John Paulson Wins Mega Lotto, Muddy Waters Says Tickets a Fake

John Paulson has had a tough year, and that’s probably a bit of an understatement. Ever since he made the prescient call that the housing market would collapse, and the sub-prime mortgage market would implode, everything he’s touched has turned to coal. Paulson’s Advantage Plus hedge fund was down over 53% this past year and then there was his disastrous call on the Chinese timber company Sino-Forest, which over stated its timber holdings and Paulson’s hedge fund sold their entire stake at a $468 million loss. Most recently, Paulson sold his stakes in Bank of America and Citi, only

Continue reading...

Tagged april fools, fake, john paulson, lotto ticket, muddy waters, nonsense, sino-forest

Muddy Waters Website Hacked

Muddy Waters, the research firm who famously called out Sino-Forest as a fraud and said more or less the same think about Focus Media, had their homepage hacked: www.muddywatersresearch.com. Although that didn't stop them from wishing you a Happy Thanksgiving and reiterating their strong sell call on Focus Media. Right now, this is what their homepage says:

Continue reading...

Tagged focus media, homepage hacked, muddy waters, sino-forest