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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)
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To: skinowski who wrote (2752)1/23/2007 9:36:54 AM
From: RealMuLan  Read Replies (2) of 2852
 
yeah, those "derivatives of derivatives" is extremely dangerous.

>>"The degree of leverage at work . . . is quite frankly frightening," he concludes. "Very few hedge funds I talk to have got a prayer in the next downturn. Even more worryingly, most of them don't even expect one."<<

Not sure why do they call themselves "hedge" funds when they do not even expect downturn<g>

talk about JPMorgan, I heard on CNBC that they are now recommend clients to put their money under the mattresses<g>
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