wndysrf Posted May 26, 2006 Report Share Posted May 26, 2006 The number of HedgeFunds will continue to explode, as long as stories like this continue to come out...... Vast fortunes being made on Wall Struck... SAN FRANCISCO (MarketWatch) -- The wealth-creation factory that is the hedge-fund business generated record output in 2005 and produced some new, billionaire and multimillionaire models. Math whiz and philanthropist James Simons of Renaissance Technologies Corp. and oil tycoon turned hedge-fund manager T. Boone Pickens made $1.5 billion and $1.4 billion, respectively last year, according to Alpha Magazine's fifth annual survey of the industry's highest earners, which was released on Friday. Link Everyone have a good weekend...... Link to comment Share on other sites More sharing options...
FeedFool Posted May 26, 2006 Report Share Posted May 26, 2006 It won?t be long before we talk about trillionaire club. All it means is there is more worthless papers floating around, even fed doesn?t how much money is in circulation. They could ask Bermuda triangle trades where they get their money from. http://www.google.com/search?hl=en&q=+tril...nG=Search&meta= The amount of cash in circulation in the United States increased dramatically during the 20th century, as shown in the table below. (Figures are from statements published by the Treasury Department.)...click here Link to comment Share on other sites More sharing options...
The End Posted May 26, 2006 Report Share Posted May 26, 2006 It won?t be long before we talk about trillionaire club. All it means is there is more worthless papers floating around, even fed doesn?t how much money is in circulation. They could ask Bermuda triangle trades where they get their money from. http://www.google.com/search?hl=en&q=+tril...nG=Search&meta= The amount of cash in circulation in the United States increased dramatically during the 20th century, as shown in the table below. (Figures are from statements published by the Treasury Department.)...click here <{POST_SNAPBACK}> I agree with the concept but, Gates is one of the richest if not the richest and he is worth 60 billion. A trillion is over 16 x that amount. Link to comment Share on other sites More sharing options...
Jetlag Posted May 26, 2006 Report Share Posted May 26, 2006 A billion in non anglo-saxon countries means a trillion in anglo-saxon countries. never mind, have a nice weekend. Link to comment Share on other sites More sharing options...
Drano Posted May 26, 2006 Report Share Posted May 26, 2006 Looking at the closing numbers, Keyser, The End, Shorty, CWD, Speakeasy, and Drano decide extraordinary measures may be needed to help things go the right direction next week! Link to comment Share on other sites More sharing options...
FauxCaster Posted May 26, 2006 Report Share Posted May 26, 2006 It won?t be long before we talk about trillionaire club. All it means is there is more worthless papers floating around, even fed doesn?t how much money is in circulation. They could ask Bermuda triangle trades where they get their money from. http://www.google.com/search?hl=en&q=+tril...nG=Search&meta= The amount of cash in circulation in the United States increased dramatically during the 20th century, as shown in the table below. (Figures are from statements published by the Treasury Department.)...click here <{POST_SNAPBACK}> I agree with the concept but, Gates is one of the richest if not the richest and he is worth 60 billion. A trillion is over 16 x that amount. <{POST_SNAPBACK}> Somewhere around 1999-2000 there were articles and buzz about Bill Gates becoming the first Trillionaire. Ah, good times. Link to comment Share on other sites More sharing options...
wndysrf Posted May 26, 2006 Author Report Share Posted May 26, 2006 Biggest % gainers today, over 1 million shares traded, coming off the lows. Link to comment Share on other sites More sharing options...
Jetlag Posted May 26, 2006 Report Share Posted May 26, 2006 There was no closure on Gold, butt Copper did go up and is approaching new highs. If it breaks 400 ... LO fornicateing A Link to comment Share on other sites More sharing options...
Tzu Posted May 26, 2006 Report Share Posted May 26, 2006 Could you imagine trading 2 billion dollars? "My portfolio was down 20 million today. It barely moved. Lets go golfing" Link to comment Share on other sites More sharing options...
