One of the most ill informed finance articles I've ever read...

It might be a joke that I'm missing but this article is stunningly awful.

Link here, and some amusing exerpts:

On the news of Amaranth's problem, the credit swaps based on Amaranth funds collapsed creating massive problem for the London credit instuments markets. Even the little hedge fund was able to bring the market to its knees.

What is this guy talking about?

Remember 1987. Before the October crash public were arguing about the fact that the market will not give an inch on the down side. Every individual investor was in the elevator at the Penhouse level.

No idea...