It is going to be a buying opportunity of the century.At least we've got that going for us. That and the long awaited chance to start stockpiling yer gold.
...new worries were building inside the nearly $2 trillion world of hedge funds. After years of explosive growth, losses are mounting — and so are concerns that some investors will head for the exits.All over but the crying. It's been a good run. Man on the moon, and all that. Somebody turn the lights out on the way out the door. Krugman notes there's no parking in the White Zone.....The big worry is that a spate of hurried sales could unleash a vicious circle within the hedge fund industry, with the sales leading to more losses, and those losses leading to more withdrawals, and so on. A big test will come on Tuesday, when many funds are scheduled to accept withdrawal requests for the end of the year.
“Everybody’s watching for redemptions,” said James McKee, director of hedge fund research at Callan Associates, a consulting firm in San Francisco. “And there could be a cascading effect, where redemptions cause other redemptions.”
