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"This unregulated, at times volatile corner of finance — which is supposed to make money in bull and bear markets — lost $180 billion during the last three months. Investors, particularly wealthy individuals, are heading for the exits.
As the stock market plunged again on Wednesday, with the Dow Jones industrial average sinking 514 points, or 5.7 percent, the travails of the $1.7 trillion hedge fund industry loomed large. Some funds dumped stocks in September as their investors fled, and other funds could follow suit, contributing to the market plummet."
Despite these numbers appearing a mite light, acknowledging on the front page the unraveling of Dark Matter is preparing us for what? :cool:
http://www.nytimes.com/2008/10/23/bu...hp&oref=slogin
As the stock market plunged again on Wednesday, with the Dow Jones industrial average sinking 514 points, or 5.7 percent, the travails of the $1.7 trillion hedge fund industry loomed large. Some funds dumped stocks in September as their investors fled, and other funds could follow suit, contributing to the market plummet."
Despite these numbers appearing a mite light, acknowledging on the front page the unraveling of Dark Matter is preparing us for what? :cool:
http://www.nytimes.com/2008/10/23/bu...hp&oref=slogin
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