SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Terry Whitman who wrote (42484)11/30/2000 1:16:40 PM
From: pater tenebrarum  Read Replies (3) of 436258
 
look, was the market right or wrong about JNPR in early September? imo the strength in the banks is best explained by a combination of complacency and fund managers chasing performance regardless of fundamentals.
besides, part of my argument is that the banks themselves don't know yet how big a problem they might be facing. they have only just begun to pull in their horns.
if you believe in TL&EV to come, you must realize that the $27 trillion in debt that the economy needs to support will be impaired. and it's not exactly a comforting thought that $40 trillion in notional value of derivatives has been woven around this debt...this has been debated before - they may well on the face of it insure individual risk, but they're also a zero sum game in which one guy's gain is another guy's loss. SYSTEMIC risk has not been reduced by them, on the contrary.

besides, looked at JPM lately? -g-
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News