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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: At_The_Ask who wrote (148256)2/4/2002 10:29:03 AM
From: Real Man  Read Replies (1) of 436258
 
I'm pretty sure LTCM traded according to non-random theory, cause all this stuff is pretty well known and is reflected in option prices-g- Still, it's close enough to a random walk, so in the 1-st approximation these theories are correct. They are incorrect essentially because there is always a finite probability of a crash. LOL! Luc would sure love that.
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