Anatomy of a blow-up
Today even more than yesterday is all about Amaranth Advisors, all the time. This team written piece in the Wall Street Journal is a good place to start. In addition we have tried to cull the most relevant items for your reading pleasure.
If Amaranth lost big time, doesn’t that mean some one also won? Alexei Barrionuevo and Clifford Krauss in the New York Times begin the hunt for the other side of the trade.
Jeff Matthews notes that in regards to Amaranth “…when the market smells blood in the water, it goes after whatever is bleeding and doesn’t let go.”
Barry Ritholtz at the Big Picture has a unique perspective on just who is to blame for Amaranth’s losses.
Paul Kedrosky at Infectious Greed on that nasty “black swan” rearing its ugly head again.
TraderMike culls some money management lessons from the Amaranth blow-up.
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