Unfortunately I haven’t had a chance to read my review copy of Timothy Sykes‘ new book ‘An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund’. But since you all read financial blogs I’m sure you’ve seen at least one of the many rave reviews across the [...]
Fine Line: Sub-Prime Decline – The Richter Scales
Subprime Quote of the Day
From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison): “The losses are going to be phenomenal” for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. “My guesstimate in the subprime world [...]
Blame it on the Hedge Funds… Again?
Jim Cramer, Market Manipulator
Wow, I can’t believe Cramer admitted to manipulating futures. “A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It’s a fun game,” Cramer said in the Webcast, which was moderated by TheStreet.com Executive Editor Aaron Task. Cramer later said that [...]


