According to marketwatch, LEH seems unable to raise capital and that’s what is taking it down. At OPNewsletter I was selling this rally. Here is what I wrote to OPN members yesterday-
Markets are going to the sky, moon or whichever planet you can think of. I shall share with you my version…before that…I may be [...]

The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Timesand Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation’s history. According to the same report, Analysts at Citigroup, Merrill Lynch, and Goldman Sachs since [...]

Ospraie, It took 8 years to reach where it was, one of the largest commodities fund. It took nearly (or less than) 8weeks for it to close! According to a news published on Reuters, Ospraie Management LP is shutting its flagship commodity hedge fund after losing 27% in August and almost 40% this year, according [...]