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DOW 5,000 CALL -- Market Strategist David Hefty Warns With $17 Trillion Of Leverage In The System, Margin Calls To Hedge Funds Could Trigger Panic (WATCH)

Video: David Hefty on CNBC -- May 17, 2010 

  •  “The Dow 5,000 piece is very likely—that’s not even the extreme low.  It only takes a few hedge funds to get that margin call."
  • "When they start to sell—and the fact that everyone’s on pins and needles—that’s where the freefall starts to take place, like oil back in 2008."
  • "When you look at the fact that we have $17 trillion of leverage inside the financial system and when you look at debt around the world, our financial system has more debt than anything else."
  • "We are in the eleventh year of a secular bear market and still trying to deleverage “the big bubble” that started in 1994."


UPDATE:  We've added a second clip from David Hefty from May 13.

Video:  Purdue graduate David Hefty on CNBC -- May 13, 2010

CNBC Story  >>








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Reader Comments (18)

Banning Short-Selling 'Is a Mistake': Barry Ritholz

May 20, 2010 at 2:11 PM | Registered CommenterDailyBail
Mortgage rates fall to lowest levels this year

15-year fixed-rate mortgage, 5-year ARM hit record lows: Freddie Mac

May 20, 2010 at 2:11 PM | Registered CommenterDailyBail
WASHINGTON (MarketWatch) -- Senators are scheduled to hold a key vote on whether to end debate over sweeping financial reform legislation, after lawmakers narrowly failed to find sufficient support to close off debate on Wednesday.

May 20, 2010 at 2:12 PM | Registered CommenterDailyBail
Spain's investors face a long, hot summer of discontent

Valuations attractive but risks hang over country as public spending is cut

May 20, 2010 at 2:13 PM | Registered CommenterDailyBail
Everybody vs. Obama

Even Democrats are running against the Obama agenda.

May 20, 2010 at 2:13 PM | Registered CommenterDailyBail
Cyclist Floyd Landis Admits Doping, Alleges Use by Lance Armstrong and Others

May 20, 2010 at 2:14 PM | Registered CommenterDailyBail
May 20, 2010 at 2:15 PM | Registered CommenterDailyBail
NKorea warns of war if punished for ship sinking

May 20, 2010 at 2:16 PM | Registered CommenterDailyBail
Gulf oil spill: Kevin Costner donates 'Ocean Therapy' invention to clean oil from sea; BP OK's tests

Read more: http://www.nydailynews.com/news/national/2010/05/19/2010-05-19_gulf_oil_spill_bp_oks_tests_of_kevin_costners_invention__device_to_clean_oil_fro.html#ixzz0oUkOYHOl
May 20, 2010 at 2:17 PM | Registered CommenterDailyBail
Markets Selling Off Right Now, NASDAQ Down Over 3%


May 20, 2010 at 2:19 PM | Registered CommenterDailyBail
Mexico's Calderon urges US to curb drug demand LOL yep and i wont drink any more. OR LESS
Not to worry the fast food chains will lobby against this since everybody who is stoned eats the crap.LOL
Make weed legal and tax it.Oh thats right we cant to many on the pay roll in hi places.
May 20, 2010 at 3:23 PM | Unregistered CommenterJTS

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