I guess these guys sold the housing market sector of wall street short, just before the housing boom went south. I hope they have covered their shorts; because, there is some evidence that the housing market may have bottomed, (eg see link at the bottom of post).
Some definitions of *Hedge*: #------------------------------ Hedge Hedge, v. i. 1. To shelter one's self from danger, risk, duty, responsibility, etc., as if by hiding in or behind a hedge; to skulk; to slink; to shirk obligations. [1913 Webster] 5. To protect oneself against excessive loss in an activity by taking a countervailing action; as, to hedge an investment denominated in a foreign currency by buying or selling futures in that currency; to hedge a donation to one political party by also donating to the opposed political party. #--------------------------------- http://www.iht.com/articles/2009/03/25/business/usecon.php Regards, LelandJ Bob Calco wrote: > http://bit.ly/YaC2Y > > and then recall > > http://bit.ly/DMJes > > - - - > > It's good to see somebody prosper in this economy. I bet he made a killing > on 9/18/2008, the culmination of his life's work(?). > > - Bob > > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
