Hedge fund troubles: a new catalyst? - Trading-Lab

roguetrader · #1 01-25-2008, 04:15 PM

It looks like more hedge fund troubles lie ahead. will this be the new catalyst?

http://biz.yahoo.com/ap/080125/wall_street.html

AP
Stocks Backtrack Amid Hedge Fund Rumors
Friday January 25, 10:56 am ET
By Tim Paradis, AP Business Writer
Stocks Give Up Some of Their Early Gains; Microsoft Results Help Tech Stocks

NEW YORK (AP) -- Stocks gave up some of their early gains Friday as investors grappled with rumors that another hedge fund may have run into financial trouble.

Word of possible trouble unnerved a market that had moved higher on upbeat profit reports from big names like Microsoft Corp. and amid word of a possible buyout of a troubled bond insurer. The notion that a hedge fund could face trouble rekindled concerns that the recent stumbles in the finanical sector may not be entirely on the mend; reports of fund problems have contributed to the market's declines over the past few months.

"There are a number of names of hedge funds being bandied about as possibly being in trouble," said Tom di Galoma, head of Treasurys trading at Jefferies & Co. It is impossible to discern whether the stories have any basis in fact, he said.

In midmorning trading, the Dow Jones industrial average rose 16.10, or 0.13 percent, to 12,394.71. The Dow had been up more than 100 points in early trading.

Broader stock indicators also gave up their biggest gains. The Standard & Poor's 500 index rose 0.67, or 0.05 percent, to 1,352.74. The technology-heavy Nasdaq composite index, benefiting from the Microsoft report, rose 8.48, or 0.36 percent, to 2,369.40.

daytraderB · #2 01-28-2008, 05:15 PM

have you noticed the media always seem to have a reason for everything? for example, today yahoo says:

Stocks Rise on Rate Cut Hopes- AP

A jittery Wall Street advanced Monday, fighting to reverse Friday's sharp losses as investors took a dismal new home sales report as a sign that the Federal Reserve will lower rates this week.

every day they like to find a reason why the market is tanking or bouncing. the truth is: there is a reason why markets move, but that reason might not be what the media wants you to believe.

have you ever heard about this book:

If It's Raining in Brazil, Buy Starbucks : The Investor's Guide to Profiting from News and Other Market-Moving Events
http://www.amazon.com/review/product...By=addFourStar

it's a great read. highly recommend it.

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#1 01-25-2008, 04:15 PM
roguetrader Junior Member Join Date: Jul 2007 Posts: 4	Hedge fund troubles: a new catalyst? It looks like more hedge fund troubles lie ahead. will this be the new catalyst? http://biz.yahoo.com/ap/080125/wall_street.html AP Stocks Backtrack Amid Hedge Fund Rumors Friday January 25, 10:56 am ET By Tim Paradis, AP Business Writer Stocks Give Up Some of Their Early Gains; Microsoft Results Help Tech Stocks NEW YORK (AP) -- Stocks gave up some of their early gains Friday as investors grappled with rumors that another hedge fund may have run into financial trouble. Word of possible trouble unnerved a market that had moved higher on upbeat profit reports from big names like Microsoft Corp. and amid word of a possible buyout of a troubled bond insurer. The notion that a hedge fund could face trouble rekindled concerns that the recent stumbles in the finanical sector may not be entirely on the mend; reports of fund problems have contributed to the market's declines over the past few months. "There are a number of names of hedge funds being bandied about as possibly being in trouble," said Tom di Galoma, head of Treasurys trading at Jefferies & Co. It is impossible to discern whether the stories have any basis in fact, he said. In midmorning trading, the Dow Jones industrial average rose 16.10, or 0.13 percent, to 12,394.71. The Dow had been up more than 100 points in early trading. Broader stock indicators also gave up their biggest gains. The Standard & Poor's 500 index rose 0.67, or 0.05 percent, to 1,352.74. The technology-heavy Nasdaq composite index, benefiting from the Microsoft report, rose 8.48, or 0.36 percent, to 2,369.40.

#2 01-28-2008, 05:15 PM
daytraderB Member Join Date: Jun 2007 Posts: 63	have you noticed the media always seem to have a reason for everything? for example, today yahoo says: Stocks Rise on Rate Cut Hopes- AP A jittery Wall Street advanced Monday, fighting to reverse Friday's sharp losses as investors took a dismal new home sales report as a sign that the Federal Reserve will lower rates this week. every day they like to find a reason why the market is tanking or bouncing. the truth is: there is a reason why markets move, but that reason might not be what the media wants you to believe. have you ever heard about this book: If It's Raining in Brazil, Buy Starbucks : The Investor's Guide to Profiting from News and Other Market-Moving Events http://www.amazon.com/review/product...By=addFourStar it's a great read. highly recommend it.