problem is biiger than what looks like

来源: ntrader 于 2007-06-22 11:24:22 [] [旧帖] [给我悄悄话] 阅读数 : 0 (366 bytes)
回答: Watch financials carefully! 由 ntrader 于 2007-06-22 10:58:56

investment banks are highly leavaged. Given the run-up of stock market, one has to ask how much leavage these investment banks have used to chase market.

LBOs use 3 to 1 leavage.

So, what looks like $50B is actually much bigger than $50 B. Plus, there might be chain reaction.

This migh explain why BSC is so afraid of MER auction its holdings.

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• Multiple of $50B, agree -marketreflections- ♂ 给 marketreflections 发送悄悄话 marketreflections 的博客首页 (527 bytes) () 06/22/2007 postreply 11:48:05

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