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DJP worries ?
Old 09-16-2008, 02:24 PM   #1
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DJP worries ?

How concerned should holders of DJP be ? This is an "exchange
traded note" (ETN) which follows a broad commodity index. As such,
it is subject to credit risk on the issuing company. IIRC, this is
Barclays. I seem to hear this name mentioned a lot these days ...
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Old 09-16-2008, 03:33 PM   #2
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Old 09-16-2008, 04:29 PM   #3
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The talking heads at CNBC said that traders were highly leveraged on the commodity markets and need cash, they are unwinding their positions.
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Old 09-16-2008, 04:49 PM   #4
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Quote:
Originally Posted by Brat View Post
The talking heads at CNBC said that traders were highly leveraged on the commodity markets and need cash, they are unwinding their positions.
Makes sense; I'm happy to "stay the course" as far as that. Buy and hold.

It's the credit risk, of the issuer defaulting, that concerns me. I know
nothing about Barclay.
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Old 09-16-2008, 05:32 PM   #5
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Quote:
Originally Posted by RustyShackleford View Post
Makes sense; I'm happy to "stay the course" as far as that. Buy and hold.

It's the credit risk, of the issuer defaulting, that concerns me. I know
nothing about Barclay.
Google them and read up. Barclay's is a mammoth British bank that seems to be staying mostly above the mess and is rumored to be plundering Lehman;s corpse this very night.
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Old 09-16-2008, 05:41 PM   #6
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