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View Diary: What the Fv<K is Wall Street Doing? (60 comments)

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  •  Wall Street Has a Plan (4+ / 0-)
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    Yoshimi, gustynpip, Sylv, a2nite

    There is an old investor's maxim, "buy the rumor, sell the news."

    Right now hedge funds are gobbling up stocks being sold by panicked investors expecting to sell them back at a profit to those same mom-and-pop investors after an agreement is reached. And they are hedging their bets with "put options" in the event stocks fall. Either way, stocks up or stocks down, they plan to make fortunes.

    In fact, the only way the hedge funds can lose in this situation is if the are no big swings, either up or down, in the next few weeks.

    Power is not sufficient evidence of truth. - Samuel Johnson

    by Knighterrant on Tue Oct 15, 2013 at 12:38:59 PM PDT

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