Wednesday, June 20, 2007


The Asia Pacific markets seem to be doing fine. No panic as of yet. Shanghai is rebounding. I am sitting by the pool puffing a cigar. I got of the phone with KGB . As the acronym suggests, KGB is a Russian associate of mine based in Chicago who works in upper management at a large financial institution. He believes there will be bloodshed on the street as a major hedge fund faces collapse due to a series of bets gone spectacularly awry.

No comments: