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Politics : Ask Michael Burke
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To: starhawke who wrote (71110)11/29/1999 6:10:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
starhawke, Good note. Theorists often lead folks to think that theories are laws, so the suckered end up betting a lot to earn a little. That is when they die. We don't really need LTCM to prove it to us. You can visit the CBOE or one of the other options exchanges and watch as the floor traders get carried out after betting a "theoretical lock." Unfortunately for them, the Fed did not step in to bail them out because none of them were good friends with Alan Greenjeans. <g>
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