Discover and read the best of Twitter Threads about #Lehman

Most recents (2)

The ghosts of 2008 are back. We had #Lehman. Today we have #ILFS and #RupeeAt75. The bulls have given up. #Sensex is down 4500 points in 25 sessions. As shared by @Prashanth_Krish over 50% of stocks traded on NSE are down 50% or more. Friday’s fall would have made it more brute.
Most of serious investors are fully invested. With the kind of sell-off witnessed in #Bajaj twins, #HDFC twins, #Reliance, #Kotak, quality midcaps/largecaps, no one is spared. Even Portfolios of respected investors like Rakesh J, @porinju, @VijayKedia1, SP Tulsian are down!!
In 2017 everyone made easy money. 2018 made you realise how difficult it is for traders and investors to make money in #stocks. I wish @adhia03 realises the gravity of his mistake by imposing #LTCG by referring stock markets as easy money making medium. #Nifty #Sensex
Read 27 tweets
Obligatory #Lehman reminisce:10yrs ago I spent 2am-8pm daily desperately trying to fund the bank's FX balance sheet. Ironically, the measures the firm put in place in 1998 to reduce liquidity pressure turned out to be an albatross. Back then, we had access to USDs, but 1/
Counterparty credit concerns meant that swapping those USDs for FX was extremely tricky, leading to position liquidation. Saloman, in the end, backed to back most of these presumably under regulatory nudge and wink.... Anyhow, following 98 #Lehman sought to hold large foreign 2/
Currency funding across G10 given the assumption that as it was a US financial institution, it should find it much easier to borrow USDs than FX from foreign banks domestically in a liquidity crisis. The Fed's Liquidity programmes in late 07/early 08 (especially the PDCF) 3/
Read 11 tweets

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