Jetlag Posted May 26, 2006 Report Share Posted May 26, 2006 Could you imagine trading 2 billion dollars...... Portfolio was down 20 million today. Barely moved. Lets go golfing.... <{POST_SNAPBACK}> Be careful what you wish for If the Dollah implodes and Gold gets called in, you'll be buying coffee for a couple thousand, until the dollah is replaced by the American Peso, Real or something. Link to comment Share on other sites More sharing options...
wndysrf Posted May 26, 2006 Author Report Share Posted May 26, 2006 Could you imagine trading 2 billion dollars...... Portfolio was down 20 million today. Barely moved. Lets go golfing.... <{POST_SNAPBACK}> How about the CEO's with a zillion shares of stock? Just look at the hits Michael Dell and Bill Gates took the last 9 months. Billions in lost wealth. "Uh, err, Melinda, our net worth has declined by $1.8 billion this year......" "What??? Does that mean no more facials and manicures?" Link to comment Share on other sites More sharing options...
wndysrf Posted May 26, 2006 Author Report Share Posted May 26, 2006 Massive volume coming into GLG Link to comment Share on other sites More sharing options...
Tchaikofsky Posted May 26, 2006 Report Share Posted May 26, 2006 4:20 pm: For a third straight day, reasonable valuations continued to whet the appetites of bargain hunters and those hoping that the market low reached on Wednesday was in fact the bottom so many have been waiting for. After slipping below the 11,000 level for the time since early March just two days ago, the Dow powered back to lead the way among the majors, ending a two-week losing streak and tacking on nearly 300 points since bottoming out at 10,980 on Wednesday. Providing some of the early market support that carried broad-based efforts into the close was the fact that the latest read on core inflation was not worse than expected. Before the bell, the Commerce Dept. showed that an inflation measure closely-watched by the Fed -- the core-PCE deflator -- rose 0.2%. While that wasn't a great number as it relates to Fed policy, since it put the year/year increase above the Fed's comfort zone of 2.0% (range is 1 3/4% to 2%) and left the door open for policy makers to keep raising rates, a figure less than what so many had feared helped ease some of the excessive fears that have weighed on the market over the last few weeks. In contrast to most of the week, which was whipsawed by volatile price movements, especially late in the day, stocks held their ground in a relatively tight trading range throughout most of the session Friday. However, while stocks extending their winning streak to three days offered some reassurance that two weeks of broad-based selling was overdone, below average volume lent little conviction behind the day's modest gains. To wit, volume on the Nasdaq didn't surpass 1.0 bln shares until 2:00 ET while the NYSE finally saw 1.0 bln shares trade hands with only an hour left in the trading day as market participation continued Link to comment Share on other sites More sharing options...
LeeWhee Posted May 26, 2006 Report Share Posted May 26, 2006 Could you imagine trading 2 billion dollars...... Portfolio was down 20 million today. Barely moved. Lets go golfing.... <{POST_SNAPBACK}> How about the CEO's with a zillion shares of stock? Just look at the hits Michael Dell and Bill Gates took the last 9 months. Billions in lost wealth. "Uh, err, Melinda, our net worth has declined by $1.8 billion this year......" "What??? Does that mean no more facials and manicures?" <{POST_SNAPBACK}> Maybe she'll have to cancel her usual $10,000 week at The Golden Door in exchange for a few visits to Happy Nails in Reseda or Spritz N' Glitz in Compton. Link to comment Share on other sites More sharing options...
The End Posted May 26, 2006 Report Share Posted May 26, 2006 Tchai, The fact that we have been rising the last two days on less and less volume then when we sold off should be construed as bearish for at least a drop early next week if not a full retest of the lows. Windy, Robert Plant singing Gallows Poll on that AOL site. Tanks again http://music.aol.com/videos/sessions/sessi...S00050000000021 Link to comment Share on other sites More sharing options...
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