Quote:
Originally Posted by jay santos
Bear Stearns has been in trouble very a while. The market would have adjusted for it months ago.
I agree hedge funds cause a lot of trouble. I know someone who works for one, and the way he describes it is pretty crazy. Pretty fun job but pretty crazy stuff. 30 or so high powered guys--not so much Harvard MBA's but PhD's in various subjects especially math with some computer programmers and MBA's mixed in all sitting together in a big room hammering stuff out, no offices or cubes or anything. Crazy environment compared to what I'm used to at least.
|
Yes they have. This is their third hedge fund to get in trouble. IMHO the market is adjusting right now. Over time the market tends to flush out the speculators.
There is always a fancy new program that comes along to make big money in the market. Then something happens they weren't planning for or considering and viola, the hammering comes.
