Ok so Bear Stink Funds are worthless, where are the indictments?

[stock777]

They claim they invested in the AAA , which still shows as trading in the high 90's.

So how the f*** did they lose all the $.

the good

Index Series Version Coupon RED ID Price High Low
ABX-HE-AAA 07-1 7 1 9 0A08AHAC6 95.23 100.09 95.23
ABX-HE-AAA 06-2 6 2 11 0A08AHAB8 96.29 100.12 95.67
ABX-HE-AAA 06-1 6 1 18 0A08AHAA1 99.10 100.38 99.10

the dogshit

ABX-HE-BBB 06-2 6 2 133 0A08AIAB6 55.00 100.59 55.00
ABX-HE-BBB- 06-2 6 2 242 0A08AOAB3 49.09 100.94 49.09

 

[ASusilovic]

Quote from Cdntrader:

frankly it seems like the street saw this coming from a mile away.

Looking @ the ABX indices charts(http://www.markit.com/information/affiliations/abx) the hedgies(betting on defaults) have been pressing swap prices down hoping for a break.

The selling in the financials this am was probably a dead giveaway of the BSC news.


This might put a bottom in on the ABX indices over the next few days.


It will be fun to see this play out into expiry friday

Bottom ? => Agree. Panic on Wall Street always good buy opportunity !

 

[stock_trad3r]

Um the bear sterns fund not a big deal

wed. dip a great buying opp.

 

[Bogan7]

Hey Puddle look out the sky is falling, the sky is falling. Time for you to get into your daddy's nuclear bunker and, well stay there !!!

 

[THE-BEAKER]

i love life. things aint so bad.

especially when i read this news.

hang on just let me pick myself up off the kitchen floor.

no no no no i cant take it.

hahahahahahahahahahahahahahahahhahahahahahha.



wait whats this bernanke says subprime is not a threat to the broader markets.

hahahahahahahahahahahahahahahahahahahahahahahah.



oh he is speaking today as well.

hahahahahahahahahahahahahahahahahahahahahahahahahaha

 

[ASusilovic]

Quote from THE-BEAKER:

i love life. things aint so bad.

especially when i read this news.

hang on just let me pick myself up off the kitchen floor.

no no no no i cant take it.

hahahahahahahahahahahahahahahahhahahahahahha.



wait whats this bernanke says subprime is not a threat to the broader markets.

hahahahahahahahahahahahahahahahahahahahahahahah.



oh he is speaking today as well.

hahahahahahahahahahahahahahahahahahahahahahahahahaha





ß

OH, uncle BEN is speaking, today ? Oppppssssss......SHORT SQEEZE ALARM !!!!

 

[Cdntrader]

Quote from stock777:

They claim they invested in the AAA , which still shows as trading in the high 90's.

So how the f*** did they lose all the $.

the good

Index Series Version Coupon RED ID Price High Low
ABX-HE-AAA 07-1 7 1 9 0A08AHAC6 95.23 100.09 95.23
ABX-HE-AAA 06-2 6 2 11 0A08AHAB8 96.29 100.12 95.67
ABX-HE-AAA 06-1 6 1 18 0A08AHAA1 99.10 100.38 99.10

the dogshit

ABX-HE-BBB 06-2 6 2 133 0A08AIAB6 55.00 100.59 55.00
ABX-HE-BBB- 06-2 6 2 242 0A08AOAB3 49.09 100.94 49.09

click on the symbol and you will see the 6 mth chrt. The prices have tanked for all indices over the last week. Looks like they pulled bids to squeeze BSC funds.

@ 20 to 1 it doesn't take a HUGE move to wipe out a fund.

 

[Cdntrader]

BSC Letter To Hedge Fund Clients


http://online.wsj.com/public/resources/documents/WSJ071707_Bear_Stearns_Co.pdf

 

[SethArb]

two questions

a. this stuff is only otc derivatives at the moment not something one can trade in the futures market ?

b. is it greed of the OPM syndrome or lack of transparency that has lead the way to ruin for some funds ?

 

[hbiawos]

OH, uncle BEN is speaking, today ? Oppppssssss......SHORT SQEEZE ALARM !!!!


You must be kidding. Uncle Ben still thinks that inflation is the more serious threat to the economy. IF the BSC debacle isn't a wake-up call, I don't know what will be.