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Archive of entries posted on 17th May 2012

When they become Cockroach stocks

Cockroach stocks: From today’s New York Times: “JP Morgan’s loss has surged past its initial estimate of $2 billion, and is now at $3 billion. Hedge funds believe the bank is stuck in a position that it can’t unwind from and they’re betting against it.” Companies with no reason, any longer, to exist: When things […]