http://finance.lessonstudio.org Starting with $10,000,000 and seeing where it goes. From Halifax, Nova Scotia, Canada. Sun, 20 Nov 2011 01:04:04 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://finance.lessonstudio.org/2008/03/14/run-rumours/ http://finance.lessonstudio.org/2008/03/14/run-rumours/#comments Fri, 14 Mar 2008 16:51:15 +0000 admin http://finance.lessonstudio.org/2008/03/14/run-rumours/ 2 Days ago I heard a rumour about UBS solvency but I didn’t really believe it. What I do believe is that rumours like that trigger bank runs. Thus when I hear rumours like that floating around I probably should have sold all banking stuff. The big Canadian banks have a zero percent chance of a run but if say Citi or someone has a run then I would lose well over 5-10% on my Canadian banks not to mention the Citi freefall. Plus even after recent banking losses the money could then be reploughed back into Canadian banks for a nice ride back up.

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