "buyers vs. sellers"? Recently, the hedgies/fundies have been sellers, because of the need to meet redemptions, but once that threat diminishes, the pendelum will shift the other way. All those people who were selling, will, at some point, become "buyers" (gotta earn the "20" of the "2 and 20" they charge...;-) )
Make any sense to you?