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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (50656)1/21/2006 7:16:10 PM
From: zebra4o1  Read Replies (1) of 110194
 
The latest Grant's has a great line about how the big trade over the past year has been selling risk premia. So hedge, who are supposed to hedge, are not hedging. In fact they are taking the other side of the trade. They are selling credit protection and stock market volatility, not buying them.
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