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Originally posted by spdandpwr i have two funds and want to erase one of them...does anybody know how to do that...i gotta start being competitive....but can't without knowing how to erase an old fund

In the fund you want to delete, go to the menu, go to 'Admin'. Scroll down and there is a checkbox to delete the fund.

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wtf....what a crappy day at the stock market....how does the dow fall over 100pts!

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Yahoo Finance Stocks plunged Tuesday as investors, nervous about upcoming earnings reports, cringed at troubling forecasts from retailers Home Depot and Sears and at soaring oil prices. The Dow Jones industrial average fell 148 points.

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Originally posted by spdandpwr wtf....what a crappy day at the stock market....how does the dow fall over 100pts!

You're kidding right?

As soon as I heard about the problems at Sears I was on the phone with my broker yelling, "SELL SELL SELL".

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your pearl casting hero

i am just laughing at your other post where you were saying about the housing market rising up again...roflmao at keeping your eyes on the housing market....and as soon as subprime loans start to default...wow...us economy is gonna love that one

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the subprime mortgsge collapse hasnt so far shown it is going to spill over into any other sectors. But its effects are being felt by hedge funds and their investors if they were in 'collateral debt obligations' (CDO)s, otherwise known as subprime loans.

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but see wouldn't the subprime loan situation be somewhat mitigated by banks selling their loans to investors...last time i checked banks sell loans to other parties and so when you spread a loss over a bunch of people...its far less of an issue.

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I'd like to play, but I've really not got the time.

technically all you need to do is pick stocks and sit and wait for profits...correct me if i am wrong...but most mutual funds don't do massive day to day trading.

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Originally posted by spdandpwr but see wouldn't the subprime loan situation be somewhat mitigated by banks selling their loans to investors...last time i checked banks sell loans to other parties and so when you spread a loss over a bunch of people...its far less of an issue.

The banks hold a lot of residual risk on their balance sheets from those securitizations. Often times they hold on to the lowest quality sludge. Additionally, just because they sell their own loans doesn't mean they aren't investing in shitty loans made by others.

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technically all you need to do is pick stocks and sit and wait for profits...correct me if i am wrong...but most mutual funds don't do massive day to day trading.

Depends on whether the fund is an actively managed fund or a passive fund. Many are very active, though I'd venture to bet it's really the hedgies that are the active market movers and shakers.

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Originally posted by Krypton the subprime mortgsge collapse hasn't so far shown it is going to spill over into any other sectors.

I don't think I agree with that assessment. Problems are already being felt in the Alt-A space and the recent tightening of underwriting standards has implications all the way up the credit spectrum.

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But its effects are being felt by hedge funds and their investors if they were in 'collateral debt obligations' (CDO)s, otherwise known as subprime loans.

That would be a fine example of one type of spillover with the recent Bear Stearns debacle being a prime example of where subprime woes have bled into potentially much broader financial woes. Particularly if push comes to shove and these CDOs actually get marked to market.

the past two days my fund has taken a hit.......its fallen and it can't get back up......

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Originally posted by LazFX the past two days my fund has taken a hit.......its fallen and it can't get back up......

Everyone should have taken a bit of a beating after the last 2 days... I'd get out of IT though Laz, you know in your heart it's bad!