cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board - View Single Post

BYU71 · 06-27-2008, 03:22 PM

Highly leveraged hedge funds are still chasing the oil market. Maybe the price goes to $150-$170, who knows. However, sometime in the next 6 months the price breaks. When it does we will here about some financial problems because of the money these hedge funds have borrowed and how they are getting their asses kicked.

Remember what started this crisis with the prime rate. What broke it. Bear Stearns hedge funds breaking down, then some others I can't remember. They had leveraged and couldn't handle the break down in sub-prime.

The SEC is of course asleep at the switch again.

06-27-2008, 03:22 PM	#1
BYU71 Senior Member Join Date: Jan 2006 Posts: 5,084	I will step out on the ledge here Highly leveraged hedge funds are still chasing the oil market. Maybe the price goes to $150-$170, who knows. However, sometime in the next 6 months the price breaks. When it does we will here about some financial problems because of the money these hedge funds have borrowed and how they are getting their asses kicked. Remember what started this crisis with the prime rate. What broke it. Bear Stearns hedge funds breaking down, then some others I can't remember. They had leveraged and couldn't handle the break down in sub-prime. The SEC is of course asleep at the switch again.