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Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE
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Anonymous Coward
User ID: 209780
8/9/2007 3:48 PM
Report abusive post | Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE
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August 8, 2007 (LPAC) -- Late in the day of Aug. 8, a source working in the City of London reported to EIR that "There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE or DOW index numbers, but its looking like someone is liquidating a huge market-neutral stock portfolio," referring to an investment portfolio which is designed to make money irrespective of general market downturns. The sales took place across the globe, starting in Japan, then in Europe and the U.S. The source said that others in the City believe that, in order to have the market impact that this sell off is having, the size of the portfolio would have to be in the 3-6 billion dollar range.
It is not known as of this writing who is liquidating, nor why - whether it is a desperate need for cash, an intervention intended to impact the market by a central government, or something else, the source said, it is an "unprecedented event." In the dynamic global process now underway, it cannot be seen as an isolated event. |
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Anonymous Coward
User ID: 244555
8/9/2007 3:53 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
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Anonymous Coward
User ID: 279820
8/9/2007 3:54 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
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Anonymous Coward
User ID: 209780 (OP)
8/9/2007 3:54 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Which might explain why this morning, Aug. 9, the Dow plunged right out of the gate. |
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Anonymous Coward
User ID: 76936
8/9/2007 4:27 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
link? |
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Anonymous Coward
User ID: 279727
8/9/2007 4:32 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Someone is putting massive "put" shares on the USA-like they did for the Airline companies like the day before 911. |
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Anonymous Coward
User ID: 280002
8/9/2007 4:33 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
August 8, 2007 (LPAC) -- Late in the day of Aug. 8, a source working in the City of London reported to EIR that "There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE or DOW index numbers, but its looking like someone is liquidating a huge market-neutral stock portfolio," referring to an investment portfolio which is designed to make money irrespective of general market downturns. The sales took place across the globe, starting in Japan, then in Europe and the U.S. The source said that others in the City believe that, in order to have the market impact that this sell off is having, the size of the portfolio would have to be in the 3-6 billion dollar range.
It is not known as of this writing who is liquidating, nor why - whether it is a desperate need for cash, an intervention intended to impact the market by a central government, or something else, the source said, it is an "unprecedented event." In the dynamic global process now underway, it cannot be seen as an isolated event. Quoting: Anonymous Coward 209780
THE NEXT 911 IS COMING PEOPLE! WAKE UP! |
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Anonymous Coward
User ID: 280002
8/9/2007 5:09 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
This is the important thread about the stock doom, IMO!
Something bad, besides stock crashes is coming...
very very bad... this is the summer/fall of the next 911 IMO! |
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Anonymous Coward
User ID: 194596
8/9/2007 5:10 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
B |
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Anonymous Coward
User ID: 81537
8/9/2007 5:14 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
The spawn of the Master Theroin does his Will, as the Age of Horus he continues to usher in, and the engines of war are fired with his vengence. |
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Anonymous Coward
User ID: 277122
8/9/2007 5:24 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Any other info on the news source, i.e. what firm, traders, web links... |
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Anonymous Coward
User ID: 244976
8/9/2007 5:33 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Any other info on the news source, i.e. what firm, traders, web links... Quoting: Anonymous Coward 277122
EIR is Executive Intelligence Review, the Lyndon LaRouche publication... |
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Woo Isme
User ID: 208180
8/9/2007 6:10 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
This is the important thread about the stock doom, IMO!
Something bad, besides stock crashes is coming...
very very bad... this is the summer/fall of the next 911 IMO! Quoting: Anonymous Coward 280002
Maybe something very very bad is already here.
---------------->Market Implosion.
What, you think we need something to jazz that up a bit?
Just never satisfied are you. |
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bill shitter
User ID: 280059
8/9/2007 6:15 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
i know one guy who is liquidating hes is the guy that resigned from pixar and selling all his stock to get 50.000.000 |
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Anonymous Coward
User ID: 280061
8/9/2007 6:22 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
i know one guy who is liquidating hes is the guy that resigned from pixar and selling all his stock to get 50.000.000 Quoting: bill shitter 280059
It isn't the guy from Montana who created "Boundin'" is it? |
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Anonymous Coward
User ID: 280002
8/9/2007 6:31 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
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Anonymous Coward
User ID: 280050
8/9/2007 6:37 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
The Rothchild reconsiliation of French & British groups have consolidated holdings in an attempt to undermine the Rockefeller Faction I elements. |
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Push/Pull
User ID: 279919
8/9/2007 6:45 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
"If such positions are sold by lots of managers at the same time, the most leveraged funds get hit the hardest, possibly forcing big liquidations of portfolios, which triggers a chain reaction."
Big liquidation triggers hedge-fund turmoil
Disruption reminiscent of LTCM collapse as market-neutral funds hit hard
By Alistair Barr, MarketWatch
Last Update: 3:54 PM ET Aug 9, 2007
SAN FRANCISCO (MarketWatch) -- The liquidation of a big hedge fund or investment-bank trading portfolio is wreaking havoc in some parts of the hedge-fund business, according to managers and investors.
Black Mesa Capital, a hedge-fund firm that uses computer models to track down investment ideas, said that at least one large hedge fund or investment bank is liquidating "massive" trading portfolios, according to a letter the Santa Fe, N.M.-based firm sent to investors Wednesday.
'Clearly, something is amiss in the markets that few in our strategy, if anyone, have experienced before.'
— Letter to Black Mesa investors
The warning is causing disruptions and triggering big losses among other so-called market-neutral hedge funds, Black Mesa said in its letter, a copy of which was obtained Thursday by MarketWatch.
"Clearly, something is amiss in the markets that few in our strategy, if anyone, have experienced before," Black Mesa's managers, Dave DeMers and Jonathan Spring, wrote. DeMers declined to comment Thursday.
The firm's hedge fund, which has about $1.9 billion in long positions and $1.9 billion in short positions, was down roughly 7.5% this month through Aug. 7. Those losses could grow to as much as 10% for August so far, Black Mesa noted.
A hedge fund run by Goldman Sachs (GS :182.25, -11.05, -5.7% ) , the North American Equity Opportunities fund, has sold some of its positions recently, The Wall Street Journal reported Thursday. Goldman's biggest hedge fund, the Global Alpha fund, has suffered losses and may also be selling positions, according to other published reports this week. A Goldman spokesman declined to comment Thursday.
'Quant' quake
The Global Alpha fund, which manages almost $10 billion, is a so-called quantitative fund, using computer models to locate investment opportunities.
Such "quant" funds are popular among hedge-fund investors. Many use a market-neutral strategy, which aims to balance long positions with short trades, or bets against securities. Others are so-called statistical arbitrage funds, which analyze the historical relationships between related securities and trade when those relationships get out of whack.
Many players in this part of the hedge-fund business have similar positions and use lots of leverage, or borrowed money, to increase their bets. However, that magnifies even small losses. Some of these hedge funds also have relatively permissive redemption periods, allowing investors to take their money out every month, with 30 days' notice or less.
So if losses trigger investor redemptions, these funds may have to sell lots of their positions. That, in turn, puts more pressure on the historical relationship between related securities, handing more losses to other hedge funds in the space.
If such positions are sold by lots of managers at the same time, the most leveraged funds get hit the hardest, possibly forcing big liquidations of portfolios, which triggers a chain reaction. |
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Anonymous Coward
User ID: 280065
8/9/2007 6:48 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Someone is putting massive "put" shares on the USA-like they did for the Airline companies like the day before 911. Quoting: Anonymous Coward 279727
Thats exactly right because, this that rule everything on this planet know that great change is on its way.
These are the same selfish people that have brought this planet to its knees.
trying to make money on change.
I tell you money will not have the same value to what is coming.
No money is going to help anyone as this is a matter of the individual soul.
I would get spiritual if I where you!
sevens |
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Anonymous Coward
User ID: 203965
8/9/2007 6:51 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
this is big and i don't think it heralds good times ahead.
someone is using inside info to cut and run.
They have information or maybe even the clout to bring the market way down. we are still probaly a week or so ahead of the event. |
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Anonymous Coward
User ID: 280050
8/9/2007 6:53 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
China dropping the nookular bomb on the Global Puppetmasters! |
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Anonymous Coward
User ID: 159969
8/9/2007 6:59 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
It looks like Jim Cramer's Mad Money MELTDOWN a few days ago was accurate...He knows what's coming in the near future but he can't let the sheeple panic. |
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cdwarior
User ID: 130049
8/9/2007 7:00 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Yu vant us un-pimp yor pohtfolio say vot... |
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Anonymous Coward
User ID: 280085
8/9/2007 7:12 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
I just received some fresh cannisters for the gas masks, I'm good to go. |
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Anonymous Coward
User ID: 280091
8/9/2007 7:15 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
The spawn of the Master Theroin does his Will, as the Age of Horus he continues to usher in, and the engines of war are fired with his vengence. Quoting: Anonymous Coward 81537
He means George W. Bush, the Master Therion is Aleister Crowley. Just FYI. |
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Anonymous Coward
User ID: 271323
8/9/2007 7:22 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
"...Just like witches at Black Masses..." |
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Anonymous Coward
User ID: 280096
8/9/2007 7:23 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Someone is putting massive "put" shares on the USA-like they did for the Airline companies like the day before 911.
