ohh yeah mr fed friday night, page-82

san felipe - no need to be modest. we know you to be at least 99 yo and thus, surely wise. :-)

mbeard - even without any knowledge of ta, all the warning signs of an impending correction were there for those that bothered to do a little reading.

here are a couple of articles from the archives:

Fed Warns of Hedge Fund Threat
Blames recent high correlations among hedge-fund returns, which suggest concentrations of risk comparable with those preceding the 1998 meltdown of Long-Term Capital Management.
Stephen Taub, CFO.com
May 03, 2007
http://www.cfo.com/article.cfm/9114673/c_9116405

Bank of International Settlements: Credit Boom May Spark Depression
Monday, June 25, 2007 3:46 p.m. EDT
http://www.newsmax.com/money/archives/st/2007/6/25/154818.cfm?&PROMO_CODE=364F-1