Main News

 

THE STRIKING
PRICE DAILY
Short-Sale Rules Muddle Options Market Investors should tread carefully until SEC rules - and exemptions to them --- are sorted out.
http://sbk.online.barrons.com/article/SB122186345762558513.html?mod=djemBF

 

 

Spies Warn That Al Qaeda Aims for October Surprise
Intercepted Messages Asking Local Cells To Be Prepared for Imminent Instructions
BY ELI LAKE - Staff Reporter of the Sun
WASHINGTON — In the aftermath of two major terrorist attacks on Western targets, America's counterterrorism community is warning that Al Qaeda may launch more overseas operations to influence the presidential elections in November. Call it Osama bin…

 

Sep 22, 2008 ... Lehman Won't Return Prime-Broker Assets for `Months' (Update2). By [bn:PRSN=1] Tom Cahill ]. Sept. 22 (Bloomberg) -- Lehman Brothers ...

 

U.S. Bank Failures Expected To Rise<http://now.eloqua.com/e/er.aspx?s=795&lid=7673&elq=1D65E0178AC647A693704D487007F5CE>

 

Hedgie's Battle Fatigue
Related:
Is Chris Hohn a Threat to US National Security?
Day of the 'Locust': Hedge Fund Star Goes to Court

 

Bailout Prevents Great Depression 2.0
U.S. News & World Report - Washington,DC,USA
That's why Hank Paulson and Ben Bernanke were so scared last week. And, yes, I think "scared" isn't too strong a word. You don't think they convened an ...

 

Some banks want the government to suspend the use of market prices to value some assets, leaving investors even more in the dark than they are now.
http://online.wsj.com/article/SB122211561719964155.html?mod=djemheard

 

Fee Slump Hits Hedge Funds
Wall Street Journal Blogs - New York,NY,USA
Just one in 10 hedge funds is currently receiving performance fees from their funds, raising questions about whether their business model is robust enough ...

 

Bank's demise key to AIG woe
Sep 22 2008 04:24
The Lehman Brothers bankruptcy was a contributor to the sharp credit ratings cuts suffered by the insurer that forced it to seek a bail-out, says Standard & Poor's analysts Read more »

 

Goldman, Morgan Stanley to become regulated banks
Sep 22 2008 03:04
In the biggest restructure since the Great Depression, the Fed has given the green light to the last surviving big investment banks on Wall Street to become regulated banks Read more »

 

China's heavy-duty market intervention risks taking things too far.

 

Henry Paulson is demanding extraordinary power for himself to deploy taxpayers’ money on behalf of a plan that, as far as I can see, doesn’t make sense.

 

Risk officers are firmly back in the driving seat
Chief risk officers at some investment banks may have spent the run-up to the credit crisis as frustrated voices on the sidelines, but now they are taking full control as banks seek to convince shareholders and investors that they can avoid the same fate as Bear Stearns, Lehman Brothers and Merrill Lynch.
http://mail.efnmail.co.uk/r/398968/MTk4MTI1OjE4NzI0/

The risk managers behind the banks
Financial News takes a look at the risk officers in charge of the investment banks with some of the largest writedowns for the past  year.
http://mail.efnmail.co.uk/r/398969/MTk4MTI1OjE4NzI0/

 

Sunday , 21 Sep 2008
Lesotho miners have discovered one of the world’s largest diamonds at the Letseng mine, which has already yielded four of the world’s 20 largest rough diamonds.

 

3-Month Treasuries Will Now Get You $89 on $10,000 Per Year by Bespoke Investment Group

 

Short Selling Is Not Evil by Andy Kern

 

Exposing the Hedge Fund Industry's Soft White Underbelly by Scott Rothbort

 

Morgan Stanley: Exploding the Short-Seller Myth by Paul Kedrosky

 

Stocks Slammed as Oil Surges
By Mark Glassman
Lingering questions over a federal bailout for the nation's bad debt left traders bearish on equities.
http://www.smartmoney.com/t.cfm?pId=7&mID=750&mDt=09/22/2008&ui=1157312&ctu=%2Fbn%2Findex%2Ecfm%3Fstory%3D20080922083205

 

Proxy firms recommend vote against Harbinger in Cliffs battle
Harbinger Capital's attempt to raise its holding in Cleveland-Cliffs has suffered a setback after proxy-advisory firms Proxy Governance and RiskMetrics Group recommended that the iron-ore mining company's shareholders vote against the move.  (The Wall Street Journal)
http://mail.efnmail.co.uk/r/399142/MTk4MTI1OjE4NzI2

 

NORWAY – The US$381bn Government Pension Fund-Global, a self-proclaimed leader in ethical investments, does not apply best practice in sustainable investments, according to Innovest.