Thats exactly right because, this that rule everything on this planet know that great change is on its way.
These are the same selfish people that have brought this planet to its knees.
trying to make money on change.
I tell you money will not have the same value to what is coming.
No money is going to help anyone as this is a matter of the individual soul.
I would get spiritual if I where you!
sevens Quoting: Anonymous Coward 280065
I agree I was think along the same lines last night. Things, products, material wealth, money in the end count for nothing.
It really is all about you. |
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Starseeder
User ID: 280108
8/9/2007 7:44 PM
 | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Someone is putting massive "put" shares on the USA-like they did for the Airline companies like the day before 911.
Thats exactly right because, this that rule everything on this planet know that great change is on its way.
These are the same selfish people that have brought this planet to its knees.
trying to make money on change.
I tell you money will not have the same value to what is coming.
No money is going to help anyone as this is a matter of the individual soul.
I would get spiritual if I where you!
sevens
I agree I was think along the same lines last night. Things, products, material wealth, money in the end count for nothing.
It really is all about you. Quoting: Anonymous Coward 280096
Hearst's house for sale, just £82m
Ed Pilkington in New York
Wednesday July 11, 2007
The Guardian
The Beverly House Compound boasts three pools, 29 bedrooms, a cinema and a disco.
The Beverly House Compound boasts three pools, 29 bedrooms, a cinema and a disco. Photograph: AP
A 29-bedroom Beverly Hills mansion that can boast the newspaper tycoon William Randolph Hearst as a former owner is believed to have become the most expensive property listed on the US market, with an asking price of $165m (£82m).
The Beverly House Compound, close to Sunset Boulevard, was the home of Hearst and his long-time mistress, the film star Marion Davies, for four years until his death in 1951. He decorated the property with statues brought south from his famous Hearst Castle in San Simeon and with life-size paintings of Davies. The couple entertained lavishly there. When Hearst died, Davies kept the property, marrying a film extra 10 weeks later.
Article continues
John and Jackie Kennedy spent their honeymoon there in 1953 and he ran part of his 1960 presidential campaign from there. The house has been owned by an investor, Leonard Ross, since 1976. According to Stephen Shapiro, the estate agent handling the sale, Mr Ross is selling it because he wants a "lifestyle change".
The 2.6ha (6.5 acre) estate has four houses in pink stucco and arranged in the shape of an H. There is a cinema, disco and three swimming pools, the largest of which is fed by waterfalls and cascading ponds. Beverly House Compound was built in 1927 for the banker Milton Getz, who sold it to Hearst 20 years later for $120,000. The architect was Gordon Kaufmann, who designed the Hoover Dam.
The price tag indicates how buoyant the top end of the property market remains on the west coast. But the list price may be wishful thinking: of the six residential properties on sale in the US for more than $100m, none has been sold.
· This article was amended on Thursday July 12 2007. Beverly Hills is south of San Simeon, rather than north as we had it above. This has been corrected.
----------------------
A lifestyle change... yeah! right.
Simplicity is the key to Heaven. |
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Anonymous Coward
User ID: 279727
8/9/2007 8:00 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
I read recently that in some areas, sellers are BEGGING their Real Estate Agents to do what ever it takes to get the price they want-or the house sold-whichever comes first. |
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Anonymous Coward
User ID: 204946
8/9/2007 8:26 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Someone is putting massive "put" shares on the USA-like they did for the Airline companies like the day before 911. Quoting: Anonymous Coward 279727
Don't even say that! Are you kidding me??? |
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WUN
User ID: 100183
8/9/2007 9:37 PM | | Re: Aug. 8 - ""There is an absolutely massive market event happening today. You'll not see any evidence of it if you just look at the FTSE | Quote |
Someone is putting massive "put" shares on the USA-like they did for the Airline companies like the day before 911. Quoting: Anonymous Coward 279727
Source? Link? |
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