Sunday, December 14, 2008

bottoming?

"A survey last month by New York-based Sanford C. Bernstein & Co. found that 63 percent of hedge-fund managers said they are about half done selling securities to reduce their use of borrowed money after financial companies cut back on credit following almost $1 trillion in writedowns and losses since the start of 2007. Twenty-three percent said they were three-quarters finished."

Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=azuNjokrEk88

The end of hedge fund liquidation in sight and the the start of dollar depreciation???