 

Auctions May be Only Option for U.S. Bailout
By: Reuters
Posted: 09/22/2008 6:17:56 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15277.html

 

California's hedge fund king
CNN Money Mon, 22 Sep 2008 1:04 AM PDT
As the summer of 2008 drew to a close, many hedge fund managers were worried about coaxing their returns out of negative territory by the end of the year. Thomas Steyer, who founded the giant Farallon Capital Management, was worried about his hedge fund, but he was also losing sleep over getting Barack Obama elected president. For the first time in its 22-year history, Farallon was on track for ...

 

Central banks consider changing collateral requirements
The Federal Reserve, Bank of Japan and European Central Bank may allow banks to offer foreign-denominated assets as collateral to boost liquidity, according to the Nikkei newspaper. Currently, only assets in their home currency are accepted as collateral by most central banks. The change would make it easier for struggling firms to access funds. Reuters (21 Sep.)

A Who’s Who of the Insurgency in Pakistan’s North-West Frontier Province: Part One – North and South Waziristan
By Rahimullah Yusufzai
Militants operating in Pakistan’s North-West Frontier Province include both Taliban and non-Taliban forces. However, the Taliban militants are much larger in number and have a lot more influence in the region. The Pakistani Taliban have close links with the Afghan Taliban and operate on both sides of the Pakistan-Afghanistan border, also known as the Durand Line after the British diplomat who demarcated the boundary in 1893, Sir Mortimer Durand. The non-Taliban militants, on the other hand, are often pro-government and enjoy cordial ties with the Pakistan authorities and security forces.

READ FULL STORY

 

New Zealand's Fonterra was on track to become a giant in the global food business, but that ambition has been set back by China's poisoned milk scandal.
http://online.wsj.com/article/SB122205933023262301.html?mod=djemheard

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Yield Curve Corner

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Natural Disaster Corner

 

Climate Prediction  http://www.nws.noaa.gov/predictions.php

World Meterological Organization http://severe.worldweather.org/

Tornadoes: http://www.disastercenter.com/tornado.htm

Great Sat Pictures of events: http://www.osei.noaa.gov/Events/Current/TRChagupit266_GJ.jpg

 

Iran: Another Sign of the Power Struggle in Tehran. September 22, 2008 | 2221 GMT. Iranian central bank chief Tahmasb Mazaheri ...

 

Palin on Ahmadinejad: 'He Must Be Stopped'
BY SARAH PALIN
The Republican nominee for vice president was scheduled to speak today at a rally in Dag Hammarskjold Plaza to protest the appearance here of President Ahmadinejad of Iran. Her appearance was canceled by rally organizers who sought a nonpolitical event. Following are the remarks Mrs. Palin would have given.

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Iranian Situation and Other Man Made Disasters

 

Iran must come clean on nuke warhead studies: IAEA
AFP via Yahoo! News Mon, 22 Sep 2008 7:47 AM PDT
The UN atomic watchdog called on Iran Monday to clear up allegations that it had been involved in nuclear warhead studies, while Tehran protested it has not seen any evidence backing up the charges.

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Opalesque’s Corner

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Misc. Items of Interest

 

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Funnies, Facts, Quotes, etc….

 

undulate UN-juh-layt; UN-dyuh-, intransitive:

To move in, or have, waves; to vibrate; to wave; as, undulating air.

 

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Conference, Courses, Books, Papers

 

Great Research Sites:

 

Merrill Lynch research Link to full report including important disclosures see example

 

John Mauldin’s Weekly Analysis

 

James Altucher’s Website:

 

Other useful sites:

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Index Corner

 

The CSFB/Tremont Hedge Fund Index www.hedgeindex.com.

The Cogent Dynamic Averages http://www.cogenthedge.com/home/inv_strategy.asphttp://www.cogenthedge.com/home/inv_strategy.asp

The Dow Jones Indices: http://www.djhedgefundindexes.com/index.cfm?event=viewPremiumContent (free registration)

HFRX Indices https://www.hedgefundresearch.com/hfrx_reg/index.php?fuse=login&1170880431

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Regulatory Info

 

 

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Disclaimer

 

The information contained in this document does not constitute an offer or solicitation to sell any security or other type of vehicles to or by anyone in any jurisdictions, nor should it be regarded as a contractual document. Under no circumstances should the information provided on this document be considered as financial advice, or as a sufficient basis on which to make investment decisions. The information contained herein has been gathered by Investor DNA, LLC from sources deemed reliable as of the date of publication, but no warranty of accuracy or completeness is given. Investor DNA, LLC is not responsible for and provides no guarantee with respect to any of the information provided herein or through the use of any hypertext link. Past results are no indication of future performance. All information in this newsletter is for educational and informational purposes and does not constitute investment, legal, tax or accounting advice. All materials are the property of the respective publishers, as referenced by header and appropriate hypertext links.