ajtj99's Market Pulse

[LG]

ajtj: I think the selling for redemptions is basically taken care of.

I will concede some hedge funds are talking down the redemptions such as Citi. I see that as Paulson did, talking up the economy until it fell off the cliff. Then you see articles like this...

http://www.bloomberg.com/apps/news?pid=20601087&sid=a6t8y_uiLdKg&refer=home

http://www.marketwatch.com/news/story/portfolio-liquidation-triggers-turmoil-among/story.aspx?guid=%7B9562090F%2D2CC0%2D4EE2%2DACBF%2D2688F60061DA%7D&dist=msr_2

I suspect a lot of the money that gets pulled out of hedge funds will hesitate to get back in the market for a while...

LG