Hedge funds. There won't be nearly as many around in 6-9 months as there are today. Deleveraging an ongoing business is one thing, and we've seen a lot of that - with arguably more to come (but who really knows); taking down the shingle is something else altogether, and that may have a lot further to run.
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"....who is left to sell and push stocks lower?"
Dec 23 14:04 pm
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All Comments by OldLimey »Will 2009 Be as Bad as 2008? [View article]
Hedge funds. There won't be nearly as many around in 6-9 months as there are today. Deleveraging an ongoing business is one thing, and we've seen a lot of that - with arguably more to come (but who really knows); taking down the shingle is something else altogether, and that may have a lot further to run.